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California OKs Increase in FAIR Plan Commercial Property Coverage Limits

California Insurance Commissioner Ricardo Lara approved a filing from the California FAIR Plan Association to increase commercial property coverage limits. Related: New Fire Maps Put Nearly 4M Californians in Hazardous Zones The approval increases the FAIR Plan’s Division I Commercial …

IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s

According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance – …

Fake Construction Site Injuries Reaching New Heights in New York City, Suit Says

Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filings and an ABC News report. Worker advocates …

HCI Invested in Tampa Office Site, Now Leasing it to GEICO for 1,000-Job Expansion

Berkshire Hathaway’s GEICO insurance plans to open a new campus in Tampa late this summer, bringing more than 1,000 jobs to the area. The property and auto insurer also plans to open an office in the Dallas area by this …

Department of Labor Award Continues Disaster-Relief Jobs for Maui Wildfires

The U.S. Department of Labor is awarding $2.5 million to Hawaii to continue employment and training services and support disaster-relief jobs for people in communities affected by the wildfires that swept across the island of Maui on Aug. 8, 2023. …

People Moves: Aspire Promotes New Leadership; Venbrook Names Hicks Transportation Practice Lead

Aspire Promotes Nicholson, Storms and Storms to New Leadership Roles Aspire General Insurance promoted Tyler Nicholson to the newly created role of chief revenue and distribution officer. Nicholson has more than 20 years of industry experience, joining Aspire in 2016 …

Passenger Flight and Air Force Jet Diverted From Potential Collision at DC Airport

A U.S. passenger flight preparing to leave the nation’s capital and an incoming military jet received instructions to divert and prevent a possible collision, officials said. Delta Air Lines Flight 2983 was cleared for takeoff at Ronald Reagan Washington National …

Con Edison to Pay $750,000 to Settle Harassment Allegations

The New York utility provider Con Edison has agreed to pay $750,000 and implement a host of anti-harassment reforms to settle a lawsuit claiming it routinely ignored discrimination complaints brought by female field workers. The settlement, announced Tuesday, comes after …

AM Best Removes Pie Insurance From Review With Negative Implications

AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of The Pie Insurance Company (Columbus, OH) and its pooled affiliate, Pie …

RYZE Claim Solutions Acquires Texas’ Leading Edge

RYZE Claim Solutions, a full-service claims management company, announced the acquisition of Leading Edge Claims Service, a firm based in Southlake, Texas. This strategic move further strengthens RYZE’s position in the industry, reinforcing its long-term vision for the continued expansion …