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Future Tech to Create Lower Claims Frequency, New Threats: Allianz Report

Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz Global Corporate & Specialty …

XL Catlin Boosts Terrorism Insurance Limits to $250M

XL Catlin has raised its available terrorism insurance coverage limits to $250 million from $200 million, a 25 percent increase. XL Catlin’s standalone terrorism insurance policy helps U.S. businesses address potential insurance coverage gaps provided by the federal Terrorism Risk Insurance Program Reauthorization …

North Carolina Appeals Court Refuses to Revive UNC Academic Sham Suit

A North Carolina appeals court won’t revive a lawsuit by two former athletes who say they were harmed by sham classes at the University of North Carolina. The North Carolina Court of Appeals ruled Tuesday that a Charlotte-area judge properly …

Velocity Risk Underwriters Launches Landlords Policy in Florida

Velocity Risk Underwriters has expanded its Florida products to include a landlords policy for rental properties (DP-3) for annual, seasonal, and vacation rentals. Velocity’s homeowners programs in Florida utilizes Texas-based State National Insurance Company. Velocity offers statewide coverage with a …

Florida’s New Tactic to Fight Zika: Release of 20K Bacteria-Infected Mosquitoes

Thousands of bacteria-infected mosquitoes were released in the wild Tuesday near Key West, testing a new way to kill mosquitoes that carry Zika and other viruses. The Florida Keys Mosquito Control District released 20,000 male mosquitoes infected by the Kentucky-based …

Specialty Brokers AmWINS and Partners Specialty Group to Merge

Specialty insurance brokerages AmWINS Group Inc. and Partners Specialty Group LLC  have agreed to merge. Partners will become part of the AmWINS Brokerage Division, bringing an expanded geographic presence that complements the existing AmWINS platform. The combined firm will place …

Texas Woman Awarded $760K for Oklahoma Skydiving Injury

Texas woman has been awarded $760,000 after she was badly injured in a skydiving accident in Oklahoma. Mackenzie Wethington was 16 in January 2014 when her parachute malfunctioned and she fell more than 3,000 feet to the ground in Chickasha. …

Critics: DuPont Spent More on Legal Fees than Chemical Tests in Teflon Case

Critics say DuPont has spent too little on testing Ohio and West Virginia residents for contamination from a chemical used to make Teflon, while paying millions to a lawyer overseeing the testing program. The Columbus Dispatch DuPont spent about $860,000 …

North Dakota Passes Law Regulating Air Ambulance Bills

Insurance Commissioner Jon Godfread praised the signing of Senate Bill 2231, regarding the regulation of how insurance companies pay for air ambulance services in North Dakota. The bill also requires hospitals to notify patients in non-emergency situations which air ambulance …

Surplus Lines Insurance Bills Advance in Texas Legislature

The Texas legislature has pushed several bills related to the excess and surplus lines industry out of committee, the Surplus Lines Stamping Office announced. The Senate Business and Commerce Committee voted on April 18 to recommend that Senate Bill 1491, …

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