Just as many Florida property insurers had hoped to see a boost to the private market with a maximum rate increase for Citizens Property Insurance Corp., state regulators have slashed the rate hike by more than half. After an unusually …
Florida OIR Approves Smaller Average Rate Increases for Citizens This Year Read More »
If there is a single bright spot to be found in the aftermath of the costliest wildfire in California’s history, it is that both the property/casualty insurance industry and the independent agents who serve as its personal point of contact …
IMA Financial Group named Kendall Empey president, Salt Lake City and market leader for Utah. Empey oversees employee benefits and property/casualty activities in the Utah market. Empey has experience in operations and running both large and regional brokers. He most …
People Moves: IMA Names Empey President, Salt Lake City and Utah Market Leader Read More »
Federal officials will investigate a commuter train fire in Philadelphia this week in which more than 300 passengers were safely evacuated. The National Transportation Safety Board announced Friday that it will look into the blaze, which was reported about 6 …
Passengers Safely Evacuated When Fire Engulfs Train in Philadelphia Read More »
UMass said it would pay a student the $10,000 prize for a halftime promotion at a women’s basketball game after a dispute with an insurance company over whether he stepped over the line when he made a half-court shot. Noah …
UMass Pays Out $10K After Tiff With Insurer Over Student’s Prize for Half-Court Shot Read More »
Meteorologists are warning of an elevated risk of dangerous debris flows and destructive mudslides in Southern California next week in areas scorched by destructive Los Angeles wildfires. AccuWeather meteorologists expect between 2 inches and 4 inches of rain near the …
AccuWeather: Elevated Risk of Mudslides at LA Wildfire Burn Scars From Coming Storm Read More »
Crest Insurance announced the acquisition Horizon Insurance Services, a full-service insurance agency based in Houston, Texas. The move marks Crest’s 20th office nationwide and its second in the state of Texas. With the addition of the Houston office, Crest continues …
Crest Acquires Texas’ Horizon Insurance Services Read More »
Hub International announced that it has acquired the assets of Mayfield Insurance, Inc. (Mayfield Insurance). Terms of the transaction were not disclosed. Based in Mooresville, Indiana, Mayfield Insurance is an independent insurance agency offering comprehensive commercial and personal insurance, including …
Hub Acquires Indiana’s Mayfield Read More »
Billionaire investor Bill Ackman pledged to cover the legal fees for a Texas doctor in a dispute with UnitedHealth Group Inc. over her claims that the company asked her to scrub out of an operation to justify a patient’s care. …
Ackman Backs Doctor as His Fight With UnitedHealth Escalates Read More »
A new report highlights how cybersecurity gaps threaten critical services and policyholder trust, according to SecurityScorecard. Of the top 150 insurance companies involved in third-party attack vectors, 59% exposed critical vulnerabilities in the sector’s supply chain, more than double the …
Third-Party Attack Vectors Responsible for 59% of Insurance Breaches Read More »
