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New Orleans residents who are facing daunting homeowners insurance deductibles that could keep them from repairing damage Hurricane Ida caused to their homes can apply for assistance through an unprecedented program the city is launching to keep people from being displaced by the storm. The city is opening up a $2 million fund to pay deductibles for…
WASHINGTON, D.C.- U.S. Senator Cindy Hyde-Smith today cosponsored legislation to require the Federal Emergency Management Agency to delay its National Flood Insurance Program Risk Rating 2.0 rollout until Sept. 30, 2022. The NFIP Risk Rating 2.0 Delay Act of 2021 was introduced in response to FEMA intent to allow the Oct. 1 launch of Risk Rating 2.0, its new rating…
–Conning's annual study of the property-casualty industry's loss reserves finds that the overall reserve position at year-end 2020 was healthier than it was at year-end 2019, although there were changes in reserve levels by line of business. "The property-casualty insurance industry's overall reserve position strengthened significantly in 2020,…
WASHINGTON, Sept. 30– The National Association of Professional Insurance Agents issued the following news release:. The National Association of Professional Insurance Agents has named State Auto Insurance Companies as the recipient of its prestigious 2021 Company Award of Excellence. Gerald Ladner, State Auto's Vice President of Strategic Agency…
The Florida Third District Court issued the following opinion on Sept. 29, 2021:. An Appeal from the Circuit Court for Miami-Dade County, Spencer Eig, Judge. Giasi Law, P.A., and Melissa A. Giasi and Erin M. Berger, for appellant.
That's why city officials were especially proud to announce last week that Tulsa is one of only two communities in the country to receive a Class 1 rating in the National Flood Insurance Program's Community Rating System. "It is a huge deal," said Paul Zachary, director of the city's Engineering Services Department. The city has been dealing with flooding from the…
–EIS, a core and digital platform provider for insurers, today announced the winner of the 2021 EIS Life Lessons Scholarship, organized by Life Happens, which provides educational resources to a student who is struggling financially. This year, the $5,000 scholarship has been awarded to Jaden, a 17- year-old student from California, who intends to use the funds to…
An Appeal from the Circuit Court for Miami-Dade County, Abby Cynamon, Judge. Giasi Law, P.A., and Melissa A. Giasi and Erin M. Berger, for appellants. Roig Lawyers, and Abbi Freifeld Carr, Veresa Jones Adams, and Jeffrey Geldens, for appellee.
New Orleans residents who are facing daunting homeowners insurance deductibles that could keep them from repairing damage Hurricane Ida caused to their homes can apply for assistance through an unprecedented program the city is launching to keep people from being displaced by the storm. The city is opening up a $2 million fund to pay deductibles for…
The World Bank today issued two 15- year green bonds- an AUD 274 million and NZD 241 million, both due September 2036. Listed alphabetically, The Dai-ichi Life Insurance Company, Fukoku Mutual Life Insurance Company, Nippon Life Insurance Company, and Sumitomo Life Insurance Company participated in the transaction. Jingdong Hua, Vice President and Treasurer,…
–World Insurance Associates LLC, a Top 100 Insurance Brokerage, announced today that it acquired Zodiac Insurance Services LLC of Shamong, NJ on September 1, 2021. Zodiac was founded in 2011 by David C. Wash and is licensed in 48 states. “At Zodiac, we are focused on client service, underwriting and program sustainability,” says David C. Wash, President, Zodiac.“ We are…
AM Best’ s Maura McGuigan will discuss enterprise risk management and environmental, social and governance factors at the annual conference of the American Association of State Compensation Insurance Funds. McGuigan, a director of criteria in the Credit Rating Criteria Research& Analytics department of AM Best, will lead a one-hour session, titled,“ AM Best’ s…
National Conference of Insurance Legislators Urges Congress to Pass NFIP Reauthorization Legislation
MANASQUAN, New Jersey, Sept. 30– The National Conference of Insurance Legislators issued the following news release:. "As we enter the second half of an already incredibly active hurricane season, it is essential that Congress pass, and President Biden signs, legislation reauthorizing the NFIP so that millions of consumers don't lose access to affordable flood…
WASHINGTON, Sept. 30– The National Association of Insurance Commissioners issued the following news release on Sept. 29, 2021:. The National Association of Insurance Commissioners today released the second volume of the 34th edition of the Insurance Department Resources Report. In terms of states with the most premium written in all lines of business,…
Ron Kind, D- Wisconsin, issued the following news release on Sept. 29, 2021:. Wisconsin saw an immediate impact from the passage of the ARP as new enrollment in ACA plans doubled, 116,000 Wisconsinites became eligible for lower cost plans, and monthly premiums fell by an average of 50%. Now, the Wisconsin lawmakers are urging House leadership to build on this progress…
The Science and Technology Directorate signed a Cooperative Research and Development Agreement with the Federal National Mortgage Association to carry out collaborative research related to flood insurance in support of the Federal Emergency Management Agency, Federal Insurance and Mitigation Administration. S&T and Fannie Mae will conduct joint…
U.S. Senator Cindy Hyde-Smith today cosponsored legislation to require the Federal Emergency Management Agency to delay its National Flood Insurance Program Risk Rating 2.0 rollout until Sept. 30, 2022. The NFIP Risk Rating 2.0 Delay Act of 2021 was introduced in response to FEMA intent to allow the Oct. 1 launch of Risk Rating 2.0, its new rating system for…
–AXA XL's North America Construction business has promoted three in its Subcontractor Default Insurance business including the appointments of Cyrus Manekshaw and Ian Sadler to Underwriting Directors and Cheri Hanes to SDI Construction Risk Engineering Manager. In their new Underwriting Director roles, Mr. Manekshaw and Mr. Sadler will be responsible…
