Busy Hurricane Season Could Test North Carolina’s ‘Weakened’ Building Codes, Experts Say June 17, 2024 The 2024 Atlantic hurricane season, predicted to be unusually intense, officially began this week and it could soon bring the...
Insureds Never Knew Their Policy Was Nonrenewed June 17, 2024 A Connecticut Appeals Court has affirmed that an insurer is not obligated to provide actual notice of a home insurance...
Florida Insurance Agents Will Soon Need to Be Appointed With 3 Carriers Before They Can Sell Citizens’ Policies June 17, 2024 Starting July 1, Florida insurance agents must have at least three appointments with authorized carriers before they can sell policies...
Insurers Must Physically Inspect to Confirm Damage Cited by Aerial Imagery June 17, 2024 The Pennsylvania Insurance Department (PID) has reminded insurers of their obligation to conduct a physical inspection to confirm the type...
A.M. Best: Rapid Premium Growth Warrants Greater MGA Oversight June 17, 2024 Though A.M. Best remains bullish on the delegated underwriting authority enterprises (DUAEs) market, it remains cautious of the risk managing...
Business Moves June 17, 2024 National American Coastal Insurance, Interboro Insurance, Forza Insurance Holdings American Coastal Insurance Corp. (ACIC) has agreed to sell its subsidiary...
People Moves: Krause Group Names Westervelt Vice President of Sales June 14, 2024 Krause Group, headquartered in Des Moines, Iowa, named Holly Westervelt to the newly created role of vice president of sales,...
Broker Clear Group Buys UK Credit Insurance Specialist Rycroft Associates June 14, 2024 The Clear Group, the London-based independent broker, announced it has acquired the book and assets of credit insurance broker Rycroft...
Singapore’s Income Insurance, Allianz in Talks on Potential Transaction June 14, 2024 Singapore’s Income Insurance Ltd is in discussion with Allianz regarding a transaction relating to its shares in Income Insurance, it...
Insured Flood Losses in Germany Could Range From US$2.1B to US$3.2B: Moody’s RMS June 14, 2024 Insured losses from floods that hit Central Europe between Thursday, May 30 and Monday, June 3 will likely fall within...