19 03, 2021

Storms Leave Trail of Damage Across Deep South

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Storms that left splintered homes and broken trees across Alabama and Mississippi moved into Georgia and Florida on Thursday, rousing residents with early morning warnings as forecasters said the threat of dangerous weather would move up the south Atlantic seaboard. …

19 03, 2021

Why Its Bid for The Hartford Is a Personal Lines ‘Chess’ Move by Chubb

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While the Chubb’s $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many observers, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg would certainly welcome what The …

19 03, 2021

Chubb Bids for The Hartford’s ‘Crown Jewel’ and More

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Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. Now, the insurer is gunning for even larger size …

19 03, 2021

IICF Gala Went on Despite Pandemic, USC Risk Management Program Honored

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More than 200 guests joined the Insurance Industry Charitable Foundation Western Division for the virtual Horizon Award Gala on Thursday. Due to the pandemic, this year’s IICF gala, an event that often requires massive planning and volunteer efforts, was virtual. …

21 03, 2021

Former Kansas Insurance Agent Sentenced in Fraud Case

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A former Johnson County, Kansas, insurance agent has been sentenced to 24 months of probation on insurance fraud charges and ordered to repay nearly $86,000 in restitution, Kansas Attorney General Derek Schmidt said. Armond R. Peghee, 42, pleaded guilty in …

21 03, 2021

San Antonio Hotel Accused of Price-Gouging in Storm

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A San Antonio hotel owner has been sued and accused the operator of price-gouging during last month’s storm that left millions of Texans without power and heat during sub-freezing temperatures, the state attorney general’s office said. The attorney general accuses …

22 03, 2021

One Month Later, Boil Water Advisory Lifted for Jackson, Mississippi Residents

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After 30 days of boiling their water to get rid of contaminants and sometimes no water at all, Jackson residents are finally able to drink the water from the tap after officials lifted a boil water advisory put in place …

22 03, 2021

Florida to Hold Hearing on Proposed National Specialty 24.9% Rate Increase

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The Florida Office of Insurance Regulation will conduct a virtual rate hearing this week on a proposed 24.9% rate increase filed by National Specialty Insurance Co. for its homeowners multi-peril lines of business. Velocity Risk Underwriters, LLC is the Florida …

22 03, 2021

Amwins Launches Alarm Contractors Program

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Amwins Program Underwriters has developed a new insurance coverage dedicated to alarm contractors that includes commercial general liability, professional liability, property and inland marine coverage. The new Alarm Contractors insurance program can be tailored to meet the needs of alarm …

22 03, 2021

Florida Man Sentenced to 3 Years for Lying About Hurricane Irma Damage

By | March 22nd, 2021|Uncategorized|Comments Off on Florida Man Sentenced to 3 Years for Lying About Hurricane Irma Damage

A Florida man has been sentenced to three years in federal prison for lying about damage caused by Hurricane Irma. Steven Rembert, 49, of Orange County, was sentenced Monday in Orlando federal court, according to court records. He pleaded guilty …