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16 12, 2021

‘Cat-Focused’ Kin Insurance Acquires Shell for Expansion; Expects SPAC Closing in Q1

By | December 16th, 2021|Uncategorized|Comments Off on ‘Cat-Focused’ Kin Insurance Acquires Shell for Expansion; Expects SPAC Closing in Q1

Kin Insurance, a digital direct-to-consumer home insurer that targets catastrophe-prone areas, said it has has acquired an inactive insurance carrier holding licenses in 43 states. Kin, which has operated in Florida, California, Georgia and Louisiana, first announced the planned purchase …

16 12, 2021

Millions of Migrants Can’t Get COVID Vaccines Because of Drugmakers’ Liability Fears

By | December 16th, 2021|Uncategorized|Comments Off on Millions of Migrants Can’t Get COVID Vaccines Because of Drugmakers’ Liability Fears

BRUSSELS/BANGKOK – Tens of millions of migrants may be denied COVID-19 vaccines from a global program because some major manufacturers are worried about legal risks from harmful side effects, according to officials and internal documents from Gavi, the charity operating …

16 12, 2021

Fox Point Expands E&O Liability Program for Small Business Risks

By | December 16th, 2021|Uncategorized|Comments Off on Fox Point Expands E&O Liability Program for Small Business Risks

Fox Point Programs is expanding its professional liability insurance offerings for small businesses in more than 2,000 professional categories through the introduction of its FoxPro Defender series errors and omissions (E&O) coverage. This coverage is being launched in collaboration with …

16 12, 2021

Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits

By | December 16th, 2021|Uncategorized|Comments Off on Swiss Re Reorganizes Group Operations, Names Ladva Group CTO, as Bronder Exits

Swiss Re announced the appointment of Pravina Ladva as group chief digital & technology officer and member of the group executive committee, effective Jan. 1, 2022. Group Chief Operating Officer Anette Bronder will leave the company, and group operations will …

16 12, 2021

Restaurant Owner, Niece Face Prison for Arson, Insurance Fraud

By | December 16th, 2021|Uncategorized|Comments Off on Restaurant Owner, Niece Face Prison for Arson, Insurance Fraud

A New York restaurant owner and his nephew’s wife are facing up to 25 years to life in prison after being charged with first degree arson. Zef Gjurashaj, of Newburgh, and his nephew’s wife, Marina Gjurashaj, of Yonkers, were indicted …

16 12, 2021

Former Maryland Public Adjuster Sentenced for Theft, Insurance Fraud

By | December 16th, 2021|Uncategorized|Comments Off on Former Maryland Public Adjuster Sentenced for Theft, Insurance Fraud

A former Maryland public adjuster has been sentenced for theft and insurance fraud. Tashoia Starr Grant, of Street, Maryland, was sentenced on two counts of theft scheme with a value between $10,000 but less than $100,000, and two counts of …

16 12, 2021

Texas County Agrees to $5 Million Settlement over Black Motorist’s Death

By | December 16th, 2021|Uncategorized|Comments Off on Texas County Agrees to $5 Million Settlement over Black Motorist’s Death

A Texas county approved a $5 million wrongful death lawsuit settlement Tuesday with the family of a man who sheriff’s deputies shocked with stun guns after a 2019 chase that was filmed by the real-time police TV series “Live PD.” …

16 12, 2021

The Hilb Group Acquires Maryland’s PSA Insurance & Financial Services

By | December 16th, 2021|Uncategorized|Comments Off on The Hilb Group Acquires Maryland’s PSA Insurance & Financial Services

The Hilb Group brought PSA Insurance & Financial Services into its portfolio, further strengthening its presence in the Mid-Atlantic region as well as building on its range of employee benefits, commercial and personal insurance products and services. The transaction became …

16 12, 2021

Citizens’ Board Requests Larger Than Expected Rate Hike for Florida Homeowners

By | December 16th, 2021|Uncategorized|Comments Off on Citizens’ Board Requests Larger Than Expected Rate Hike for Florida Homeowners

The board of governors for Citizens Property Insurance Corp., Florida’s state-backed insurer of last resort, wants the maximum allowed rate increase – 11% for next year and 12% for 2023 – in an effort to stem the insurer’s rapid growth. …

16 12, 2021

EPA Orders Louisiana Fuel Plant to Clean Up Emissions

By | December 16th, 2021|Uncategorized|Comments Off on EPA Orders Louisiana Fuel Plant to Clean Up Emissions

Federal regulators have announced plans to make Louisiana and a suburban New Orleans fuel plant clean up emissions that have violated air quality standards since at least 2013. The Environmental Protection Agency says a plant owned by Rain CII Carbon …