The Delaware Department of Insurance, along with insurance regulators for forty-eight other jurisdictions, have reached a multi-million dollar settlement with Assurant Inc. regarding the company’s writing of force-placed property insurance, of which Assurant is the nation’s largest writer. Force-placed property …
Maryland Insurance Commissioner Al Redmer, Jr. has announced that more than 1,700 Marylanders have been affected by the Penn Treaty liquidation that occurred in Pennsylvania. However, the Maryland guaranty association system has assumed responsibility for Maryland policyholders’ claims, subject to …
Concerns over price optimization are leading regulators to think carefully about the implications of longstanding practices in insurance rating, including premium “caps” on policy renewals for individuals, households and small businesses, according to one regulator. Charles Angell, deputy commissioner and …
CoverHound is getting into the rideshare insurance business. The online insurance comparison shopping platform has partnered with several large carriers to offer auto insurance quotes in 24 states for people who drive for rideshare services like Uber and Lyft. The …
AXA announced that Jad Ariss, currently CEO of AXA Middle East & Africa, has been appointed group head of Public Affairs & Corporate Responsibility. He will report in his new role to George Stansfield, group general secretary and a member …
It was the third hour of doing nothing that broke James Scott. The 25-year-old researcher was sitting at his desk at an insurance firm in northern England when the internet went down. And with it went access to all of …
Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a report published by Allianz Global Corporate & Specialty …
XL Catlin has raised its available terrorism insurance coverage limits to $250 million from $200 million, a 25 percent increase. XL Catlin’s standalone terrorism insurance policy helps U.S. businesses address potential insurance coverage gaps provided by the federal Terrorism Risk …
A North Carolina appeals court won’t revive a lawsuit by two former athletes who say they were harmed by sham classes at the University of North Carolina. The North Carolina Court of Appeals ruled Tuesday that a Charlotte-area judge properly …
Velocity Risk Underwriters has expanded its Florida products to include a landlords policy for rental properties (DP-3) for annual, seasonal, and vacation rentals. Velocity’s homeowners programs in Florida utilizes Texas-based State National Insurance Company. Velocity offers statewide coverage with a …
