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 …
This edition of International People Moves details appointments at Peak Re, Gallagher Re and the Cambridge Centre for Risk Studies. A summary of these new hires follows here. Peak Re Appoints Echo Re’s Nowakowski as Head of Product Underwriting for …
Alliant Adds Holly Waldhoff as Vice President Within Employees Benefits Group Alliant has added employee benefits consultant Holly Waldhoff as Vice President within its Employee Benefits Group. Based in Chicago, Waldhoff will create a full range of strategic employee benefits …
Direct-premium production for the U.S. P/C industry through the third quarter 2021 improved as insurers increased rates, but adverse trends in loss costs for many lines of business continue to dampen profitability. Through the first nine months of 2021, the …
After an employee of a Watertown, Connecticut metal fabrication company was electrocuted on July 14, 2021 while repairing a portable water heater, an inspection by the Occupational Safety and Health Administration (OSHA) found that his employer, PM Engineered Solutions Inc., …
