Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021, while putting more upward pressure on reinsurance rates, according to a report from AM Best. The floods, expected to be …
Nearly 10,000 homes were impacted by tornado damage that occurred across Alabama and Georgia last week, according to data from catastrophe modeling firm CoreLogic. The March 25 deadly tornado outbreak occurred thanks to prime weather conditions that produced what is …
360 Coverage Pros has launched a professional liability insurance program for tax preparers with an online application. The program features liability limits of up to $1 million and is designed for professionals providing predominantly tax-related services including, enrolled agents, annual …
The Arizona House voted this week to give businesses, nursing homes and others a broad shield from lawsuits related to COVID-19. Republicans approved the measure in a 31-29 party-line vote, saying businesses struggled during the pandemic and shouldn’t have to …
An inmate who was injured in a Maui jail riot is suing the Hawaii Department of Public Safety. Kevin Lifoifoi’s lawsuit alleges the department failed to keep prisoners safe in an overcrowded jail, The Maui News reported. Lifoifoi suffered a …
Firefighters have begun to gain control of wildfires in the Black Hills of South Dakota that have forced the evacuation of more than 400 homes and closed the Mount Rushmore National Memorial. Three separate wildfires were burning near Rapid City, …
Formerly licensed insurance agent, Mandy Pruitt, 42, of Visalia, Calif., was arraigned today on one count of grand theft after she allegedly stole more than $4,400 from a client and used the money to pay for personal expenses. The alleged …
The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms of catastrophe losses and COVID, with one segment actually reporting better combined ratios and higher income than in 2019. A …
Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump during the Trump administration and through the coronavirus pandemic as they hit their prime earning years during a record bull …
LONDON – The City of London financial center, which has resembled a ghost town since the coronavirus swept the world last year, is likely to see most workers return to their offices after the pandemic, the City’s political leader said …