5+ hour, 28+ min ago  (460+ words) The U. S. faces a widening gap between growing flood risk and the take-up of flood insurance, potentially exposing the nation to more than $375 billion in aggregated uninsured flood losses from a 1-in-100-year event, according to a new whitepaper from Moody's....

13+ hour, 28+ min ago  (138+ words) On the same day it acquired a Kansas insurance agency, World Insurance Associates purchased Lock Insurance of Lakeland, Florida. Lock Insurance, founded in 2004, offers personal and commercial coverage. Don Westerfeld is president. The agency is now known as Lock Insurance,…...

13+ hour, 31+ min ago  (622+ words) What began as a lawsuit filed against Church Mutual Insurance Company on a $1 million-plus claim dispute turned into a potential $2 million award against a contractor after a jury found the contractor intentionally interfered with the insurance contract and caused the…...

1+ week, 13+ hour ago  (295+ 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…...

1+ week, 1+ day ago  (268+ words) California workers" compensation written premiums in calendar years 2022 through 2025 were relatively stable compared to the large swings that occurred during the pandemic, a new report shows. The Workers" Compensation Insurance Rating Bureau of California published its latest Quarterly Experience Report,…...

1+ week, 1+ day ago  (246+ words) This article appeared recently on Grindley's Linkedin page. Republished here with permission. For those working in property insurance, adjusting, and forensic engineering, a proposed Florida rule may have unintended consequences for how claims are investigated and processed. The Florida Board…...

1+ week, 3+ day ago  (420+ words) Hint, a self-described "home management platform," has launched with a $10 million seed round of funding and the original influencer of all things having to do with the home. Well-known multimedia mogul and businesswoman Martha Stewart has co-founded Hint with home…...

1+ week, 3+ day ago  (591+ words) Below is a list of a few important but often overlooked coverages to consider. When I teach auto liability classes, I often ask the audience what coverage, and what amount of that coverage, is most important. The coverage that receives…...

1+ week, 6+ day ago  (234+ words) Oklahoma Governor Kevin Stitt this week signed a bill that gives the insurance department the authority to review insurance rate changes before they can go into effect. Under House Bill 3781, all rates in competitive markets shall be filed 30 days before…...

2+ week, 1+ day ago  (303+ words) The cost of a surplus-lines homeowners" policy in Florida is now about the same as admitted-market HO policies, reflecting the growing trend for excess and surplus firms across the state and beyond, recent reports show. The Florida Surplus Lines Service…...