Louisiana insurers have paid or reserved to pay $13.1 billion on Hurricane Ida claims through June 30, 2022, the state’s department of insurance announced this week. Policyholders have filed 460,709 claims of all types from Hurricane Ida as of the …
The Louisiana Insurance Guaranty Association (LIGA) announced it is is streamlining its handling of claims for policyholders of insolvent insurers with advanced property estimating technology from Verisk. LIGA is using Verisk’s Xactware® property claims-handling solutions, including Xactimate® and XactAnalysis®, to …
Conspiracy theorist Alex Jones said Wednesday that he now understands it was irresponsible of him to declare the Sandy Hook Elementary School massacre a hoax and that he now believes it was “100% real,” a day after the parents of …
The woman who was in Daunte Wright’s vehicle when he was fatally shot by police in a Minneapolis suburb last year is suing the city and the former officer who killed him. The lawsuit says passenger Alayna Albrecht-Payton, 21, of …
Canopius Group Hires Roberta Sweeper to Lead US Application Support Team Canopius Group announced that it has expanded its technology capabilities with the addition of a US application support team as part of the company’s significant growth plans in the …
Liberty Mutual Holding Co. said it recorded a second quarter net loss of about $343 million compared with net income of nearly $770 million during the same period a year ago. CEO David H. Long said results were affected by …
Severe storms knocked out power to as many as 75,000 customers across Minnesota where power poles were toppled and winds gusted as high as 81 mph in the state’s southern region. The largest power outages were west of the Twin …
Allstate Corp. said it is accelerating its plan to increase auto insurance rates as it reported unprofitable results for the second quarter. Allstate booked a net loss of $1.04 billion in the second quarter compared with a net income profit …
Boston-based Safety Insurance touted a combined ratio of 92.1 and a win in a COVID-19 business interruption court case as highlights for its second quarter. However, second quarter net income was $7.9 million compared to $37.7 million for the comparable …
At-Bay Expands Insurance Offerings With Launch of Miscellaneous Professional Liability At-Bay announced the launch of its Miscellaneous Professional Liability (MPL) product, becoming the first to offer an automatically underwritten policy that customizes coverage and pricing across more than 50 diverse …
