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22 04, 2024

Alabama City Councilman Hit With New Auto Insurance Fraud Indictment

By | April 22nd, 2024|Uncategorized|Comments Off on Alabama City Councilman Hit With New Auto Insurance Fraud Indictment

Authorities have added four more insurance fraud charges to those already lodged against an city official in coastal Alabama. Prichard City Councilman Derrick Griffin last week was indicted by a grand jury for the second time in four months. In …

22 04, 2024

Third Channel to Baltimore Port Opens as Bridge Collapse Recovery Efforts Continue

By | April 22nd, 2024|Uncategorized|Comments Off on Third Channel to Baltimore Port Opens as Bridge Collapse Recovery Efforts Continue

A third temporary channel for boats to enter and depart the Port of Baltimore has opened, expanding further shipping access as collapsed sections of the Francis Scott Key Bridge are salvaged before the span can ultimately be rebuilt. The alternate …

23 04, 2024

Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims

By | April 23rd, 2024|Uncategorized|Comments Off on Iowa Governor Signs Measure to Increase Compensation for Boy Scouts Abuse Victims

Iowa men who were victims of child sexual molestation while they were in the Boy Scouts of America could get higher legal compensation under a measure lawmakers approved and the governor signed into law last week. The legislation, which retroactively …

23 04, 2024

South Carolina Allows Out-of-State Adjusters After Massive Hail Storm

By | April 23rd, 2024|Uncategorized|Comments Off on South Carolina Allows Out-of-State Adjusters After Massive Hail Storm

In the wake of last week’s widespread hail storm that damaged homes and automobiles, the South Carolina director of insurance said that emergency rules allow out-of-state adjusters and appraisers to work claims, as long as they are licensed in other …

24 04, 2024

AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review

By | April 24th, 2024|Uncategorized|Comments Off on AM Best Places Credit Ratings of GeoVera Insurance Group Members Under Review

AM Best placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) of the members of GeoVera Insurance Group in Fairfield, California. Coastal Select Insurance …

22 04, 2024

Arbol Buys Centauri Insurance, Forms Lilypad to Broaden Climate Risk Coverage

By | April 22nd, 2024|Uncategorized|Comments Off on Arbol Buys Centauri Insurance, Forms Lilypad to Broaden Climate Risk Coverage

Arbol Inc., a firm that has specialized in climate risks for businesses, including parametric insurance products, has acquired Sarasota, Florida-based Centauri Insurance from Applied Underwriters. The companies announced in an statement that Centauri will become part of Arbol’s newly launched …

22 04, 2024

Wells Fargo Bond Saleswoman Sues Over ‘Unapologetically Sexist’ Workplace

By | April 22nd, 2024|Uncategorized|Comments Off on Wells Fargo Bond Saleswoman Sues Over ‘Unapologetically Sexist’ Workplace

Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an “unapologetically sexist” workplace. The complaint filed on Friday in federal …

23 04, 2024

Report: Claims Handlers Embracing Technology

By | April 23rd, 2024|Uncategorized|Comments Off on Report: Claims Handlers Embracing Technology

Polling of U.K. and U.S. insurance claims handlers shows 95% are confident technology will significantly impact claims processing in the next five years. The polling by insurtech Sprout.ai shows 55% of respondents say they struggle with reviewing and processing claims …

23 04, 2024

Delaware High Court Hands Agency a New Shot at Malpractice Claim Against Law Firm

By | April 23rd, 2024|Uncategorized|Comments Off on Delaware High Court Hands Agency a New Shot at Malpractice Claim Against Law Firm

A Delaware insurance agency has won another chance at proving a law firm was negligent in defending it in a non-compete dispute with another agency, a dispute it ended up settling for $1.2 million. The Delaware Supreme Court has reversed …

24 04, 2024

Omaha National Acquires Sutter Insurance in California

By | April 24th, 2024|Uncategorized|Comments Off on Omaha National Acquires Sutter Insurance in California

Omaha National Group Inc. acquired Sutter Insurance Co., a California domiciled carrier. Sutter Insurance has been renamed Omaha National Casualty Co. Omaha National also owns Omaha National Insurance Co., which is domiciled in Nebraska. Omaha National, now licensed to issue …