Homeowners Insurance Does Not Cover Cryptocurrency Theft, 4th Circuit Affirms November 18, 2024 By Andrew G. Simpson A federal appeals court has affirmed that a homeowners insurance policy does not cover the theft of cryptocurrency because the...
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...
Florida Rule Bars Altering Adjusters’ Reports Without Explanation November 4, 2024 By William Rabb Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and...
Natural Disaster Losses Below Average Through Q3, Despite Higher Frequency: Report November 4, 2024 Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according...
AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan November 4, 2024 AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s November 4, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
East Palestine Residents Should Receive Payments During Appeal November 4, 2024 By Josh Funk People who lived near the disastrous East Palestine derailment last year should still be able to receive personal injury payments...