Property and Casualty News
Property and Casualty News RSS Get our newsletter

Ho-Chunk Nation Sues Insurers Over Pandemic Claim Denials

Property and Casualty News No comments.

The Ho-Chunk Nation, which operates casinos, hotels, restaurants and other businesses across Wisconsin, is suing its insurers over denials of its business interruption insurance claims brought on by the COVID-19 pandemic.

Read more

–Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, today introduced the new Aon Executive Committee. The four solution lines include: Commercial Risk Solutions, Health Solutions, Reinsurance Solutions and Wealth Solutions. Global solution lines will play a critical role in understanding…

The storm, which likely had wind speeds of more than 60 mph, hit Redby and Red Lake particularly hard. The towns of Blackduck, Tenstrike and Pennington, along with parts of southeast Beltrami and Cass County also experienced the severe weather, National Weather Service Grand Forks meteorologist Carl Jones said. Georgia Downwind, who lives between Redby and Red…
Diversity starts with inclusion, a speaker told NAIFA members recently.

The new law requires insurance companies to monitor and correct biases against protected classes in their use of third-party data and analytics, but does not ban using data such as credit history in setting individual rates.
Aon and Willis Towers Watson say they are calling off merger plans.

Aon and Willis Towers Watson are abandoning their $30 billion merger plan, terminating an agreement that could have made the combined company the world’s largest insurance broker.

Stretching across two vast canvases next to the memorial in Surfside, the Cubist-inspired painting is a jagged expression of grief and horror. The artist, Roberto Marquez, has been working on it for weeks. “I want this to serve as a witness to what happened here,” the Dallas painter said, painting a line of dark blue near an arm stretched upward from the ruins.

In the town of Bowman, it also floods. Other streets that typically flood during heavy rains are Reesville Road, Dibble Street, Tupelo Street, Canal Street, Ann Street and Rail Street. Bowman Councilman Ike Carter says flooding has been a problem in Bowman for decades, but has gotten worse over recent years.

A judge in Los Angeles ruled that Insurance Commissioner Ricardo Lara has the right to force the California FAIR Plan— the so-called “insurer of last resort”— to offer more expansive coverage that resembles typical homeowners' policies. The decision by Judge Mary Stroble in Los Angeles Superior Court comes as another difficult wildfire season grips the state.

FORT LAUDERDALE, Fla., July 20, 2021/ PRNewswire-HISPANIC PR WIRE/– Americans will spend more preparing for natural disasters in 2021 than they did in 2020, and the reason is simple: COVID-19 showed just how scary life can be when you don’t have enough supplies and planning. “Even during the pandemic, we saw how Americans were changing their spending and saving…

AmGeneral is currently 51%- owned by AmBank Group and 49%- owned by Insurance Australia Group. Subject to receiving appropriate regulatory approvals, Liberty Insurance Berhad will acquire 100% shares of AmGeneral, and AmBank Group’s share of the sale proceeds will be in the form of cash and consideration shares, which will result in AmBank Group holding a 30%…
Prosecutors say a New York man stole $420,000 worth of life insurance from one victim.

A long-running investigation into a San Diego-area auto insurance fraud ring involving staged collisions and thefts has resulted in charges against 32 defendants and uncovered $822,000 in losses, state officials said Friday.

JACKSON, Miss.- Commissioner of Insurance Mike Chaney is encouraging Mississippians to take stock of their possessions and document those items using a new cellphone app. The National Association of Insurance Commissioners launched the new Home Inventory App earlier this year. The NAIC Home Inventory App can be accessed from the App Store and Google Play.

A veterinary hospital in Port Royal is looking at an estimated $1 million in renovation costs after a tornado spawned by Tropical Storm Elsa sent several trees crashing through its attic and into its first-floor operating room, its owners say. Marikay Campbell and her wife, Shelia Ellis, have run the Port Royal Veterinary Hospital with Shelia’ s ex-husband,…

It's a refrain being heard increasingly this summer from Silicon Valley to the Sierra, Southern California to Shasta County. California is on edge. In 2020, a record 4.3 million acres burned statewide— 1 out of every 24 acres in California. Those fires, some of which began during freak dry lightning storms in August, killed 33 people, destroyed more than 10,000…

Robert Mongeluzzi, attorney in the Tropicana parking garage collapse in Atlantic City in 2003, now representing several families after the Champlain Towers collapse in Surfside, Florida. A Florida courthouse will begin undergoing repairs because of safety concerns found during a review prompted by the deadly collapse of a nearby condo building.

Even though he has a good driver discount, the 53- year-old Detroit resident admits to having a poor credit history, and credit history is typically a big factor in auto insurance rates in Michigan, especially high-cost urban areas like Detroit. His new company, a small carrier known as CURE Auto Insurance or Citizens United Reciprocal Exchange, entered…

Local and federal government agencies are making their way around metro Detroit to as many homes affected by recent flooding as possible, talking to homeowners and recording data. Several assessment teams made up of the Federal Emergency Management Agency, Michigan State Police-Emergency Management and Homeland Security Division, the U.S. Small Business…

Ron DeSantis said Wednesday that condominiums in Florida are“ kind of a dime a dozen, particularly in southern Florida,” but he would not commit to any state action to address concerns about the aging buildings, suggesting that Champlain Towers South“ had problems from the start.”. Speaking after a briefing on Tropical Storm Elsa at the state Emergency Operations…

On the forecast track, Elsa will move over Georgia Wednesday evening, over South Carolina early Thursday, over North Carolina later on Thursday, and move near or over the mid- Atlantic coast on Friday. A Tropical Storm Watch is in effect for Pender, New Hanover, and Brunswick County and the coastal marine waters from Surf City to Little River Inlet.

Roy Cooper and state emergency management officials are monitoring the forecast track and potential impacts from Tropical Storm Elsa and advising residents in eastern and central North Carolina to be prepared for significant rains and possible flooding, according to a press release from the governor's office. “Residents and visitors to North Carolina…

—In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks they themselves apparently suffered. Cybercriminals who hack into corporate and government networks to steal sensitive data for…

WASHINGTON, July 3– The American Property Casualty Insurance Association issued the following news release on July 2, 2021:. The American Property Casualty Insurance Association today announced its Principles of Good Insurance Regulation, which were adopted by its Board of Directors this week. “APCIA is committed to fostering a state-based insurance…

United Insurance Holdings Corp., a property and casualty insurance holding company, today announced estimated current year catastrophe losses incurred during the second quarter ending June 30, 2021, of approximately $40 million before income taxes, net of expected reinsurance recoveries. Founded in 1999, UPC Insurance is an insurance holding company…

Jun. 29— As the ravages of climate change are making new headlines in the record breaking heat wave in the Northwest, California continues to grapple with our own climate-fueled disaster: wildfires and how to prevent them. Last year, acknowledging a documented need for more prescribed burns, California fire agencies and the U.S. Forest Service agreed on a plan to…

Jun. 28— Gusty winds and periods of heavy rain are expected this afternoon and tonight as a tropical system moves into The T&D Region. A tropical system off the South Carolina coast is forecast to strengthen into Tropical Storm Danny before making landfall along the central and southern South Carolina coast, according to the National Weather Service.

–Morgan& Morgan and Saltz, Mongeluzzi& Bendesky are investigating and exploring potential legal action regarding last week’s collapse of a highrise condo building in Surfside, Florida. Officials said 55 of the 136 apartments in Champlain Towers South Condos on Collins Avenue collapsed early Thursday morning. The firms have also litigated the FIU bridge…

Red Cross: A customer service center at Ranch View Elementary School, 1651 Ranchview Drive, is open every night until 8 p.m. to provide information and cleaning kits. Good Shepherd Church: The 1310 Shepherd Drive church in Naperville is taking information from those in need of assistance or those interested in volunteering to help at…

–American travelers are flocking to the Caribbean like never before due to ongoing border closures. Caribbean countries comprise 8 of the top 10 summer travel destinations, according to travel insurance comparison site, Squaremouth.com. Turks and Caicos is the fastest-growing Caribbean destination, with a 2000% increase in travelers since 2019 US…

The sharp policy growth, just as hurricane season gets underway, increases the risk that Citizens’ $6.4 billion surplus won’ t be able to cover all claims if a catastrophe strikes South Florida or other populated areas of the state. “The market is upside down,” said Ryan Papy, president of the Palmetto- based agency Keyes Insurance.“ We are writing hundreds of Citizens…
Kobe Bryant #24 of the Los Angeles Lakers poses for a photo in front of the helicopter he took to his last game against the Utah Jazz on April 13, 2016 at Staples Center in Los Angeles, Calif. (Photo by Andrew D. Bernstein/NBAE via Getty Images)

Vanessa Bryant, her children and relatives of other victims filed a settlement agreement notice Tuesday with a federal judge in Los Angeles but terms of the confidential deal weren’t disclosed.

A Deltona resident will receive $250,000 from settling a lawsuit with the city, nearly three years after raw sewage flooded the house in District 4. The City Commission unanimously approved the settlement agreement Monday night, about a business week after a judge filed an order directing the city to move forward with the agreement or face being held in…

Jun. 21— Kimberly Weigand said she was visiting a neighbor at the Forest Oaks Mobile Home Park in Liberty Township when shortly before 1 a.m. Monday they heard high winds and a crash. Affected communities in Northwest Indiana included Cedar Lake, Chesterton, Crown Point, Dyer, Gary, Griffith, Hammond, Hobart, LaPorte, Merrillville, Michigan City, Munster, Portage, St….

“Climate change and sprawl in the wildland urban interface are driving up both the economic and human cost of wildfires in California,” the authors explain. California already imposes strict growth limits, which lessen the amount of developable land. The result is California has the highest housing prices in the nation and faces vast shortages and a growing…

–Georgia Power crews are responding to scattered outages this morning as a result of heavy rain and gusty winds overnight associated with the remnants of Tropical Storm Claudette. Approximately 5,000 customers are currently without power as the weather system continues to move east across central and north Georgia. Severe weather can happen anytime…

Jun. 19— A new study of federal weather data shows tornado activity in Tennessee and Georgia has increased by almost 36% in the past decade compared to activity from 2000-2009.. “We looked at the number of tornadoes in both Georgia and Tennessee over a 20- year period,” company spokesperson Nathan Barber said, relating the national study to the Chattanooga region.

Jun. 3— The federal government began accepting disaster recovery claims Thursday for residents and business owners who suffered property damage following torrential rain that washed across Louisiana last month. President Joe Biden approved the state's request for federal support late Wednesday in response to a mid-May deluge that impacted nearly 3,000…

—Officials from California, New York and other states urged the Environmental Protection Agency on Wednesday to allow California to set its own automobile tailpipe pollution standards, an action that would reverse a Trump administration policy and could help usher in stricter emissions standards for new passenger vehicles nationwide.

SafeAuto, one of the largest players in the so-called nonstandard auto insurance market, will be folded into Allstate subsidiary National General Holdings. Northbrook- based Allstate acquired National General, formerly known as GMAC Insurance, for $4 billion in early January. Founded in 1993, Columbus, Ohio- based SafeAuto provides state-minimum auto…

–SafeAuto has agreed to be acquired by The Allstate Corporation through Allstate subsidiary National General. SafeAuto will add capabilities and distribution with its 24 hour, 7 days a week customer contact centers at 1-800- SafeAuto and its website. Ari Deshe, Co-Founder and Chairman of SafeAuto said, “I am confident that combining forces with National…

—Residents of the East Aldine neighborhood of Houston are tired of their homes flooding during hurricanes and of worrying every time it rains because their streets and waterways don't drain well. Like the rest of the Houston area, East Aldine was hammered in 2017 by Hurricane Harvey, which caused an estimated $125 billion in damage throughout the state but…
Advertisement