Hurricanes Get the Headlines But Inland Flooding Tops the Disaster List July 25, 2024 By Seth Borenstein Floyd County keeps flooding and the federal government keeps coming to the rescue. In July 2022, at least 40 people...
Senate Democrats Seek to Reverse Supreme Court Curb on Regulatory Agency Power July 25, 2024 By Nate Raymond Democratic U.S. senators on Tuesday introduced a bill designed to undo a ruling last month by the U.S. Supreme Court...
California Homeowners Sue FAIR Plan Over Smoke Damage Coverage July 25, 2024 A class action lawsuit is being brought on behalf of more than 350,000 policyholders against the California FAIR Plan over...
Secret Ratings Show US Regulator’s Concern on Banks’ Handling of Risks July 25, 2024 By Hannah Levitt and Katanga Johnson A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a...
New Mexico Superintendent of Insurance Takes Issue with Ruling on Living Expenses July 25, 2024 A Santa Fe District Court ruling that State Farm and Casualty Co. does not have to comply with a provision...
AM Best Withdraws Credit Ratings for Mt. Morris Mutual Following Downgrade July 24, 2024 By Ezra Amacher AM Best announced it has withdrawn credit ratings of Mt. Morris Mutual Insurance Company in Coloma, Wisconsin, less than a...
People Moves: Encova Insurance Names Shaver SVP, Small Business, and Lowe VP, Package Lines Underwriting July 24, 2024 Encova Insurance, headquartered in Columbus, Ohio, named Michelle Shaver as senior vice president, small business, commercial lines, and Carrie Lowe...
BHP Must Stop Funding Legal Action to Halt Mariana Dam Claim, London Court Rules July 24, 2024 BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one...
AGs in 14 States Want FHFA to Drop Plan to End Title Insurance Requirements July 24, 2024 Attorneys general from 14 states, most of them in the South, are urging the Federal Housing Finance Agency to back...
New London-Based Specialty Reinsurer, Stability Re, Launched July 24, 2024 The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023...