An Iowa woman was charged with insurance fraud following an investigation by the Iowa Insurance Division’s Fraud Bureau. Amanda Riggle, age 45, of Red Oak was charged with one count of Insurance Fraud – Fraudulent Submissions (Class D Felony), Fraudulent …
The North Carolina Rate Bureau has requested an 83% average rate increase for mobile home fire policies and a 50% jump for mobile home casualty policies over the next three years. The MH-F increase request is 24.9% for 2024, 21.2% …
Five insurance companies have been ordered to pay $345 million to cover damages awarded to 20 men who said they were victims of sexual abuse at a prestigious boarding school in Georgia in the 1970s and 1980s. Floyd County Superior …
Maui Fire Department officials defended their initial response to what became the deadliest fire in Hawaii history, saying they stayed at the scene of the Aug. 8 blaze until it was fully extinguished. The officials commented at a press conference …
The Travelers Companies, Inc. today reported first quarter net income of $1.1 billion, compared to $975 million in the prior year quarter. Core income in the current quarter was up 14% to about $1.1 billion, compared to $970 million in …
A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire in a remote area, the company said. “An initial ignition of natural gas at the rupture site is now extinguished. …
Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their …
Berkshire Hathaway Specialty Insurance (BHSI), headquartered in Boston, expanded its global marine capabilities in the U.S., launching ocean marine Insurance. BHSI named Ben Wyatt as head of marine and Chris Frick as head of marine claims in the U.S. Wyatt, …
Boeing Co.’s safety culture will come under public scrutiny today as two separate Senate hearings pore over a whistleblower’s claims of poor assembly processes and shortcomings revealed in an extensive study commissioned by Congress. Besides the whistleblower — a Boeing …
Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer focused on casualty business. Under a long-term agreement, Aspen will be the sole cedent to Pando Re and PIMCO will …
