Insurance
Louisiana Commissioner Directs Agents to Notify Citizens Policyholders of Less Expensive Policy Offers
A recent directive issued by Louisiana Insurance Commissioner Jim Donelon orders agents to notify their Louisiana Citizen policyholders when they receive an offer to be placed with a significantly less expensive insurer in the private market. Donelon issued Directive 222 …
Read More Arkansas’ United Home Placed In Receivership
Arkansas’ United Home Insurance was placed in receivership by the Pulaski County Circuit Court on September 6. Arkansas Insurance Commissioner Alan McClain a was appointed receiver. United Home consented to the receivership for the purpose of its rehabilitation. The receivership …
Read More FM Global Clients to Get Share of $350M ‘Resilience Credit’
Eligible commercial property insurance clients of FM Global will receive a share of what the insurer calls a “resilience credit” to be put toward climate mitigation solutions. Collectively worth $350 million, the initiative follows the allocation of a $300 million …
Read More People Moves: Mosaic Builds Team of Underwriting Specialists in Canada; Everest Re Taps PartnerRe’s Schiattone as Global Head of Financial Risk
This edition of International People Moves details appointments at Mosaic and Everest Reinsurance. A summary of these new hires follows here. Mosaic Expands Team of Underwriting Specialists in Canada Mosaic Insurance has built out its team of underwriting specialists to …
Read More Doctor Asks Court to Toss J&J Lawsuit Against Her Over Cancer Research
A medical researcher has asked a court to throw out a lawsuit that Johnson & Johnson filed against her over her 2019 study on the links between cosmetic talc products and cancer, saying that her research is sound and protected …
Read More Florida Copter Pilot Heard Bangs Before Fatal Crash into Apartment Building
FORT LAUDERDALE, Fla. (AP) — A pilot told investigators he heard a loud bang before a Florida medical rescue helicopter caught fire in flight last month, leading to a crash that killed a paramedic and a woman on the ground, …
Read More Judge Tosses Gun Group’s Challenge to Delaware Public Nuisance Law as Premature
The federal district court for Delaware has thrown out a suit by a gun rights group challenging a state law that allows the state’s attorney general to sue firearms companies. The law allows lawsuits by the attorney general against firearms …
Read More Hawaii Volcano Kilauea Erupts After Nearly Two Months of Quiet
Kilauea, one of the most active volcanoes in the world, began erupting Sunday after a two-month pause, displaying glowing lava that is a safe distance from people and structures in a national park on the Big Island. The Hawaii Volcano …
Read More Markets/Coverages: US Cyber Industry Loss Index Launched by Perils, CyberAcuView
A U.S.-focused Cyber Industry Loss Index has been launched by Zurich-based Perils and CyberAcuView, an independent U.S.-based organization formed by leading cyber insurers, to keep capital flowing in the cyber insurance market. The Cyber Industry Loss Index reports affirmative U.S. …
Read More Central Massachusetts Experiencing Severe Flash Flooding
The central Massachusetts city of Leominster and other nearby communities are dealing with severe flash flooding from excessive rainfall. A state of emergency has been declared in Leominster, a city of about 43,000, due to what officials are calling life-threatening …
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