Smyth named CFO at Summit Summit Consulting, a workers’ compensation insurance manager, announced Patrick Smyth has been named chief financial officer. Smyth has served as a financial executive with Liberty Mutual and as a managing director with PricewaterhouseCoopers. He succeeds …
Weston companies are one. Company officials recently announced that Florida-based Weston Insurance Co. and Weston Specialty Insurance Co. have merged to form Weston Property & Casualty Insurance Co. The new firm has been assigned an “A” rating for financial stability …
If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are cautiously optimistic about the idea, but a few are wondering what a …
Investigators are focusing on human error as the likely reason a train struck a car at a crossing in Massachusetts late last week, killing the 68-year-old driver. Roberta Sausville was killed Friday when her vehicle was struck in Wilmington by …
Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines stamping offices. The increases represented record levels of premium ($51 billion) and transactions (5.3 million) since the stamping …
Shifting winds and increased humidity helped firefighters make progress against a blaze burning in rugged mountains near California’s Big Sur coast, authorities said. The Colorado Fire was 45% contained on Tuesday, according to the California Department of Forestry and Fire …
California Assemblyman Marc Levine (D-Marin County) on Tuesday introduced a bill to require insurance companies operating in California to disclose investments in fossil fuel-related entities as well as the fossil fuel-related companies and projects being underwritten. Assembly Bill 1694 expands …
State Farm paid more than $471 million in claims from frozen pipes in 2021, and more than two/thirds of claims can be rooted back to one state: Texas. The Lone Star State accounted for $343 million of frozen pipes claim …
The Texas Windstorm Insurance Association is inviting the public to comment on its vendor for catastrophe modeling services ahead of a Feb. 2 meeting where the TWIA Board of Directors will meet to consider a recommended vendor from the association’s …
Evanston Insurance Co. may yet be required to pay for damages under an excess liability policy following a 2014 fish oil plant explosion killed one man and injured others, the Mississippi Supreme Court said this week. The court reversed a …
