Insurance

Florida’s insurance commissioner announced today that his office has found an “unprecedented solution” to the pending property insurer rating crisis – let Citizens Property Insurance Corp. provide a level of reinsurance to companies in case they are downgraded, at least …

Charter Communications was hit with a combined $7.37 billion verdict – including $7 billion meant to punish the company – for systemic safety failures that led to the robbery and stabbing death of an 83-year-old woman by a cable repairman …

3M Co. put its Aearo Technologies unit into bankruptcy in a bid to resolve more than 230,000 lawsuits brought mainly by US military veterans over allegedly faulty combat earplugs. The conglomerate has already spent nearly $350 million defending the sprawling …

In what Corvus said is a first for a U.S.-based insurtech, the managing general agent has opened an office in continental Europe. This Boston-based company’s new office will be in Frankfurt, Germany. “Frankfurt is located within the largest insurance market …

Record rainfall caused widespread flash flooding across the St. Louis area early Tuesday, closing multiple roadways and prompting rescues from vehicles and homes. There were no immediate reports of injuries, but damage was widespread after a massive downpour dropped more …

U.S. Rep. Charlie Crist, the Democratic frontrunner for governor of Florida, this week sharply criticized incumbent Gov. Ron DeSantis for failing to solve the state’s property insurance crisis. “Ron DeSantis has been the worst governor in Florida history on property …

More than a year and half after the Haines landslides, organizations, both local and out-of-state, are still helping to repair damage from the dozens of landslides that occurred around the borough. That recovery work has evolved over time, said members …

The trial for a commercial truck driver charged with causing the deaths in 2019 of seven members of a Marine motorcycle club will open Tuesday, more than three years after the crash in northern New Hampshire. Jurors visited the crash …

The Plymouth Rock Co., parent company of auto and home insurance providers in the Northeast, announced that Andrew McElwee is its new president and chief operating officer, having taken over responsibility for the firm’s day-to-day operations from Hal Belodoff, following …

Verisk Names Elizabeth Mann Chief Financial Officer Elizabeth Mann has been named executive vice president and chief financial officer for Verisk, effective September 15, 2022. As CFO, Mann will lead Verisk’s global finance organization which includes accounting and controllership, financial …