The Texas Windstorm Insurance Association Actuarial & Underwriting Committee met Tuesday, July 11 and voted to recommend increasing rates for residential policies by 5% and commercial policies by 8% for 2024. The TWIA Board of Directors will vote to approve …
-Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of Arlington Heights, Illinois-based Trideo Systems, a risk management information system (RMIS) provider for health care organizations. Terms of the acquisition were not disclosed. Founded in 2008, Trideo’s RMIS …
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed Thursday, a few weeks after investigators announced that a sparking …
A Connecticut homeowner who is being sued by a woman who alleges his dog bit her in the face is not entitled to insurance coverage because his home insurance application, which was completed by his insurance agent, indicated he did …
LP Insurance Services, headquartered in Reno, Nev., promoted Trinity Steelman to chief operating officer. Founding COO, Joe Wyatt, retired on July 1. Steelman is responsible for the daily operations throughout the LP Insurance footprint. She continues to lead the employee …
Not even $12 million worth of fines is enough to stop a Jersey Shore town from bulldozing sand on its beach to bolster eroded spots in defiance of state environmental officials. The New Jersey Department of Environmental Protection says North …
A federal appeals court has affirmed a lower court ruling that a Scottsdale Insurance commercial policy for a community center excludes almost all non-weather water damage. It’s the type of “infuriating” exclusion that plaintiffs’ attorneys and some brokers have said …
A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Circuit …
The U.S. Food and Drug Administration (FDA) on Tuesday classified the recall of certain electrosurgery tools manufactured by a Johnson & Johnson unit as “most serious,” saying their use could lead to injuries or death. The U.S. health regulator said …
One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing …