Monthly Archives: <span>February 2023</span>

Public Adjusters Can’t Also Be Appraisers on the Claim, Florida Supreme Court Finds

A public adjuster cannot act as an appraiser for a homeowner they represent when the insurance policy specifies that the appraiser must be “disinterested,” the Florida Supreme Court ruled Thursday. The high court affirmed a 2nd District Court of Appeal …

Industry Trailblazer, Former Chairman of AXIS Capital, Michael A. Butt, Dies

Albert A. Benchimol, president and CEO, of AXIS Capital has issued a letter of remembrance to colleagues about Michael A. Butt, the company’s former chairman and industry leader, who died on Feb. 8. Benchimol describes Butt as a “towering figure” …

UK Government Seeks to Speed Up Post-Brexit Insurance Reforms

The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121 billion) of capital for investment, after months of clashes over the plans and frustration about the slow pace of change. …

Former Iowa Insurance Producer Sentenced for Fraud Scheme

Former insurance producer Oscar Sanchez of Marshalltown was recently sentenced in Marshall County District Court after pleading guilty to his actions in an insurance fraud scheme. Sanchez pled guilty on December 8th, 2022, to three counts of Insurance Fraud – …

The National Alliance Launches Virtual Reality Experience in Risk Management Program

Austin, TX., February 10, 2023 — The National Alliance for Insurance Education & Research proudly announces the first phase of virtual reality experiences within their acclaimed insurance and risk management courses. Unveiled at their recent Culture & Values conference—which focused …

Texas DWC Taking Comments on Proposed Rule Change to Update Insurance Code

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is accepting public comments on a proposed rule to amend 28 Texas Administrative Code Section 165.1. The changes would add Texas Mutual’s physical address, update Insurance Code references, and make …

Zurich Insurance Reports 12% Drop in Net Income to $4.6B, but Exceeds Targets

Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12% decrease from $5.2 billion in 2021, which was driven mainly by a lower level of capital gains, net losses on divestment of businesses and …

Louisiana Opens Insurer Application Period for Incentive Program

Louisiana Insurance Commissioner Jim Donelon announced that the 30-day application period for insurance companies to apply for Insure Louisiana Incentive Program funding is now open. Insurance companies that are interested in participating can learn more and apply at ldi.la.gov/insurela. The …

People Moves: Aura Risk Management Names Morrison SVP; RYZE Claim Solutions Promotes Isaacs to EVP/CPO

Aura Risk Management Introduces Morrison as Senior Vice President Aura Risk Management & Insurance Services, a member of The Liberty Company Network of Insurance Brokers, has brought aboard Eric Morrison as senior vice president. Morrison will be leading efforts to …

Illinois Truck Parts Company to Settle $200K Sexual Harassment Suit

CHICAGO – Monro, Inc., owner and operator of more than 1,000 auto care locations across the country, will pay $200,000 and provide other relief to resolve a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the …