Houston City Council Approves Plan to Increase Federal Flood Insurance Discounts July 25, 2024 By Ezra Amacher Houston residents could see a greater discount on their federal flood insurance premiums as soon as next spring after the...
AM Best Withdraws Credit Ratings for Mt. Morris Mutual Following Downgrade July 24, 2024 By Ezra Amacher AM Best announced it has withdrawn credit ratings of Mt. Morris Mutual Insurance Company in Coloma, Wisconsin, less than a...
Hurricane Beryl Caused $2.5-$4.5B in Estimated Insured Losses, Says Moody’s July 16, 2024 By Ezra Amacher U.S. insured losses from Hurricane Beryl will likely fall between $2.5 billion to $4.5 billion, according to estimates by Moody’s...
Texas Health System Loses COVID-19 Business Interruption Suit July 15, 2024 By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses...
Insurers Seek Subrogation Over Ohio Train Derailment July 15, 2024 By Ezra Amacher Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court, alleging the rail carrier’s negligence led to...
Hurricane Beryl: Insurers See Minimal Impact, Brace for Active Season July 12, 2024 By Ezra Amacher Insurers’ losses from Hurricane Beryl will be “low and readily absorbed” and the storm is not expected to change pricing...
‘We’re All Going to See the Impact’ – Beryl Could Worsen Texas Insurance Crisis July 10, 2024 By Ezra Amacher Insurance agent Ian Hartgrove was one of many Houston residents caught off guard by the size of Hurricane Beryl, which...
Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit June 28, 2024 By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses...
Insurers Seek Subrogation Against Norfolk Southern Over Ohio Train Derailment June 28, 2024 By Ezra Amacher Four insurance companies filed a subrogation lawsuit against Norfolk Southern in federal court last week, alleging the rail carrier’s negligence...
Floodwaters Inundate Midwest, Where Flood Insurance is Rarely In Force June 26, 2024 By Ezra Amacher Floodwaters damaged hundreds of properties this week across parts of Nebraska, Iowa, Minnesota and South Dakota as the Midwest recovers...