The Pennsylvania Insurance Department (PID) reported that in 2024 it refused to approve $180.3 million in annual property/casualty (P/C) insurance premium increases in the state through its rate review processes. The PID said it rejected premium increases sought by insurers …
Pennsylvania Says It Blocked $180 Million in Auto, Home, Other P/C Insurance Hikes Read More »
World Insurance Associates LLC has acquired the business of Stern Insurance Group in Scottsdale, Arizona. SIG was founded in 1987 by Daryl Stern. The firm specializes in counseling corporations in the areas of employee benefits and risk management services. They …
World Insurance Associates Acquires Stern Insurance Group in Arizona Read More »
A jury found an East Quogue, New York woman guilty of arson for attempting to set three homes on fire in Hampton Bays in November 2023. Suffolk County District Attorney Raymond A. Tierney said that Amanda Burnside is due back …
Woman Found Guilty of Arson After Trying to Burn 3 Homes in Hamptons Read More »
The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose vehicle is damaged by one of its insureds. The Massachusetts Supreme Court in a 6-0 ruling has upheld dismissal of …
Diminished Value Not Covered by Standard Auto Policy, Massachusetts High Court Says Read More »
Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies. Since …
Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries Read More »
Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. This week …
Insurance Payouts at $4 Billion and Counting for LA Wildfires Read More »
The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to be aware of temporary flight restrictions, follow special air traffic procedures and comply with additional operational requirements that will be …
FAA Issues Urgent Guidance for General Aviation Pilots During New Orleans Super Bowl Read More »
Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and …
Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AI Read More »
Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …
Risk Strategies Acquires Michigan’s Comprehensive Benefits, Gabrielson Insurance Read More »
Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …
Musk’s DOGE Effort Spurs Copycat Push in Texas With New Bills Read More »
