At its most recent meeting, the Pomona City Council amended current street vendor rules and implemented additional regulations. Under the new guidelines, street vendors must have the following to sell food or merchandise in Pomona: a city business license; sidewalk vending permit for vending equipment such as push carts or wagons; liability insurance; a Los…
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The Washington Post published this editorial on Oct. 18. It was distributed by the Associated Press. With six weeks left in this hurricane season, the Small Business Administration's disaster loan program is already out of money.
The background: Virginia regulators say the state's insurance market is generally in better shape than in other states. What those calls reflect is what insurance insiders call a "hard market"- rising claims costs and consumer demand for more coverage that push premium rates higher, Virginia Commissioner of Insurance Scott White said. Everybody sees the news…
FEMA regulations require applicants who receive FEMA assistance to purchase flood insurance for future flood damage to any insurable property, states the FEMA website. Mark Friedlander, director, Corporate Communications, Insurance Information Institute, told Newsweek in an article headlined, "Helene Brings Flood Insurance Crisis as Majority of…
THE HARTFORD FINANCIAL SERVICES GROUP, INC.. Hartford Fire Insurance Company ratings are on positive outlook at Standard and Poor's and Moody's and on stable outlook at A.M. Best Hartford Life and Accident Insurance Company ratings are on positive outlook at Standard and Poor's and on stable outlook at A.M. Best and Moody's Navigators Insurance Company…
What those calls reflect is what insurance insiders call a "hard market"— rising claims costs and consumer demand for more coverage that push premium rates higher, Virginia Commissioner of Insurance Scott White said. Everybody sees the news down in Florida, California wildfire risk and the behavior of certain insurance companies to those exposures, "White said.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of First American Title Insurance Company and its title affiliates, which are referred to as First American Title Insurance Group. In addition, AM Best has affirmed the Long-Term ICR of“ bbb” of the parent holding company, First American Financial Corporation.
In its latest Issues Brief, Commercial Auto: Trends and Insights, Triple-I noted that the declines in underwriting profitability, despite relatively steady growth in premiums written, have been driven by several causes including that vehicles– both commercial vehicles and personal vehicles they collide with– have become increasingly expensive to repair.
Hurricane Milton was ripping through the Gulf's warm waters nearly 2,000 miles away, toward Florida. Louisiana's Insurance Commissioner Tim Temple, 1,500 miles away from home, mingled among the suits. It was a plea to get more insurers to enter the state— and for the industry in Bermuda to take on more of Louisiana's considerable risks.
Catastrophic inland flooding in North Carolina, South Carolina, and Tennessee has made headlines across the country in recent months. Nationally, 2,279 communities don't participate in the voluntary program that provides insurance against flood damage, according to the Federal Emergency Management Agency, and most homeowners policies won't cover flood…
Top state lawmakers plan to address soaring homeowners insurance premiums when they return to Austin in January for the next legislative session, according to the Houston Chronicle. The median home price in Texas has risen 40% in the past five years. ALARM SOUNDED OVER LANGUISHING FARM BILL Texas farmers, ranchers and lawmakers are voicing concerns that an…
The background: Virginia regulators say the state's insurance market is generally in better shape than in other states. What those calls reflect is what insurance insiders call a "hard market"- rising claims costs and consumer demand for more coverage that push premium rates higher, Virginia Commissioner of Insurance Scott White said. Everybody sees the news…
First American Financial Corporation, a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its industry, today announced financial results for the third quarter ended Sept. 30, 2024. Earnings per diluted share of$, or $1.34 per share on an adjusted basis Net investment losses of…
October 17, 2024, 9:00 a.m. ET. Greg Toczydlowski- Executive Vice President and President of Business Insurance Jeff Klenk- Executive Vice President and President of Bond& Specialty Insurance Michael Klein- Executive Vice President and President of Personal Insurance Abbe Goldstein- Senior Vice President of Investor Relations. This transcript is a…
Excerpts from recent editorials in the United States and abroad:. The Washington Post on taxpayers subsidizing flood insurance. It’ s funded by the premiums collected from policyholders but borrows from the U.S. treasury when claims it’ s obligated to pay outpace revenue, as is often the case.
Origami Risk, the industry-leading risk, safety and insurance Software as a Service technology firm, has been recognized in the 2024 Gartner ® Magic Quadrant SaaS P&C Core Platforms, North America. “While this marks the first time Origami Risk has been recognized in the Gartner Magic Quadrant for SaaS P&C Insurance Core Platforms, North America report, our Core…
Despite a manageable level of catastrophe activity during the first half of 2024, Canada’ s property/casualty insurers faced four major events in this year’ s third quarter which should lead to another record year for losses, according to a new AM Best report. Losses due to catastrophe events in 2023 are estimated to have reached CAD 3.1 billion, making it one of…
Iselande Desyr, 59, of Stamford was arrested last Thursday and charged with one count each of health insurance fraud and first-degree larceny, according to the state Division of Criminal Justice. Following her arrest, she was released on a $250,000 non-surety bond and is scheduled to appear in Bridgeport Superior Court on Oct. 29. The case was investigated by…
In 2017, a state law was passed that required establishments serving alcohol past 5 p.m. to carry a liquor liability insurance policy with total coverage of at least $1 million. Todd Miller, the owner of Community Crafthouse in Charleston, said when his policy recently came up for renewal the rates more than doubled. Many smaller establishments are in a…
Ocean Springs attorney Jay Foster is being sued in federal court by his legal malpractice insurer and in two state courts by women who are both named Dorothy Anderson. One Dorothy Anderson lives in Hattiesburg and says she retained Foster to represent her on a workers' compensation claim. The other Dorothy Anderson, who also had a workman's compensation claim,…
