Former California Agent Sentenced for Stealing From Consumers July 17, 2023 Christopher Ramos, 45, of Santa Rosa, California, was sentenced to four years in prison after an investigation by the California...
Hail and Wind from Thunderstorms Caused $5.5 Billion in Damage, KCC Says July 17, 2023 Severe weather created when a stationary front trapped warm, humid air over Texas and the Southeast caused an estimated $5.5...
California Workers’ Comp Insurer Combined Losses and Expenses in 2022 Were $15B July 17, 2023 The Workers’ Compensation Insurance Rating Bureau of California released its report on workers’ compensation losses and expenses for 2022. Key...
Massachusetts Judge Rejects Auto Insurance Class Actions Over Diminished Value July 17, 2023 A judge in Massachusetts denied class certifications for claimants seeking payments from two insurers for the lost resale value of...
California Sits Far Atop National EV Policy Scorecard List July 17, 2023 California ranked first in strengthening policies to enable widespread use of electric cars, trucks, and buses, according to a national...
Construction-Defect Subrogation on the Rise But it Just Became More Difficult in Florida July 17, 2023 Florida lawmakers this year approved a law that could help reduce liability insurance premiums for home and condo builders –...
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway July 17, 2023 What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit...
Louisiana Pharmacy Fined $275K for Controlled Substances Act Violations July 17, 2023 A Port Allen, Louisiana pharmacy and its owner must pay $275,000 to resolve a federal civil lawsuit under the Controlled...
US Insurance Market Forecast to Withstand Losses From Large Hurricane This Year: Fitch Report July 17, 2023 With ample capital, Fitch Ratings’ latest annual ‘U.S. Hurricane Season’ report indicates U.S. property and casualty (P/C) and reinsurers can...
Business Moves July 17, 2023 East World Insurance Associates, Bryant Asset Protection, B. R. Alexander & Co., The Mogil Organization Insurance broker World Insurance Associates...