Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and low-balled policyholders, Florida’s chief financial officer has issued an emergency rule barring similar actions in Hurricane Milton claims. “Any move …
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the first three quarters of …
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of ‘b+’ (Marginal) of Farmers Mutual Insurance Company …
The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains, according to a report published by Lloyd’s, …
People who lived near the disastrous East Palestine derailment last year should still be able to receive personal injury payments even while the bulk of their $600 million class action settlement with Norfolk Southern railroad remains on hold during an …
Scarbrough, Medlin and Associates Inc. has built its success on a foundation of trust. “I never needed to be pushed or made to work,” said Rod Medlin, Scarbrough, Medlin & Associates Inc. (SMA) CEO. “My theory is to find people …
The City of Isleton will take part in a community-based flood insurance initiative as part of a two-year $200,000 grant to provide payouts to residents if floodwaters reach a pre-determined depth. The pilot project is headed by the California Department …
A thirtieth birthday marks a key milestone in a person’s life. It’s the age when crashing on your friend’s couch is no longer an acceptable sleeping arrangement, and when every bend of the back becomes accompanied by a sigh or …
A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with a …
When it comes to agency errors and omissions liability there’s nothing more important than playing it safe. One proven way is ensuring that everything is documented properly. But because there is always the threat of an E&O allegation turning into …
