The European Union is mulling introducing secondary sanctions in an effort to prevent third countries from helping Russia circumvent the bloc’s existing punitive measures against Moscow, according to people familiar with the matter. The EU is working on a 19th …
When the Eaton Fire burned in Los Angeles County in early January, 75% of the structures in the fire perimeter had a low to moderate wildfire hazard, but they carried a high to very high conflagration hazard. Eighty-four percent of …
A New York man admitted he staged the theft of his own car in order to collect on his insurance funds Jonathan D. Martinelli pled guilty in May to a charge of third-degree insurance fraud in Union County Superior Court …
The California property insurance market is undergoing a dramatic shift. As admitted carriers restrict their appetite for business in the state—particularly in high-risk zones—surplus lines insurers are increasingly stepping in to write residential property insurance. As previously reported in Insurance …
Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. on Tuesday, Sept. 2, and close at 5 p.m. on Friday, Sept. 12. According to a press release, 500 grants are available in …
Highstreet Insurance & Financial Services has announced a three-year partnership with the University of Nebraska that supports the school’s football, volleyball and basketball teams. The full-service independent insurance agency has offices across Nebraska and the United States. “Highstreet is thrilled …
Hurricane Katrina made landfall on August 29, 2005, with the eye of the Category 3 hurricane centered on Bay St. Louis, Mississippi, though the storm is remembered largely because of the devastation to New Orleans, Louisiana. Over 1,800 people died …
The West Virginia Office of the Insurance Commissioner is aking for input on what coverages and classes should be on the surplus lines export list. In keeping with state law, agents and brokers hoping to place types of coverage that …
As the cyber market matures, it’s increasingly evident that fighting off cyberattacks is going to be an ongoing team effort. Brokers, carriers, cybersecurity organizations and insureds all play a role, from security to training to assessing adequate coverage. According to …
“We must maintain underwriting discipline.” This phrase is arguably the most repeated mantra in the reinsurance industry over the past two years, and you will struggle to find anyone in the market who would disagree with that idea. The reality, …