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People Moves: Plymouth Rock Home Names Zygmunt Chief Operating 0fficer

Plymouth Rock Home Assurance Corp., headquartered in Boston, appointed Kevin Zygmunt as its chief operating officer. In his new role, he oversees operations for the marketing, underwriting, service, and claims teams for the home group. Zygmunt most recently led the …

World Insurance Associates Acquires Royalty Insurance Services in California

World Insurance Associates LLC has acquired Royalty Insurance Services in Van Nuys, California. Royalty has been providing commercial trucking insurance for over 23 years. World Insurance Associates is a national financial services organization headquartered in Iselin, New Jersey operating from …

Maine Approves 9.6% Decrease in Workers’ Compensation Costs

Maine has approved the insurance industry’s filing that will lower workers’ compensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of April 1, 2025. According to Superintendent …

Death Toll From Los Angeles Wildfires Reaches 30

Nearly three months after two wildfires destroyed thousands of homes in the Los Angeles area, officials said the death toll from the blazes had reached 30. A team responded last week following a report of possible human remains at a …

People Moves: BTIS Promotes Keefe to SVP, Head of Operations

Builders & Tradesmen’s Insurance Services Inc. promoted Jessica Keefe to senior vice president and head of operations. Keefe has more than 20 years of experience in compliance, operations optimization and strategic business growth. Keefe joined BTIS in 2010. BTIS is …

Insureds Have Post-Loss Duties Too, Florida Appeals Court Says in HCI Win

Florida insurers, often on the receiving end of insureds’ complaints in the courts and in the news media, may take heart from a recent ruling by a Florida appeals court, which draws a bold line under insureds’ responsibilities after a …

My New Markets

Service Contractor Surety Bond Market Detail: RevBond writes an extensive line of surety products on A.M. Best Rated A- (Excellent) paper and is licensed in all 50 states. RevBond can support service contract needs by focusing on the small to …

Texas Judge Awards Nearly $2M for FBI Agent’s Fatal Shooting

A federal judge has awarded nearly $2 million in damages as part of a civil lawsuit after concluding an FBI agent was negligent when he fatally shot a kidnapped Texas man during a botched rescue attempt in 2018. The family …

CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release

The U.S. Chemical Safety and Hazard Investigation Board (CSB) released an update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two contract …

Nearly a Quarter of Homes in New Mexico Uninsured, Report Shows

New Mexico has the highest rate of uninsured homes in a report that also shows nearly one-in-seven U.S. homes are uninsured, and 11.3 million out of 82.9 million owner-occupied homes (13.6%) are uninsured. A report from LendingTree that used Federal …