The Florida Office of Insurance Regulation will hold a hearing on Thursday, March 31, to look at a request by Residents Property Insurance Corp. for a near-maximum rate increase for many of its policies. Residents, limited by its statutory “glidepath” to...
The chief executive of the world’s largest stock owner says life is about to get quite a bit harder for firms that fail environmental, social and governance tests set by institutional investors. Nicolai Tangen, who runs Norges Bank Investment Management from...
By this time next year, Citizens Property Insurance policyholders and assignees of benefits could see their claims disputes decided, not in county or circuit courts, but by administrative judges who work for a Florida state agency.The Citizens Board of Governors on...
The Demotech rating agency has joined the relatively small variety of voices calling for a special session of the Florida Legislature to enact changes that insurers hope will help curtail fraudulent roof claims, deter excessive litigation and address other needs. In...
The February news that five Florida-admitted property insurers had stopped writing latest business within the state painted an image of impending doom for the insurance market within the state. But officials with one in all those firms, the relatively young TypTap...
Wondering, if automobile financing affect automobile insurance? Buying a automobile on loan is the simplest and the most common solution to purchase a automobile nowadays. But can this decision impact your automobile insurance rates and make it costlier for you? Let’s...
Bill Cosby’s insurance company has settled one other lawsuit filed by a female accuser every week before the imprisoned comedian was set to provide a deposition within the case, prompting Cosby to call the insurer “complicit” in a scheme to destroy...
Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International and to enter right into a long-term reinsurance partnership for elipsLife’s in-force and latest business. Financial details of the transaction weren’t...
MEXICO CITY – A magnitude 7.6 earthquake struck western Mexico on Monday on the anniversary of two devastating temblors, killing at the very least two people, damaging buildings, knocking out power and sending residents of Mexico City scrambling outside for safety....
Insurance agents and brokers have long been targets of error and omission lawsuits. It’s also true that the majority agents and brokers have sought advice of counsel as to win a lawsuit. They may often be told that the duty of...