Insurance
Trump’s Attack on ‘Illegal’ DEI Disorients Corporate America
President Donald Trump’s executive orders against “illegal” diversity, equity and inclusion policies have left corporations and their lawyers struggling to grasp exactly what that means. Trump on Tuesday ordered federal contractors to affirm they don’t “engage in illegal discrimination, including …
Read More Insurance Commissioner Orders Advance Payments on Claims for LA Wildfire Survivors
California Insurance Commissioner Ricardo Lara is asking all California insurance companies to provide advance payments on claims for Los Angeles wildfire survivors. Lara’s order is designed to help speed the recovery process for wildfire survivors affected by several fires in …
Read More Moody’s Expects L.A. Wildfires to Increase Property Insurance Costs Across State
Moody’s Ratings said in a report on Thursday that it expects the Los Angeles wildfires to increase property insurance costs across California. According to Moody’s, the state’s already noticeable insurance pricing and availability challenges are likely to intensify, with negative …
Read More Oklahoma Commissioner Unveils OKReady Grant Program Launch Details
Oklahoma Insurance Commissioner Glen Mulready announced new details regarding the launch of OKReady, the Strengthen Oklahoma Homes (SOH) program, that went into effect on November 1, 2024. Over the past several months, the Oklahoma Insurance Department (OID) has been working …
Read More People Moves: Ansay Announces New Leadership Team; Ryan Specialty Adds Budd to Specialty Underwriting Segment
Anneren Family Holding Company, established to perpetuate the Ansay family’s legacy, has announced the appointment of Angela Sikowski as President and Nikki Kiss as Chief Operating Officer (COO). This transition marks a significant step in the company’s evolution, with a …
Read More Roller Derby League Loses Bid to Temporarily Block Ban on Trans Athletes
A New York roller derby league has lost its bid to temporarily block a local ban on transgender female athletes. Nassau County Supreme Court Judge Bruce Cozzens on Tuesday denied a request by the Long Island Roller Rebels to prevent …
Read More Ohio Pastor Found Guilty for Violating City Fire Code by Sheltering Homeless
A judge in northwestern Ohio found a pastor guilty on criminal charges Tuesday for failing to comply with the city fire code after he opened his church to let homeless people and others stay inside overnight to escape the winter …
Read More Descartes Launches Parametric Tornado Coverage for Solar Farms
Descartes Underwriting has announced the launch of a parametric insurance product to protect utility-scale solar farms against tornado damage. According to a press release, the coverage uses satellite data and analytics to insure transition-sector investments against physical damage, business interruption …
Read More People Moves: Zurich NA Appoints Bessette Chief Data Officer; O’Neill Named Head of NFP’s Financial Institutions Group
Zurich NA Appoints Bessette as Chief Data Officer Zurich North America, headquartered in Schaumburg, Illinois, appointed Kristen Bessette as chief data officer. Based on the East Coast, Bessette previously held multiple senior positions at Liberty Mutual Insurance in Boston, culminating …
Read More KCC Estimates Losses From Palisades and Eaton Wildfires to Be Near $28B
Catastrophe modeler KCC said insured loss from privately insured and California FAIR plan policies to residential, commercial and industrial properties, and autos from the Palisades and Eaton Fires will be close to $28 billion. That’s in line with estimates issued …
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