The Michigan Department of Insurance and Financial Services (DIFS) will offer free town hall events for consumers about auto insurance. The town halls will take play Dec. 14 at 6 p.m. and Dec. 15 at 12 p.m. via Zoom. The …
British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant Bain Capital after it lost a member vote, and rival Royal London put forward an alternative proposal for the insurer. …
A property insurer has, for now, dodged an $18 million bullet on hail damage coverage for a South Florida condominium complex, after a state appeals court ruled partly in the carrier’s favor. In American Coastal Insurance Co. vs. Hanson’s Landing …
Alfredo Casas, 62, of Stockton, California, has been arraigned on 15 felony counts of insurance fraud, grand theft and tax evasion. Casas allegedly underreported payroll for his farm labor contracting business by over $1 million, resulting in a substantial loss …
The ruptured offshore pipeline that spilled tens of thousands of gallons of crude oil off the Southern California coast this fall did not have a fully functioning leak detection system at the time, according to a report obtained by The …
This edition of International People Moves covers appointments at W.R. Berkley and Chaucer. A summary of these new hires follows here. Markel’s Hastings Named President of W. R. Berkley Syndicate Management W. R. Berkley Corp. announced the appointment of James …
The property/casualty insurance industry is falling behind financial services and utilities providers when it comes to the digital customer experience. Throughout 2021, just 40 percent of claimants interacted with an estimator via digital channels and only 47 percent made a …
Consistent with Governor Larry Hogan’s commitment to address and mitigate the effects of climate change, the state of Maryland has joined the Sustainable Insurance Forum (SIF) of the United Nations Development Program (UNDP). The UNDP SIF is a global network …
Two conservation organizations have filed a federal lawsuit against Henrico County in Virginia, alleging the county allowed tens of millions of gallons of raw sewage to seep into the James River and its tributaries over the last five years. The …
The growing pace and sophistication of cyberattacks on U.S. public finance entities has led to rising costs and challenges in acquiring robust cyber insurance coverage. Fitch Ratings says public entities are increasingly required to undergo stringent security audits and adherence …
