In 2015, the Shilo Christian Center in Melbourne, Florida, cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms. Hurricane Matthew struck the next year, ripping the roof of the church and unleashing …
Florida property insurers are preparing for another assessment on premiums to help the Florida Insurance Guaranty Association fund outstanding claims from an insolvent insurer. The 1% emergency assessment on all premium for new and renewing policies, approved this month by …
Emergency crews extinguished a fire at a Georgia chemical plant shortly after 10 p.m. Saturday, allowing officials to lift a shelter-in-place order issued in the afternoon when the fire broke out for the second time in the day. The fire …
Bad-faith litigation is a hot topic in Florida following the passage of the new tort-reform measure known as House Bill 837. However, even in the face of reasonable legislative changes, it remains important for insurers and their adjusters to be …
Capitola in California has raised $15.6 million in its Series A funding round led by Munich Re Ventures. The firm reports this round will be used to grow Capitola’s platform with an emphasis on its market intelligence capabilities and to …
Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston Marathon. The devices detonated within seconds of each other, killing three people, injuring more than 260 others, and causing property …
California private security company owner Luis Burgos, 50, and his former business partner, Sohan Singh, 57, were charged for their alleged involvement in a workers’ compensation insurance fraud scheme after an investigation by the Central Valley Workers’ Compensation Fraud Task …
A truck containing hundreds of thousands of dollars worth of dimes was broken into while it was parked overnight at a Philadelphia store, and authorities say the thieves apparently made off with at least $100,000. The theft was reported around …
SANDWICH ACADEMY GRANT TOWNSHIP, Maine (AP) – Railway owner Canadian Pacific Kansas City is leading cleanup and track repairs following a freight train derailment and fire in Maine that sent three railway workers to the hospital for treatment, officials said …
Sompo Int’l Promotes Hyland to President of N. America Reinsurance, Succeeding Hanke Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the promotion of Margaret Hyland to president of North America Reinsurance. Hyland takes over …
