ReAlign Insurance Holdings LLC (ReAlign) has formed Summit Specialty Insurance Co. (Summit Specialty), a new surplus lines insurance carrier based in Nebraska. A wholly owned subsidiary of ReAlign Insurance Holdings Inc. and headed by Timothy McAuliffe, Summit Specialty has received …
The Augusta Commission in Georgia agreed to pay $110,000 to settle the reverse discrimination complaints of a white worker who claimed she was mistreated after a Black man was elected as probate judge for the first time. Commissioners agreed to …
A new report out shows challenges current fire management policies in California, proposes a new framework for understanding the total cost of wildfire in the state and suggests that health impacts from smoke my represent substantial costs that are not …
Michael Lynn Cooper, 55, of Ontario, Calif., was charged with multiple felony counts of insurance fraud and grand theft after allegedly misrepresenting the facts of a collision to his insurance company to receive a payout after he was street racing. …
Claims adjuster, Agop Sarafian, 65, of La Crescenta, Calif., and chiropractor, Shahe Topjian, D.C. 65, of Granada Hills, Calif., were arrested on felony insurance fraud charges after allegedly conspiring to defraud Sarafian’s employer, the State Compensation Insurance Fund, by setting …
The election is nearly here, and while it’s been quite a year all around, things could have been worse for the insurance industry. When the year started, insurance industry lobbyists were facing a big battle, and not just COVID-19. As …
Democratic presidential candidate Joe Biden has received more funds from insurance industry political committees than President Donald Trump in this 2020 election cycle. Biden has received $5.5 million compared to Trump’s $4.6 million, according to an analysis from the Center …
Chubb’s net income grew by 9 percent in the 2020 third quarter, which CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment shaped by the COVID-19 pandemic. The tough environment also included pre-tax catastrophe …
San Francisco, Calif.-based Woodruff Sawyer has named Mark McEvoy its property practice leader. McEvoy is based in San Francisco and will lead the practice nationally. McEvoy has more than 13 years of experience in both insurance and reinsurance. Prior to …
QBE North America has hired Bobby Steinsdoerfer as senior vice president, regional underwriting leader – central region. Steinsdoerfer joins QBE from AIG’s Blackboard Insurance Co., bringing 12 years of underwriting and strategic leadership experience in commercial and specialty insurance. Prior …