The Texas Windstorm Insurance Association Board of Directors met in Austin Tuesday to finalize financial preparations for the 2023 storm season. The Board previously established $4.5 billion as the association’s 1:100 probable maximum loss for 2023. In April, the Board …
A bipartisan bill proposed by federal lawmakers would provide farmers a discount on crop insurance premiums by planting cover crops. The Conversation Opportunity and Voluntary Environment Resilience (COVER) Act, proposed last week by Sen. Sherrod Brown, D-Ohio, and Reps. Sean …
As theater shows and live events return to full force this year coming off pent-up demand, underwriters are placing extra scrutiny on safety, resulting in increased rates and tightly worded policies. Specialists in the entertainment insurance industry say that coverage …
ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed in the US …
Goodwill Industries of Southeast Louisiana, Inc. has agreed to pay a former employee $60,000 to settle a lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced today. The lawsuit was resolved through a consent decree, …
ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed last week in …
A Louisiana parish is suing FEMA for withholding flood insurance rating methodology, alleging the agency has denied residents from viewing data used to set rates under the National Flood Insurance Program’s Risk Rating 2.0. St. Charles Parish filed suit in …
The Louisiana Department of Insurance (LDI) announced Monday that the second 30-day application period for insurance companies to apply for Insure Louisiana Incentive Program funding is open through May 25. Insurance companies can apply at ldi.la.gov/insurela. Eight companies are already …
The Texas market for auto and homeowners insurance grew double digits in 2022, according to an annual report put out by the Texas Department of Insurance. Texas insurers reported direct premium written for private passenger auto of $26.3 billion in …
The construction industry continues to see a wave of new projects, creating plenty of work for architects and engineers. While design firms experience growth amid an expanding market, insurers providing architects and engineers (A/E) professional liability coverage are becoming more …
