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12 08, 2022

Florida’s Citizens Tops 1 Million Policies, Making it Largest in State by a Third

By | August 12th, 2022|Uncategorized|Comments Off on Florida’s Citizens Tops 1 Million Policies, Making it Largest in State by a Third

Florida’s Citizens Property Insurance Corp., created by lawmakers as a last-resort option, has become the largest property insurer in the state with more than 1 million policies in force – and growing. Stakeholders did not celebrate the milestone and some …

17 08, 2022

OSHA Charges Alabama Plastics Company With Willful Violations After Worker’s Death

By | August 17th, 2022|Uncategorized|Comments Off on OSHA Charges Alabama Plastics Company With Willful Violations After Worker’s Death

An Alabama company has been charged with willfully violating federal safety rules in the death of a worker who was pulled into a machine and fatally injured, authorities said Monday. ABC Polymer Industries, which has a plant in the Birmingham …

12 08, 2022

People: McGriff Names Hodo as Chief Strategic Growth Officer

By | August 12th, 2022|Uncategorized|Comments Off on People: McGriff Names Hodo as Chief Strategic Growth Officer

Truist subsidiary McGriff, an insurance broker, has announced that Doug Hodo will rejoin the firm as chief strategic growth officer, based in Texas. Hodo spent the past year working as director of large relationships for a national brokerage. Previously he …

17 08, 2022

New York City Wastewater Testing Indicates Polio Virus Is Spreading

By | August 17th, 2022|Uncategorized|Comments Off on New York City Wastewater Testing Indicates Polio Virus Is Spreading

The virus that causes polio has been found in New York City’s wastewater in another sign that the disease, which hadn’t been seen in the U.S. in a decade, is quietly spreading among unvaccinated people, health officials said Friday. The …

12 08, 2022

Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims

By | August 12th, 2022|Uncategorized|Comments Off on Dutch Insurer NN Group’s H1 Profit Slips on Impact of Storm Claims

NN Group’s core profit fell 12.1% year-on-year in the first half of 2022, the Dutch insurer said on Thursday, citing the impact of weather events and the sale of its asset management arm. Operating profit came in at 983 million …

17 08, 2022

Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage

By | August 17th, 2022|Uncategorized|Comments Off on Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage

Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh, saying the insurer has breached its duty to defend Aloha against climate change lawsuits brought by local governments in Honolulu …

12 08, 2022

Two More Appeals Courts Rule Against Businesses in COVID-Interruption Suits

By | August 12th, 2022|Uncategorized|Comments Off on Two More Appeals Courts Rule Against Businesses in COVID-Interruption Suits

Federal and state appeals courts in two Southeastern states have ruled against pandemic-affected businesses, adding to the list of decisions that have found that insurance policies cover only physical damages. In South Carolina, the state Supreme Court this week became …

17 08, 2022

NAIC Passes Pet Insurance Model Act

By | August 17th, 2022|Uncategorized|Comments Off on NAIC Passes Pet Insurance Model Act

The National Association of Insurance Commissioners (NAIC) has passed a Pet Insurance Model Act to establish appropriate regulatory standards for the growing pet insurance industry. “This model law establishes clear rules for the sale of pet insurance and provides important …

12 08, 2022

Data ‘Surveillance’ Crackdown Begins With FTC Privacy Pitch

By | August 12th, 2022|Uncategorized|Comments Off on Data ‘Surveillance’ Crackdown Begins With FTC Privacy Pitch

The Federal Trade Commission is seeking public feedback on a proposed rulemaking to limit what it’s dubbed “commercial surveillance” by businesses that sell or share information collected about people, with potential new powers to levy fines for data protection violations. …

17 08, 2022

2022 North Atlantic Hurricane Season Halftime Report: The Quiet Before the Storm?

By | August 17th, 2022|Uncategorized|Comments Off on 2022 North Atlantic Hurricane Season Halftime Report: The Quiet Before the Storm?

With a few weeks to go until the North Atlantic Basin enters its most active period, now is a good time to recap recent activity, review updated seasonal forecasts, and look ahead to what may be in store for the …