Insurance Journal
California representatives Mike Thompson (D-CA) and Doug LaMalfa (R-CA) introduced the Disaster Resiliency and Coverage Act of 2024. H.R. 7849 would provide homeowners in disaster-prone regions with incentives to harden their properties against wildf...
Posted: Apr 10, 2024
The Oregon Division of Financial Regulation issued a $200,000 fine against State Farm after the company reportedly failed to send notices over the past six years informing its insureds of their ability to request an annual credit check, which could &...
Posted: Apr 10, 2024
A federal grand jury in Connecticut returned a six-count indictment charging a Norwalk, Connecticut business owner with fraud offenses related to his operation of a prize insurance business. According to the officials, Kevin Kolenda owns and operates...
Posted: Apr 10, 2024
A federal grand jury in Connecticut returned a six-count indictment charging a Norwalk, Connecticut business owner with fraud offenses related to his operation of a prize insurance business. According to the officials, Kevin Kolenda owns and operates...
Posted: Apr 10, 2024
The Connecticut Appellate Court has ruled that an auto insurer is not obligated to pay underinsured benefits to make up the difference between the coverage limits available and the lower amount its insureds actually receive from the at-fault driver&#...
Posted: Apr 10, 2024
Virginia Gov. Glenn Youngkin has returned a “bad faith” insurance claims bill to the General Assembly with recommendations for changes, disappointing property/casualty insurers that had hoped he would veto the measure. Youngkin’s ac...
Posted: Apr 09, 2024
Virginia Gov. Glenn Youngkin has returned a “bad faith” insurance claims bill to the General Assembly with recommendations for changes, disappointing property/casualty insurers that were hoping he would veto the measure. Youngkin’s...
Posted: Apr 09, 2024
This post is part of a series sponsored by CoreLogic. Thirty years ago, we had seventeen minutes to escape a fire. Today, we only have three minutes. This is the result of the widespread use of petroleum-based products and furnishings …
Posted: Apr 09, 2024
The Oklahoma Insurance Department (OID) issued a Cease-and-Desist Order against First Premier Home Warranty Corp. for unauthorized sale of home warranty contracts in Oklahoma. Effective immediately, the company is required to halt all sales activitie...
Posted: Apr 09, 2024
Acies MGU, the London-based managing general underwriter and MGA incubator, announced the launch of Phoenix Specialty, a specialist MGA serving the construction sector. Phoenix will be led by managing director Tim James, subject to regulatory approva...
Posted: Apr 09, 2024
Building the Aggie bonfire was once among the most prized student traditions at Texas A&M University. That changed when the 60-foot stack of logs fell and killed 12 people in 1999, becoming one of the most painful chapters in the …
Posted: Apr 09, 2024
Illinois Governor JB Pritzker announced that Illinois Department of Insurance (DOI) Director Dana Popish Severinghaus will step down from her role on April 15th. Popish Severinghaus has served as Director of DOI since January of 2021. Pritzker has ap...
Posted: Apr 09, 2024
Des Moines, Iowa-based EMC Insurance is debuting an updated brand, including a new logo, effective April 9. The company’s website and social media channels have been refreshed with the new look and feel. EMC’s new logo features a distinct...
Posted: Apr 09, 2024
New technologies and rising labor costs are putting pressure on auto insurance carriers and auto repairers by making repairs more costly and increasing repair times, trends that a new report asserts are “reshaping” the industries. The bot...
Posted: Apr 09, 2024
April 9 (Reuters) – U.S. railroad operator Norfolk Southern NSC.N said on Tuesday it had reached a $600 million deal to resolve a class action lawsuit related to the East Palestine, Ohio derailment last year. The agreement, which needs to ̷...
Posted: Apr 09, 2024
Israeli cyber security startup Claroty is preparing a possible U.S. initial public offering in 2025 at a valuation of $3.5 billion, the Calcalist financial daily reported on Tuesday. Calcalist, without citing sources, said Claroty was currently value...
Posted: Apr 09, 2024
FORT LAUDERDALE, Fla. (AP) — Federal job safety officials began their investigation Friday into the collapse of a crane in downtown Fort Lauderdale that killed one worker, injured three people and left morning traffic snarled. Investigators from the...
Posted: Apr 09, 2024
If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8%, to last year’s CPI increase of 3.4%, according …
Posted: Apr 09, 2024
OLLING FORK, Miss. (AP) — As a deadly tornado barreled toward their home in the Mississippi Delta, Ida Cartlidge only had time to scoop up her 1-year-old son, Nolan, and hold him close. Cartlidge huddled with her husband and three …
Posted: Apr 09, 2024
Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings Inc., and Selective Insurance G...
Posted: Apr 09, 2024
King Insurance Partners, the Gainesville, Florida-based brokerage, has continued its steady pace of expansion with the acquisition of Prestige Insurance, with offices in Vero Beach. Michele Anania is principal of the 25-year-old Prestige agency, whic...
Posted: Apr 09, 2024
Alliant Insurance Services, the Irving, California-based insurance broker, has acquired Property Owners Protection Insurance Co. (POPIC), a national captive program manager that serves owners and managers of multifamily and single-family residential...
Posted: Apr 09, 2024
Former Florida insurance commissioner, treasurer and Congressman Bill Gunter died Monday at his Tallahassee home. He was 89. “He was a strong, thoughtful public servant and pioneer in insurance regulation as commissioner of insurance, paving th...
Posted: Apr 09, 2024
Lemonade, the New York-based insurtech, announced the launch of homeowners insurance in France in partnership with BNP Paribas Cardif. Millions of occupying homeowners can now purchase extensive coverage for their home and belongings. Risks are cover...
Posted: Apr 09, 2024
DoorDash Inc. is paying its delivery couriers in Pennsylvania additional money for a limited time to cover some benefits that are normally reserved for full-time employees. DoorDash will make monthly contributions starting in July into an individual...
Posted: Apr 09, 2024