The area in northern Colorado where a flash flood swept away a camping trailer, killing a woman and a child, received nearly an inch of rain in a matter of minutes. Frank Cooper, a National Weather Service meteorologist, tells the …
The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee recommended to the board of directors that there should be no change in residential or commercial insurance rates. The Actuarial & Underwriting Committee’s recommendation came after a 2022 Rate Adequacy Analysis …
AXA XL’s cyber insurance business announced the creation of two new roles and several regional underwriting management appointments. Rachel Rossini has assumed a new role as product manager for Cyber and Technology E&O and Vern Suckerman is stepping into to …
California Insurance Commissioner Ricardo Lara on Tuesday adopted and issued a rate for workers’ compensation insurance pure premium that he said reflects California’s still-recovering economy. Lara’s action maintains the benchmark rate at $1.45 per $100 of payroll for workers’ comp …
A Missouri man says in a class-action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its lifetime warranty on socks. Kent Slaughter of Springfield said that after years of exchanging his “Redhead Lifetime Guarantee All-Purpose Wool …
San Diego-based FutureProof Technologies has hired Joseph Strickland as head of underwriting. He was previously senior vice president at AIG’s Lexington Specialty Isurance Agency. FutureProof calls itself a “climate-smart property/casualty insurtech” and is backed by Axis Digital Ventures as well …
Wood-Dulohery Insurance, Inc., with operating locations in Parsons and Pittsburg, Kansas has merged effective July 1, 2022, with Insurance Center Inc. (ICI), headquartered in El Dorado, Kansas. Making the announcement, Bob Wood, president of Wood-Dulohery Insurance, said his partner and …
A state-chartered bailout fund is seeking to borrow $600 million after seven Louisiana insurers went bust following 2021’s Hurricane Ida. The Times-Picayune ‘ The New Orleans Advocate reports that the Louisiana Insurance Guaranty Association will seek approval of the plan …
A claimant seeking to recover directly from an insurer on default judgments for claims against the insurer’s policyholder, must abide by the insurer’s policy terms that mandate arbitration, the New Jersey Supreme Court has ruled. Property manager Crystal Point Condominium …
The Jensten Group has acquired UK broker Ravenhall Risk Solutions for an undisclosed sum. The deal, which is subject to approval by the FCA, bolsters Jensten’s regional presence in Yorkshire and is the Group’s latest step in its “buy and …
