Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and industrial properties in Jamaica and Cuba, according to Boston-based Karen Clark & Co. in its …
KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion Read More »
Novo Insurance is launching in Arizona with month-to-month pricing tied to driving behavior. Novo uses a “Safety Score” based on how each vehicle is driven. Novo offers an “instant quote,” in which drivers get an upfront safe-driver program enrollment discount. …
Novo Car Insurance Based on Driving Behavior Launches in Arizona Read More »
The Collision Engineering Career Alliance partnered with El Camino College in Torrance, California to launch a collision engineering program. The aim is to help fill the more than 100,000 job openings expected through 2028 in the field. The two-year associate …
Collision Engineering Program Coming to LA to Address Auto Repair Gap Read More »
The Federal Aviation Administration on Thursday was working to hammer out details of an unprecedented plan to cut 10% of flights at 40 high-traffic U.S. airports to address safety concerns regarding air traffic controllers amid a record-setting federal government shutdown. …
FAA to Detail Flight Cut Plan at Major Airports on Friday Read More »
Mission, a group of specialty underwriters and program administrators based in Alpharetta, Georgia, announced it has launched Diamond Head Specialty Underwriting, a program administrator offering executive liability coverage for small businesses. The non-admitted product can provide directors and officers’ liability, …
Mission Launches New D&O and Other Liability Products for Small Businesses Read More »
Property insurance insights have traditionally relied on publicly available data. Common sources include deed records, weather data, MLS information, aerial imagery, and permit history, which have long formed the backbone of underwriting, pricing, and claims decisions. However, this data often …
The Biggest Blind Spot in Home Insurance: What’s Inside the House Read More »
Zurich Insurance does not expect any material financial losses from claims related to Hurricane Melissa, the insurer’s finance chief Claudia Cordioli said on Thursday. “A large number of members of those communities and businesses were uninsured. So you should expect …
Zurich Insurance Sees No Material Loss From Hurricane Melissa, CFO Says Read More »
All three of the Pennsylvania Supreme Court justices who sought reelection Tuesday will get another term, ensuring Democratic jurists keep their majority on the presidential battleground state’s highest court — one at the center of pivotal fights over voting rights, …
Pennsylvania Reelects Supreme Court Justices, Extending a Democratic Majority Read More »
Charlie Javice, who was convicted of defrauding JPMorgan Chase & Co., called the bank “hypocritical” for objecting to paying her legal bills, pointing out that it hired dozens of lawyers itself. JPMorgan has asked a Delaware court to end its …
Charlie Javice Accuses JPMorgan of ‘Hypocrisy’ on Legal Bills Read More »
Allstate Corp. third quarter 2025 net income applicable to common shareholders was about $3.7 billion, more then triple the $1.2 billion booked for the same quarter a year ago. Allstate’s Property-Liability business turned in a Q3 combined ratio more than …
Allstate More Than Triples Q3 Net Income to $3.7 Billion Read More »
