The Texas Department of Insurance says recently passed legislation raises the fee insurers must pay to the state organization that works to prevent automobile burglaries and thefts. A new law also changes Automobile Burglary and Theft Prevention Authority (ABTPA) to …
S&P Global Ratings says 2020 reinsurance pricing in the aftermath of California wildfires will likely rise as re/insurers are finding 2017-2018 losses from wildfires in that state to be higher than expected. The California wildfires of 2017-2018, with insured losses …
Columbus, Ohio-based Root Insurance has appointed Daniel Rosenthal as the company’s new chief financial officer, effective Nov. 11, 2019. Additionally, Root said Lauren Norelli has joined the company as managing director of Capital Markets and Corporate Development. Current CFO Cindy …
After devastating flooding this year, Iowa put $15 million into a special fund to help local governments recover and guard against future floods. Missouri allotted more money to fight rising waters, including $2 million to help buy a moveable floodwall …
The Illinois Insurance Pre-Licensing Program, an education training program operated by the Independent Insurance Agents of Illinois (IIA of IL), is now available for Illinois professionals looking to enter the insurance industry and for agencies and companies looking to add …
The Trump administration took a key step last week toward relaxing federal rules that govern the length of time truck drivers can spend behind the wheel, a move long sought by the trucking industry but opposed by safety advocates who …
One of 86 people who were killed in the deadliest wildfire in California history has been identified. The Butte County Sheriff’s office said on Friday it positively identified the remains of 68-year-old Judith Sipher of Paradise. That brings the total …
Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from 2013 to 2017, average TCOR …
The Florida Supreme Court has reversed course and decided not to hear a controversial case regarding the validity of certain language around assignment of benefit agreements, instead ruling that a law passed by the Florida Legislature this session, which took …
Forecasters with the National Oceanic and Atmospheric Administration who are monitoring oceanic and atmospheric patterns say with the demise of El Nino this summer, conditions are now more favorable for above-normal named storm activity for the rest of the hurricane …
