INSURANCE NEWS
Independent Adjusters Charge Florida Insurers With Doctoring Damage Estimates
Do some Florida property insurance companies hire independent adjusters to inspect property claims, then routinely alter their inspection reports to reduce estimated losses? Yes, and it’s a widespread and fraudulent practice, according to three adjusters who spoke Tuesday at a …
People Moves: EverQuote’s Bishop Joins Plymouth Rock; Gada Joins Alliant in New Jersey
Plymouth Rock Home Assurance Names Bishop as Vice President and Chief Marketing Officer Plymouth Rock Home Assurance Corp. recently appointed Peter Bishop as vice president and chief marketing officer. Bishop joins Boston, Massachusetts-based Plymouth Rock from EverQuote. He will be …
AM Best Downgrades Mid-Hudson Group
Insurer analysts at AM Best have downgraded the ratings of three companies in the Mid-Hudson Group citing a 32.7% decline in policyholder surplus as of September 30. AM Best downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- …
New York Politician Who Ran for Mayor Sues Sex Misconduct Accuser for Defamation
A veteran New York City politician filed a defamation lawsuit Monday against a woman who accused him of sexual misconduct, claiming the decades-old allegation was false and derailed his campaign for mayor. Former state Assembly member and New York City …
ALKEME Acquired Robert Bell Insurance Brokers in California
ALKEME acquired Robert Bell Insurance Brokers in Fallbrook, California. Robert Bell Insurance Brokers will continue to operate under its current brand. Robert Bell is an insurance agency that specializes in property/casualty with a focus on equipment and event rental, towing …
Texas Church Bus Crash Injures 16, Including 13 Children
HOUSTON (AP) – Sixteen people, including 13 children, were injured on Sunday after a small church bus overturned near a Houston area apartment, according to authorities. The bus, belonging to a Baptist church, rolled over and landed on its side …
Blast at Texas Construction Company Kills 4
SAN ANTONIO (AP) – Crews have found the body of a fourth person who died in an explosion at a San Antonio construction company and investigators worked Monday to determine the cause and origin of the blast. The blast happened …
Wisconsin Manufacturer Fined $250K for Workplace Hazards
Federal safety inspectors have determined that a falling load from a below-the-hook magnet crushed the leg of an employee at a Kewaunee heavy fabrication manufacturing company on June 7, 2022. In response to a hospitalization reported by the worker’s employer, …
Ohio Supreme Court: No Coverage Owed for COVID Business Shutdown
The Ohio Supreme Court ruled Monday that COVID-19 cannot cause any direct physical damage or loss that is covered by a commercial property insurance policy, joining nine other state high courts that have rejected similar business-interruption claims. The Ohio court …
Career Certified Acquires Kansas-Based Licensing School A.D. Banker
Career Certified acquired A.D. Banker, a 43-year veteran provider of online education for Insurance (Pre-Licensing and Continuing Education) and Securities (Pre-Licensing). A.D. Banker provides a comprehensive offering for Life & Health, Property and Casualty, Adjuster and Limited Lines, as well …
Subaru Recalls 271,000 U.S. Vehicles, Urges Drivers to Park Outside
Subaru on Tuesday said it was recalling 271,000 2019 through 2022 model year Ascent sport utility vehicles due to increased fire risk and urged owners to park their vehicles outside until repairs are completed. The Japanese automaker said owners should …
People Moves: Workers’ Comp Bureau in California Adds Cooper
The Workers’ Compensation Insurance Rating Bureau of California named Sean Cooper executive vice president and deputy chief actuary. Cooper will assume the WCIRB chief actuary role upon Dave Bellusci’s retirement in Spring 2023. Cooper has more than 30 years of …