The“ it” in this scenario is liquor liability insurance, and it’ s a topic that has increasingly been on the tongues of bar, restaurant and venue owners across South Carolina in recent years, as rates for the insurance have continued to climb. In the law’ s wake, restaurateurs say some insurers have left the market in South Carolina in the last several years, thereby…
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Jan. 11— The devastating wildfires in California have brought reports that insurers had recently dropped the policies covering thousands of Los Angeles area homes to the forefront. According to Aaron VanTuyl, a public affairs manager at the Washington State Office of the Insurance Commissioner, Washington hasn't seen a similar mass cancellation of…
My book "Delay, Deny, Defend: Why Insurance Companies Don't Pay Claims and What You Can Do About It," was thrust into the spotlight recently, after UnitedHealthcare CEO Brian Thompson was shot and killed in what authorities say was a targeted attack outside the company's annual investors conference. Investigators at the scene found bullet casings inscribed with…
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a region already abandoned by many insurers. Analysts at JPMorgan estimated that the total cost of damage and insured damage had doubled in less than 24 hours to $50 billion and…
Senate Bill 58, sponsored by State Senators Terry Johnson and Theresa Gavarone, prohibits requiring fees or firearms liability insurance for the possession of firearms, or fees for the possession of knives, and to enact the Second Amendment Financial Privacy Act. Senate Bill 158, sponsored by State Senator Jerry Cirino, adds a judge to the Adams County Court…
KBRA releases research assessing the impact of the Los Angeles wildfires on the California insurance market. Over the last several days, the Los Angeles area has experienced unprecedented wildfire activity, with multiple outbreaks across the region. The Los Angeles wildfires are expected to be a major catastrophe event for the insurance industry.
As filed with the Securities and Exchange Commission on January 10, 2025.. 1 Linkong Er Road, Shunyi District, Beijing. William S. Rosenstadt, Esq. Mengyi "Jason" Ye, Esq. Ortoli Rosenstadt LLP 366 Madison Avenue, 3 rd Floor New York, NY 10017 212-588-0022.
My book“ Delay, Deny, Defend: Why Insurance Companies Don’ t Pay Claims and What You Can Do About It” was thrust into the spotlight recently, after UnitedHealthcare CEO Brian Thompson was shot and killed in what authorities say was a targeted attack outside the company’ s annual investors conference. Investigators at the scene found bullet casings inscribed with…
The Fifth District Court of Appeal in Daytona Beach ruled that a "direction to pay" by a policyholder does not by itself represent an "assignment of benefits", upholding Senate Bill 2- A from 2023.. The bill's goal was to avoid third parties suing insurers just to make a profit— a practice that's been common in Florida over the past decades. According to a report by…
While we were merrily distracted, tens of thousands of Florida homeowners received letters bumping them into high-risk flood zones. The Federal Emergency Management Agency released its widely anticipated new flood risk maps on Dec. 20, and unsuspecting residents learned that they may now be required to buy flood insurance. In Palm Beach County alone, more…
In wake of fires, Calif. issues 1-year moratorium on insurance cancellations
The mandatory one-year moratorium prevents homeowners insurance cancellations and nonrenewals in affected areas of Southern California.
COLUMBUS- Ohio Governor Mike DeWine signed the following bills into law:. Senate Bill 58, sponsored by State Senators Terry Johnson and Theresa Gavarone, prohibits requiring fees or firearms liability insurance for the possession of firearms, or fees for the possession of knives, and to enact the Second Amendment Financial Privacy Act.Senate Bill 63,…
The devastating wildfires burning through Los Angeles County this week are stoking concerns that California "s already faltering home insurance market could be thrown into deeper turmoil. But with the changes yet to take full effect, experts say the billions of dollars in expected new insurance claims in Southern California could translate to fewer…
—The wildfires that destroyed homes in multiple sections of the Los Angeles area will test California’ s efforts to stabilize the state’ s insurance marketplace after many insurers stopped issuing residential policies due to the high fire risk. One area likely to feel the impact— and encounter challenges rebuilding— is Pacific Palisades, an affluent community…
AM Best expects insured losses from the California wildfires to be significant, with more-concentrated individual insurers likely to be more negatively impacted. “California residents have dealt with an increasing variety of severe weather events in recent years such as wildfires, along with a prolonged drought and multiple flooding events caused by…
My book“ Delay, Deny, Defend: Why Insurance Companies Don’ t Pay Claims and What You Can Do About It” was thrust into the spotlight recently, after UnitedHealthcare CEO Brian Thompson was shot and killed in what authorities say was a targeted attack outside the company’ s annual investors conference. Investigators at the scene found bullet casings inscribed with…
“After this, who knows if I’ m insurable anymore,” Scanlon said while resting beside his house, well within the fire evacuation zone.“ If we can’ t get insurance up here, our property values will plummet, and in California, that’ s our nest egg.”. After years of skyrocketing rates, a deluge of policy cancellations and insurer departures from the California market, some expect…
California property insurers are acting as financial first responders to help their impacted customers recover from the wildfires devastating the metro Los Angeles area, according to the Insurance Information Institute. Please note that California regulations require property insurers to immediately pay policyholders a minimum of one-third of the…
Wildfires rage as insurers weigh risk; Liberty Mutual to reduce coverage
These latest California fires hit at a time when property insurers have been canceling coverage in the Golden State, leaving thousands of property owners at risk.
Members of the 1975 Winter Wonderland Ball Court at Columbus High School were Tammy Dartt, Mary Miller, Debbie Voss, Mary Tobison, Colleen Powers, Pat Daley, Joel Wolfgram, Pat Hickey, Jim Hein, and Phil Jaeger. Ron and Marcella Steindel were made employees of the city of Columbus and would be covered by city liability insurance coverage. Duff Bros. is a family business…
