FedNat Holding Company (FNHC), an insurance holding company, has completed its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (PIH), consisting of Maison Insurance Co., Maison Managers, Inc., and ClaimCor LLC (collectively, Maison), in a cash …
The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture fund. Openly’s first product is …
California Insurance Commissioner Ricardo Lara on Wednesday issued an emergency notice to all property/casualty insurers doing business in California requesting they expedite claims handling for wildfire survivors to help them begin the recovery and rebuilding process more quickly. “I have …
While the number of burned acres in 2019 is still well below the number reported last year through October, experts predict the greatest fire potential will occur from now through December as the Santa Ana winds pick up, A.M. Best …
A catastrophe modeler released figures on Wednesday showing how costly ongoing California blazes could potentially be as blustery winds make for increasingly dangerous fire risk up and down the state. Damages from the fires burning across California stand at $25.4 …
Damages from the fires ripping across California stand at $25.4 billion, and they’re bound to keep rising. The Kincade fire has cost $10.6 billion, while the tally in Southern California is $14.8 billion mainly from the Tick, Getty and Saddle …
Velocity Risk Underwriters LLC has expanded its home insurance products and now offers coastal homeowners policies in New Jersey. This makes New Jersey the sixth state where the company offers homeowners insurance to coastal customers who may find it difficult …
The head of an assistance program for Connecticut homeowners with crumbling foundations has delayed his departure from the organization. The Journal Inquirer reports that Michael Maglaras, superintendent of the Connecticut Foundation Solutions Indemnity Co., had originally planned to resign this …
Southern Fidelity Insurance Company, a regional insurance company serving consumers throughout the Southeast, is looking to recruit local agents in Mississippi after expanding into the state in July. The company, which has been doing business since 2005, said it is …
A national search is officially underway to replace the veteran insurance consultant who has overseen the rollout of an ongoing assistance program for Connecticut homeowners with crumbling foundations. Michael Maglaras recently announced he and his insurance and risk management consulting …
