U.S. Sen. Kirsten Gillibrand (D-N.Y.) is asking the Federal Emergency Management Agency to consider reversing denials of Superstorm Sandy flood claims based on the “earth movement” exclusion. Gillibrand said recent news reports revealed that Sandy flood insurance claims from “thousands …
Public Service Enterprise Group, the largest provider of gas and electric service in New Jersey, sued 11 insurers, including American International Group Inc., over losses from Hurricane Sandy. PSE&G, which provides electricity to 2.2 million customers in New Jersey, claimed …
Insurance broker Willis Group Holdings plc promoted Todd Jones to chief executive officer of Willis North America. He is based in Willis’ New York office. Jones succeeds Vic Krauze who joined Willis in 1997 and has been serving as chairman …
Swiss Reinsurance Co. and Lloyd’s of London, the world’s oldest insurance market, are among insurance companies being probed by New York’s insurance regulator about their compliance with an expanded Iran sanctions law. The state Department of Financial Services is asking …
The National Insurance Crime Bureau recently released its annual report on a per capita review of vehicle thefts from the nation’s Metropolitan Statistical Areas (MSA). The report, based on 2012 data, shows that California continues to be a hotbed for …
Following a six-year tenure as Citizens Property Insurance Corp.’s chief financial officer, Sharon Binnun has accepted a position in the private sector. Binnun is joining Cypress Property & Casualty Insurance Co. as executive vice president of finance. Cypress is a …
West Virginia property owners in general didn’t see a huge uptick in insurance premiums after making claims from last summer’s massive windstorm, state data shows. Figures compiled by the state insurance commissioner show nearly 36,700 insurance claims were filed in …
A federal judge has upheld Mississippi’s cap of $500,000 on non-economic damages in medical malpractice cases. The ruling came in a wrongful death lawsuit filed by the family of a woman and her unborn baby who died after being denied …
Florida recently joined a growing list of states that allow electronic proof of insurance via smartphones for motorists at traffic stops. Among Southeast states, Mississippi, Alabama, Georgia, Tennessee and Kentucky now also allow electronic proof of insurance. Nationally, there are …
The Florida Supreme Court ruled that prior to a 2012 state law, auto insurer Geico didn’t have the right to force a policyholder to answer questions under oath before paying a personal injury protection (PIP) benefits claim. The ruling applies …
