Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to risk modelers at Karen Clark & Co. The estimates cover privately insured wind and storm surge damage to residential, commercial, …
The National Weather Service has confirmed that tornadoes touched down in Bucks and Montgomery counties during Tuesday’s storm. The weather service office in Mount Holly, New Jersey, said more details would be provided later such as the strength and exact …
Connecticut Governor Ned Lamont called for an investigation of the state’s two largest electric utility companies Wednesday as hundreds of thousands of residents remained without power a day after Tropical Storm Isaias ripped through the state. Lamont asked the Connecticut …
Randall & Quilter Investment Holdings Ltd. (R&Q) has reached an agreement to merge its wholly owned subsidiary, Sandell Re Ltd., with Tradesman Program Managers LLC in return for a 35% interest in the combined entity. The transaction is subject to …
Tropical Storm Isaias produced tornado activity, heavy rain and flooding, hail and strong winds throughout Delaware, causing significant destruction in several Delaware communities, according to a press release issued by the Delaware Insurance Department. Insurance Commissioner Trinidad Navarro visited residents …
The Virginia State Corporation Commission’s (SCC) Bureau of Insurance is encouraging policyholders that sustained property damage from Tropical Storm Isaias to contact their insurance company or agent as soon as possible to file a claim. The Bureau is reminding Virginians …
Following a previous announcement on June 5, 2020, Randall & Quilter Investment Holdings Ltd.’s (R&Q) wholly owned Vermont subsidiary, ICDC Ltd, has completed the acquisition of NationsBuilders Insurance Co. , a Washington D.C.-domiciled captive from NationsBuiders Insurance Services. This marks …
The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner of several restaurants against its insurer over business interruption …
World Insurance Associates LLC (WIA) has acquired JF Murray Co. Inc. of Point Pleasant, N.J., on July 1, 2020. Terms of the transaction were not disclosed. JF Murray Co. provides clients with complete insurance solutions for their personal and business …
High winds partially tore the roof off a day care center on the grounds of a suburban Philadelphia hospital, injuring four children, as heavy rains flooded rivers and streams, prompting water rescues, evacuation calls and a search for a young …
