A Florida judge temporarily halted Florida’s Citizens Property Insurance Corp. from sending claims disputes to a state arbitration agency, but a notice of appeal by Citizens automatically suspended the judge’s order. Hillsborough County Circuit Judge Melissa Polo said the homeowner’s …
Florida Judge Blocks State Agency for Citizens Claims Disputes, But Insurer Appeals Read More »
Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …
Lemonade Posts Another Quarterly Loss but Car Growth Continues Read More »
A wildfire in California that covers two counties, and prompted evacuation orders and threatened hundreds of structures, has grown to 72,460 acres. The fire is threatening more than 870 structures, according to CalFire. At least three people have been injured …
California Wildfire Burns 72,460 Acres, Threatens Hundreds of Structures Read More »
This edition of International People Moves details appointments at Berkley Re UK and Aon. A summary of these new hires follows here. Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End W. R. Berkley Corp. announced the appointment …
Rotten wood and poor inspections appear to have played roles in the collapse of the mast of a historic Maine schooner in an accident that killed one person and injured several others, the U.S. Coast Guard said in a report …
Rotten Wood, Poor inspections Led to Deadly Maine Schooner Mast Collapse Read More »
Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas J.C. Flowers & Co. (JCF), a private equity investment firm that focuses on financial services investments, announced that investment vehicles affiliated with JCF — JCF Funds — have acquired Caleas …
Two lawsuits have been filed over the tragic fire at a Fall River, Massachusetts assisted living facility that took the lives of 10 residents and injured 30 others on July 13, making it the state’s deadliest residential fire in decades. …
Four Gabriel House Residents Sue Over Assisted Living Facility’s Deadly Fire Read More »
Hong Kong set a rainfall record for August after violent storms lashed the city on Tuesday, leading to flight delays and commuter chaos. About 356 millimeters (14 inches) of precipitation was recorded at the Hong Kong Observatory’s headquarters through to …
Hong Kong Sets Rainfall Record as Deluge Disrupts Flights Read More »
This post is part of a series sponsored by Expert Insured. Southern Insurance Underwriters (SIU) handles a high volume of emails every day – from submissions and endorsements to cancellations and quote requests. For a long time, those emails were …
How SIU Is Saving Over 1,000 Hours a Year by Automating Their Inbox Read More »
Aircraft lessor Air Lease Corp. reported a rise in second-quarter profit and revenue on Monday, due to a $344 million insurance claim settlement plus robust aircraft rental demand. Aircraft lessors have benefited from strong lease rates as airlines rush to …
Air Lease Profit, Revenue Rise on Insurance Payout and Aircraft Demand Read More »
