California Insurance Commissioner Leaves Workers’ Comp Benchmark Rate July 19, 2022 California Insurance Commissioner Ricardo Lara on Tuesday adopted and issued a rate for workers’ compensation insurance pure premium that he...
Missouri Man Sues Bass Pro for Not Honoring Lifetime Warranty on Socks July 19, 2022 A Missouri man says in a class-action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its...
People Moves: Former Lexington Exec Heads to FutureProof; Hourly.io Hires From Markel; Leisz Joins Nationwide E&S; New CIO at Ryan Specialty July 19, 2022 San Diego-based FutureProof Technologies has hired Joseph Strickland as head of underwriting. He was previously senior vice president at AIG’s...
Wood-Dulohery to Merge with Kansas’ ICI Insurance to Become Wood Insurance Center July 19, 2022 Wood-Dulohery Insurance, Inc., with operating locations in Parsons and Pittsburg, Kansas has merged effective July 1, 2022, with Insurance Center...
Louisiana Guaranty Fund to Borrow $600 Million to Pay Claims July 19, 2022 A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida....
New Jersey High Court: Default Claims Against Insurer Subject to Arbitration July 19, 2022 By Andrew G. Simpson A claimant seeking to recover directly from an insurer on default judgments for claims against the insurer’s policyholder, must abide...
UK Jensten Group Acquires UK Broker Ravenhall Risk Solutions July 19, 2022 The Jensten Group has acquired UK broker Ravenhall Risk Solutions for an undisclosed sum. The deal, which is subject to...
$24 Million Mold Remediation Starts on Federal Courthouse in Mississippi July 19, 2022 Work has begun to renovate a northeast Mississippi federal courthouse long plagued by mold. WTVA-TV reports interior demolition began last...
UK Regulator Pushes Insurers to Cut Premiums for Fire-Risk Apartments July 19, 2022 By Katherine Griffiths and Jack Sidders Thousands of people living in high-rise apartments in Britain are set to get better deals on their property insurance following...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm July 19, 2022 With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners...