Monthly Archives: <span>July 2023</span>

Specialty P/C Insurers Outperform Their U.S. Peers: Report

U.S. property/casualty insurers that focused on difficult to place risks distanced themselves from their peers in key metrics measuring earnings, underwriting profitability, balance sheet growth and other indicators of success, according to S&P Global Market Intelligence. Kinsale Insurance Co., the …

Florida Insurers Have Until Aug. 1 to Show They Have Proper Claims Manuals, OIR Says

Florida property insurers now have a week to attest that they have and use claims-handling manuals that reflect industry practices and standards, the state Office of Insurance Regulation said in a bulletin. By Aug. 1, insurance carriers must submit a …

Tropical Storm Calvin Passed Over Hawaii, Leaving Minor Flooding in Its Wake

Tropical Storm Calvin brought high surf, heavy rain and gusts to parts of Hawaii`s Big Island on Wednesday, only inflicting minor damage. By late morning, the storm had passed to the west and the National Weather Service called off its …

Tennessee Firefighter Dead, 3 Others Hospitalized After Trapped in Burning House

A Tennessee firefighter died and three others were hospitalized after they became trapped while battling a house fire late Tuesday, fire officials said. Fire crews were called to a house fire on Rile Street around 11:30 p.m., the Memphis Fire …

Jury Awards Florida Girl Burned by McNugget $800,000 in Damages

A South Florida jury awarded $800,000 in damages to a little girl who received second-degree burns when a hot Chicken McNugget fell on her leg as her mother pulled away from the drive-thru of a McDonald`s restaurant. Lawyers for the …

Markets/Coverages: HUB International Launches Platform to Manage Insurance Needs of Franchisors, Fanchisees

HUB International Ltd. (HUB), the Chicago-based insurance brokerage and financial services firm, announced the launch of HUB Franchise Insurance Solutions, a digital platform to help franchisors and franchisees manage their insurance needs in one location. With HUB Franchisee Insurance Solutions, …

Microsoft Hit With EU Antitrust Complaint by German Rival Over Bundling of Teams App

Microsoft was hit with an EU antitrust complaint by German rival alfaview on Thursday, the second so far over its bundling of video app Teams into its Office product, as the bloc’s regulator prepares to investigate the U.S. tech giant. …

Coastal Construction, Rising Replacement Values Contribute to Costly Hurricane Claims

Insured losses from hurricanes have risen steadily over just the past 15 years, with nine of the 10 costliest hurricanes in U.S. history occurring since 2005, according to the Insurance Information Institute (Triple-I). U.S. population growth in hurricane-prone states, coupled …

New York City Agrees to Pay $13M to Settle Suits Over Arrests of 2020 Protesters

New York City has agreed to pay more than $13 million to settle a civil rights lawsuit brought on behalf of roughly 1,300 people who were arrested or beaten by police during racial injustice demonstrations that swept through the city …

Connecticut Man Wrongly Convicted in 1984 Shooting of Baby Sues New Haven and Police

A Connecticut man who was exonerated after serving 28 years in prison for killing a baby in 1994 has filed a lawsuit against the city of New Haven and six now-former police officers involved in his arrest. Adam Carmon, 51, …