Asphalt-roofing manufacturers have come out swinging against a new Insurance Institute for Business and Home Safety standard that limits the coveted “Fortified” designation to roofs younger than 15 years. The manufacturers’ response could lend new fuel to the debate over …
Indiana Attorney General Todd Rokita on Tuesday announced a settlement with Progress Residential, LLC and Pretium Partners, LLC, one of the nation’s largest owners and operators of single-family rental homes, resolving allegations that the companies engaged in deceptive and unfair …
Cheung Joins Island Insurance as VP of Operations, Data and Product Management Island Insurance named Michelle Cheung to its executive team as vice president overseeing the organization’s operations and data products management. Most recently, Cheung was the IT development manager …
The U.S. Supreme Court asked the Trump administration for input on an appeal from pharmaceutical and medical-device companies that are trying to stop a lawsuit accusing them of helping to finance terrorist attacks in Iraq. The companies are seeking review …
Insurers are taking steps to limit their exposure to the risk of losses tied to a wave of street protests in cities across Europe. The industry has started imposing caps on coverage, raising deductibles and — in some high-risk locations …
The premise of managed repair is straightforward: rather than insurance carriers reimbursing policyholders directly for property damage, carriers refer claims to a managed repair program. The MRP coordinates documentation of the repairs necessary to return the structure to its preloss …
Free Virtual Event on November 17 Will Feature Expert Panels on Cyber Risk, Commercial Auto, Terrorism and Natural Catastrophes November 10, 2026 — From AI-powered cyberattacks and escalating commercial auto verdicts to geopolitical instability and increasingly costly natural catastrophes, the …
Progress Residential, the biggest U.S. manager of single family rental homes, will pay $49.8 million to settle allegations by the Federal Trade Commission and four states that it deceived renters with hidden fees, an FTC official told Reuters on Friday. …
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICRs of “bbb+” (Good) for the members of Texas …
Fireworks AI, a popular startup that helps companies run artificial intelligence models, notified customers on Monday of a security breach in which their data was accessed, its second known hack in a matter of weeks. A Fireworks spokesperson said the …