Lois Kolkhorst, a Republican from Brenham, said during a Senate committee hearing on Tuesday. Insurance companies are contending with more severe and more frequent disasters, Brown said- there were more severe storms in Texas last year than any other state. The median home price in Texas jumped 40% since 2019. "All this new value needs coverage, which results in…
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According to this new and final data analysis, total flood and wind losses are between $30.5 billion and $47.5 billion. Insured flood loss from the National Flood Insurance Program and private insurance for residential and commercial properties is estimated to be between $6 billion and $11 billion, which includes both re-evaluated storm surge and new…
The October issue of Best’ s Review features articles on the U.S. private passenger auto and commercial auto segments:. “Finding the Fast Lane: Pricing Helps Auto Insurers Navigate Roadblocks to Profitability in Difficult Market” focuses on some of the U.S. private passenger auto insurers that have had a direct combined ratio of under 100.“ Distracted Driving on…
Oct. 3— A title insurance company recently opened in downtown Valparaiso. Proper Title opened a temporary office in Valparaiso two years ago and found a 1,773- square-foot space on the second floor of the Stracks Bar and Grill building. The company now employs eight title professionals at its Northwest Indiana locations in Valparaiso and at 322 Indianapolis…
Oct. 3— A former Buffalo Police officer faces a year in jail after pleading guilty to falsely reporting his vehicle stolen last year. Dewayne Raye, 34, of Buffalo, pleaded guilty Thursday before Erie County Court Judge James Bargnesi to one count of fifth-degree insurance fraud. As a condition of the plea agreement, he submitted his resignation to the Buffalo…
Oct. 3— BELLAIRE— Antrim County held its last information session on the Public Safety Center proposal voters will see on the Nov. 5 ballot. The Michigan Department of Corrections, Workers Compensation, and the county's liability insurance company all say the jail is not in compliance with state and federal regulations. Once the average taxable value of a…
AM Best will host a complimentary webinar, titled,“ Loss Trends in Cyber Liability Insurance,” sponsored by Munich Re US, on Thursday, Oct. 17, 2024, at 2:00 p.m.. Rob Barlow, cyber underwriter, Munich Re US Maria Long, vice president, cyber underwriter and risk management portfolio leader, Munich Re Specialty– Global Markets Carolyn Purwin Ryan, partner, data privacy…
The city of Lake Oswego plans to remain in the National Flood Insurance Program despite additional requirements, according to direction the City Council provided at a meeting Tuesday, Oct. 1. The Federal Emergency Management Association is integrating wildlife protection within the program— which is the primary source of flood insurance in the United…
MADEIRA BEACH, Fla.– What was set to be a lucrative season for businesses on Pinellas County beaches may look very different now because of the damage Hurricane Helene left behind. Matthew Giordano has owned the Candy Kitchen for two years now. The Candy Kitchen doesn't have flood insurance, and they need help.
Houston is just one of five major cities in the U.S. where the cost of owning a house is still considered to be affordable by traditional standards, according to recent data. In Harris County, homeownership expenses– mortgage payment, homeowners insurance, mortgage insurance and property taxes– are about 25% of the average income before taxes, according to a…
CCC Intelligent Solutions Inc., a leading cloud platform powering the P&C insurance economy, today published its Crash Course Q3 2024 Report, identifying the key trends that will shape the auto claims and collision repair industry in 2025. The report examines pressing challenges such as the impact of inflation and labor shortages, the growing impact of…
Rivera is the director of business development at RGS Limited, a cyber liability insurance program management agency.
Despite escalating threat, execs slow to go for cyber insurance
U.S. business executives are more worried than ever about the risk of cyber threats and attacks, but slow to take measures.
If insurance companies want to use predictive formulas to justify wildfire insurance rate increases in California, they'll have to write more policies in high-risk areas, under sweeping reform measures currently underway in the state. Commissioner Ricardo Lara aims to address the limitations of California's Proposition 103, which permits insurers to…
FARMINGTON HILLS, Mich., Oct. 1, 2024/ PRNewswire-PRWeb/– Amerisure Insurance is pleased to announce the appointment of Matt Michalski as Vice President of Claims Programs& Shared Services. Prior to joining Amerisure, he held significant leadership positions at several prestigious insurance companies. "We are very excited to have Matt join Amerisure to lead our…
Whether it's to manage finances, accept payments or reach new customers, more small-business owners are optimizing their business operations with digital tools— leaving them increasingly vulnerable to digital security breaches and cyber attacks. Exposure to cyber attacks topped the list of the biggest worries small-business owners face, even…
PLANO, Texas, Oct. 1, 2024/ PRNewswire-PRWeb/– Insubuy, a global business specializing in international and domestic travel insurance solutions, is pleased to announce the launch of its new MyAccount mobile app, becoming one of the first travel insurance brokerages to offer the convenience and reassurance of a mobile application to its customers.
Insurance Workshop on Thursday September 12 was well attended, with over. The featured speakers were California. Department of Insurance representative Sharon Smith and Hemet insurance.
AM Best will host a market briefing on the state of the U.S. property/casualty and global reinsurance industries in conjunction with the American Property Casualty Insurers Association’ s Annual Meeting, on Monday, Oct. 7, 2024, at 2 p.m. CST at the Sheraton Grand Chicago Riverwalk in Chicago. At the market briefing, Greg Williams, senior director, and Greg…
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 published a data-driven analysis of the vital role that the title insurance industry plays in protecting the smooth functioning of the real estate economy in the…
