Minnesota County to Pay $3.4M to Settle Suit Over Detainee’s Death December 2, 2024 Minnesota’s most populous county will pay $3.4 million to settle a lawsuit that alleged jail workers ignored the pleas of...
TWIA Board Reviews 2025 Budget After $455 Million Loss from Beryl December 2, 2024 The Texas Windstorm Insurance Association Board of Directors met in November to review information related to the agency’s 2025 budget....
New Hampshire High Court Invalidates Geico Underinsured Claim Provision December 2, 2024 By Andrew G. Simpson A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is...
AM Best Removes Under Review Status of Iowa’s Pharmacists Mutual November 18, 2024 AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and...
Would Letting Roofers Do More Wind-Mitigation Work Help Reduce Florida’s Insured Losses in Storms? November 18, 2024 By William Rabb A recent photograph of destruction left by Hurricane Milton’s wind tells the story: An entire roof section on a residential...
10 Sales & Marketing Tips to Help Agencies Grow November 18, 2024 Get Out of the Office. Attend events where you can mingle and meet people. Be a Guest. Reach out to...
Rating Firm Says Florida Insurers Will Weather the Storms. Cat Fund Can Handle Payouts to Insurers November 18, 2024 Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Chubb Continues ‘Record’ Year With 13.8% Jump in Q3 Net Income November 18, 2024 Chubb recorded an 11.7% increase in P/C underwriting income with a combined ratio of 87.7 as part of third quarter...
Insurer Not Liable if Bank Improperly Cashes Insurance Check, Appeals Court Says November 18, 2024 Insurance carriers are not responsible if a bank improperly cashes a check made out to two insureds and gives the...
Claims Analysis: Roofs Define Luxury Homes’ Insurability November 18, 2024 By Stephen Poux and Diane Delaney The insurance industry is facing a significant rise in roof-related claims. The combination of increasingly severe weather events, inflation-driven repair...