Estimates for insured property losses associated with Hurricane Laura by catastrophe risk modeling firms Air Worldwide and Karen Clark and Co. (KCC) are similar — both fall into the $8 billion range — but they are not exactly the same. …
California’s State Compensation Insurance Fund will distribute a roughly $75 million dividend to its qualifying policyholders with policies that took effect between Jan. 1 and Aug. 26. The dividend equals roughly 10% of the estimated annual premium reported during that …
AXIS Insurance and AllDigital Specialty will launch an insurance platform designed for the U.S. small private company management liability market. AXIS will utilize AllDigital’s technology to quote, bind and issue policies in the U.S. AXIS will provide paper and capacity …
It is only a simulation. It’s also the worst-case scenario. One day, it could be reality. “Hurricane Phoenix” is the hypothetical disaster that would change life in the Tampa Bay area forever. Imagine a Category 5 storm that drowns South …
Rust-Ewing, Watt, & Haney Inc., a Texas City, Texas-based provider of personal and commercial insurance products, has reported that Rust-Ewing Insurance and Assurance One Insurance are being renamed Texas First Insurance, effective Sept. 1, 2020. The agency headquarters will remain …
A northern Indiana city that sits along the Wabash River is home to thousands more flood-prone homes and properties than are listed on federal floodplain maps, new research shows. The study by the First Street Foundation, a nonprofit research and …
An out-of-court settlement has been reached in a federal civil rights lawsuit filed by a man who said he suffered a serious brain injury during an arrest by an Otter Tail County, Minnesota, sheriff’s deputy. The attorney for Kameron Boudin …
Insurance adjusters who descended on Cedar Rapids, Iowa, after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos. Some of this is due to the COVID-19 …
A Delaware judge rebuffed efforts by both Cigna Corp. and Anthem Inc. to collect billions over their failed merger, saying Cigna had breached its obligations but the merger was likely to have been blocked on antitrust grounds anyway. Cigna, which …
A federal court in California has dismissed a lawsuit filed by a Los Angeles restaurant seeking business interruption losses from Travelers Indemnity due to coronavirus-related restrictions on its business. Judge Stephen Wilson of the U.S. District Court for Central California …
