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Insurance Brokerage Go Health Hits Ch. 11 With Prepack Plan
1+ hour, 41+ min ago (63+ words) Law360 Try our Advanced Search for more refined results The Practice of Law Deep News & Analysis Law360 | The Practice of Law Law360 Authority | Deep News & Analysis Law360 Pulse | The Business of Law Insurance Brokerage Go Health Hits Ch. 11 With Prepack Plan Law360 is on it,…...
USAA to return nearly $1 billion to Florida members as legal reforms help lower insurance costs
3+ hour, 27+ min ago (717+ words) USAA said it will deliver nearly $1 billion in combined savings and returns to eligible Florida members, including a $500 million dividend, CNBC can exclusively report." The insurer credits Florida's civil litigation and tort reforms as a key reason it can send…...
Reining in Transactional Exclusions: Delaware Courts Narrow D&O Coverage Bars and Raise the Burden on Insurers
4+ hour, 38+ min ago (186+ words) Recent Delaware decisions reinforce a trend that policyholders and coverage practitioners have increasingly sensed over the last several years: courts are becoming less receptive to insurer efforts to apply transaction-related exclusions beyond their text and are requiring insurers to carry…...
Risk Management Controls in Commercial Property and Liability Insurance
4+ day, 20+ hour ago (417+ words) Businesses today are facing a risk landscape that is more volatile, more expensive, and less" Claims Settlement and the Consequences of Underinsurance In a loss scenario, insurers apply coinsurance clauses and valuation conditions strictly. If a property is insured for…...
Baywood Group Warns Traditional Insurers of Digital Disruption as Industry Shifts Online
6+ hour, 53+ min ago (544+ words) According to him, the global shift toward digital-first financial services is no longer optional but existential. In his words, "in today's world, if you are not embracing technology, you are almost dead," stressing that survival in the insurance sector now…...
Insurer held liable for $10, 000 in litigation costs " Eye Witness News
15+ hour, 48+ min ago (337+ words) NASSAU, BAHAMAS- CG Atlantic General Insurance Ltd has been ordered to pay $10, 000 in non-party costs after the Supreme Court found that the insurer "effectively controlled key aspects of litigation that led to wasted legal expenses," before withdrawing from proceedings when…...
Why your next home insurance premium could depend on laser scans, not past fires | CBC News
3+ hour, 44+ min ago (385+ words) When Tricia Murray rebuilt her home in Hammonds Plains, N. S. , after the devastating 2023 wildfires, she expected her insurance premiums to soar. Her original house was purchased in 2017 for $253, 000, while her newly rebuilt home cost more than $700, 000. Instead, her premium dropped by…...
Policyholder protection: the debate
1+ day, 21+ hour ago (153+ words) fanews. co. za Good Intentions" With Flaws We're down to 5 contestants, and the stakes have never been higher. The Top 3 contestants at the end of this episode will advance to the finale - and the pressure is on. Get in on…...
US Personal Lines Insurers Ask for Less Rate After Period of Catch-Up
16+ hour, 52+ min ago (329+ words) By Chad Hemenway It appears as though auto and home insurers have caught up, appropriately matching premium to risk in their portfolios. According to a new report from insurance industry rating agency AM Best, rate increases for homeowners and private…...
Three New HO Carriers and an Improving Condo Market in Florida, Reports Show
16+ hour, 52+ min ago (345+ words) Three new property insurance companies have entered the Florida market this spring, bringing to 20 the number of new carriers since Florida lawmakers ended assignment-of-benefit agreements and one-way attorney fees in 2023. "To date, these new companies since the legislative reforms bring…...