Edgardo Cabrales Sr., 61, and his son, Edgar Cabrales Jr., 36, both of San Jose, California, were charged with five felony counts each of insurance fraud after a California Department of Insurance investigation found they allegedly underreported $12 million in …
Customer relationship-building is one of the greatest value drivers for insurance agents. A benchmark analysis from McKinsey & Co. found agents with deeper customer relationships have higher product density than those lacking in relationships — often cross-selling three or more …
Twenty-one people in nine states were arrested and charged Nov. 2 with their roles in conspiracies to steal catalytic converters from vehicles across the country and sell them for profit. According to the U.S. Department of Justice, law enforcement from …
Environmental, social and governance issues will grow in their influence in insurance industry decision-making as they become more important to stakeholders, according to a report from Fitch Ratings. For most insurance companies, environmental, social and governance (ESG) factors often are …
Independent insurance agencies with a blended remote and in-person work environment are discovering errors and omissions (E&O) issues that were rarely seen when everyone was in the office. Whether it’s employees working longer hours than intended from the comfort of …
As the renewable energy insurance market continues to grow, there are risk concerns including catastrophe exposures, inflation and supply chain challenges. The insurance industry is well aware of the risks and knows it will require increased underwriting, risk capacity and …
Wondering if you need flood insurance? There are maps for that. But some say the federal flood maps are inadequate and misleading, causing thousands of homeowners to avoid purchasing needed flood insurance. And even Federal Emergency Management Agency officials have …
Infowars host Alex Jones and his company were ordered by a judge on Nov. 10 to pay an extra $473 million for promoting false conspiracy theories about the Sandy Hook school massacre, bringing the total judgment against him in a …
As I am writing this article, AM Best reported another property/casualty insolvency this morning. If I am not mistaken, more P/C insolvencies and P/C carriers have become nonfunctioning over the past 12 months than in the last five years combined. …
New rules proposed by the U.S. Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors and officers (D&O) policies, panelists said during the Professional Liability Underwriting Society’s recent conference …
