AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of South China Insurance Co., Ltd.. The company’ s adjusted capital and surplus, including special reserves provisioned for the non-compulsory auto liability insurance business, expanded by 23% to TWD 8,458 million in 2023. South China Insurance has maintained…
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Colo. lawsuit: Does Hertz qualify as an insurer?
A rental car accident spurs the question of whether Hertz qualifies as an insurer. The Colorado Supreme Court is due to take up the case.
Mercury Insurance, a leading provider of property and casualty insurance, announced today that the company will begin writing new homeowners insurance policies in the town of Paradise, California. Mercury is the first major insurance company to begin offering policies to Paradise homeowners since the town was engulfed by the Camp Fire in November 2018.
Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty and specialty insurance and reinsurance solutions, today announced that Jim Williamson, Executive Vice President and Group Chief Operating Officer, has been named Acting CEO, and accordingly has joined Everest’ s Board of Directors, both with immediate effect.
A high-level overview designed with students, new employees and prospects in mind, the guide furthers the magazine’s mission to inform readers about the workings of the insurance industry, particularly in the United States. “AM Best: Social Inflation, Driver Shortage, Inexperience Compound Commercial Auto Difficulties” analyzes previous years of…
Simplex 3 D, a leading global platform provider for urban planning, announced its expansion into the United States, and a strategic relationship with First American Title Insurance Company, one of the largest title insurers in the nation and the principal subsidiary of First American Financial Corporation. Simplex 3 D offers one of the world’ s…
Filed Pursuant to Rule 424 Registration No. 333-278539 PROSPECTUS SUPPLEMENT $25,000,000 Common Stock ___________________________ We have entered into a sales agreement, or the Sales Agreement, with Janney Montgomery Scott LLC, or the Agent, relating to the sale of shares of our common stock offered by this prospectus supplement and the accompanying…
Two years ago, with insurance costs skyrocketing, Florida legislators called a special session, vowing to provide relief. The Republican lawmakers who control the state had spent years ignoring warnings from industry experts who had begged them to spend serious time on this complicated issue, opting instead to wage culture wars with everyone from Disney to…
—Oregon homeowners who live in certain high-risk wildfire areas defined by the state must now meet new building codes and reduce vegetation around their homes under new“ wildfire hazard maps” unveiled Tuesday. The state-developed maps— which will not affect homeowners’ insurance rates, under Oregon law— create new rules for those living in the most fire-prone…
Innovative City Planning and State Officials' Leadership Pave the Way for Mercury Insurance to Begin Offering Homeowners Coverage to Paradise Residents in the Wake of Catastrophic Wildfire. PARADISE, Calif., Jan. 7, 2025/ PRNewswire-PRWeb/– Mercury Insurance, a leading provider of property and casualty insurance, announced today that the company will begin…
AmTrust Title Insurance Company, a wholly owned subsidiary of AmTrust Financial Services, Inc., today announced the appointment of Steven Presley, Esq., as Florida State Counsel to support AmTrust Title’ s continued expansion in the Florida market. “Steven’ s deep understanding of Florida real estate law and his commitment to agent education and support align…
The Nevada Division of Insurance is proud to announce that its Consumer Services section has recovered a total of $9,400,385.97 for Nevada consumers during Calendar Year 2024. "Their dedication to resolving consumer issues has resulted in recoveries that surpass previous Fiscal Year records, further highlighting the Division's unwavering commitment…
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…
A Southern California homeowner is suing Liberty Mutual Insurance Co. for canceling her longstanding insurance policy, accusing the company of dropping her for bogus reasons. In the proposed class-action lawsuit, Maria Badin said she had been a Liberty Mutual customer since 1993, when she bought her home in Poway. "Driven by a desire to maximize profits,…
Florida court rules against ‘direction to pay’ strategy in roof repair claim
A Florida appeals court sided with a lower court ruling this week that a “direction to pay” does not constitute an assignment of benefits in a disputed roof-repair claim.
Kruger previously was a DFL 2024 Minnesota House candidate for District 26 A in southeast Minnesota. Minnesota Lawyers Mutual Insurance Co., a Minneapolis- based provider of professional liability insurance for attorneys, announced the appointment of Suzanne Robinson as president and CEO, effective Jan. 6, and succeeding Paul Ablan. Catholic Charities Twin…
Louisiana currently has the most expensive auto insurance in the nation— a $2,883 average per year, according to insure.com. Other expensive southern states are Florida, Kentucky and Oklahoma. Texas is at $2,043; Mississippi at $2,008; and Arkansas at $1,957.
Tony Evers on Jan. 3 signed Executive Order No. 250, in coordination with the Wisconsin Departments of Natural Resources, Administration, and Transportation, to comply with National Flood Insurance Program guidelines for floodplain management regulations on state-owned properties. As no state statute, administrative code, or prior executive order…
That "s what a South Florida Sun Sentinel analysis of insurance market share data from the third quarter of 2024 shows. The newly required data, also released by the Office of Insurance Regulation, provides the ability to calculate statewide average premiums that don "t reflect the higher costs of covering homes in South Florida, or the lower costs of covering…
On January 1, several new laws went into effect in North Carolina. Another notable law, Senate Bill 452, raises the minimum liability insurance requirements for drivers in North Carolina from $30,000 to $50,000 per person and $60,000 to $100,000 per accident. While Gov. Cooper vetoed the bill due to associated provisions affecting school athletics, he…
