The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee met on December 6 to review best and final offers from respondents to the Association’s request for proposals for reinsurance broker services. The Committee voted to recommend to TWIA’s Board of …
Snowfall reached nearly 1 foot on Sunday, Dec. 5 in some parts of northern Minnesota. The Minnesota State Patrol reported hundreds of car crashes during the storm. Authorities said 26 of the crashes resulted in injuries, but no fatalities were …
Memphis-based Sedgwick, the national claims management and benefits firm, announced it had elevated two longtime officers to new positions. Micheon Balmer will be managing director over Sedgwick’s national pooling operations in California, Michigan and Texas and will oversee specialty business. …
Hillcrest Insurance Agency in Mount Dora, Florida, is now part of the Renaissance Alliance, a network of independent agencies. Hillcrest offers coverage for construction, homeowners’ associations, restaurants, houses of worship and campgrounds. Renaissance, with offices in Southborough, Massachusetts, and Miramar, …
Citizens Property Insurance Corp. officials have spoken extensively about the need to depopulate the insurer’s rolls and reduce its dramatic growth rate, and the measures Florida lawmakers can take to help with that. Ideas discussed in recent months include allowing …
Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the bankruptcy system. …
A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report issued Monday. The Office of the Comptroller …
A six-story condominium building that was the subject of resident complaints dating back to June 2020 has been evacuated in a Milwaukee suburb after engineers found the structure was in imminent danger of collapsing. Police and firefighters cleared the 48-unit …
Farrukh Hussain, 37, of Eastvale, California, was arraigned on 14 felony counts of insurance fraud after allegedly stealing consumers’ identities to file 14 fraudulent insurance claims with six different insurance companies using a “paper collision” scheme – meaning most of …
Just before Missouri Gov. Mike Parson condemned a St. Louis Post-Dispatch reporter for exposing a state database flaw, records show the state Department of Elementary and Secondary Education was instead preparing to thank him for finding the glitch. The Post-Dispatch …
