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CITA Insurance Services and Ascot Insurance Company announce nationwide real estate agents and brokers errors & omissions program

Nov 7 2024 // ORANGE, CA, November 6, 2024 – CITA Insurance Services and Ascot Insurance Company (Ascot) have partnered to deliver a new real estate agents and brokers error & omissions (E&O) program nationwide. This admitted...

Spain’s Floods to Cost Insurers More Than €1 Billion: Morningstar DBRS

Nov 4 2024 // Southern Spain’s devastating floods are expected to cost insurers well above €1 billion ($1.1 billion), given the significant damage to people, properties, vehicles and businesses as well as to the region’s...

NC Insurers Warned About Using Flood Denials in Underwriting

Nov 4 2024 // North Carolina Insurance Commissioner Mike Causey is reminding property insurers to refrain from raising homeowners’ premiums just because an insured filed a claim or inquiry in order to qualify for flood insurance...

KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts

Nov 1 2024 // Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’ losses in Hurricanes Helene and Milton. But that won’t trigger a...

Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz

Nov 1 2024 // Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according to people familiar with the matter. Sampo Oyj, which owns British general insurer Hastings...

Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Finds

Nov 1 2024 // Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the proceeds to only one of them, a federal appeals court decided this week. The U.S. 11th Circuit Court of...

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