The California property insurance market is undergoing a dramatic shift. As admitted carriers restrict their appetite for business in the state—particularly in high-risk zones—surplus lines insurers are increasingly stepping in to write residential property insurance. As previously reported in Insurance …
Viewpoint: Earthquake Insurance and Surplus Lines: Clarifying A Legal Grey Zone Read More »
A New York man admitted he staged the theft of his own car in order to collect on his insurance funds Jonathan D. Martinelli pled guilty in May to a charge of third-degree insurance fraud in Union County Superior Court …
Man Staged Theft of His Own Vehicle for Insurance Money Read More »
When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four percent of …
Most Losses in Destructive Eaton Fire Tied to Conflagration Hazard, Report Shows Read More »
The European Union is mulling introducing secondary sanctions in an effort to prevent third countries from helping Russia circumvent the bloc’s existing punitive measures against Moscow, according to people familiar with the matter. The EU is working on a 19th …
EU Considers Secondary Sanctions to Hit Russia’s War Effort Read More »
An unusually broad coalition composed of the United States, its traditional English-speaking allies, and other nations including Germany, Italy and Japan is calling out three Chinese companies over alleged hacking activity. In a 37-page advisory published on Wednesday, the countries …
International Coalition Calls Out Three Chinese Companies Over Hacking Campaign Read More »
