By Randy Lioz Shortly after the first Covid vaccines were introduced, a food solutions company in Idaho wrestled with the best course of action for its business and employees. While a vaccination mandate was a non-starter, they strongly encouraged vaccination among their employees, bringting in representatives of the local health department to support the push. […]
Newly formed enterprise taps credit and political risk sector veteran, Bernie de Haldevang, as CEO Looking toward increased market demand for leadership-level resources in the intensifying areas of credit and political risk, United Risk has launched a new division, Applied Credit Underwriters, to be led by sector veteran Bernie de Haldevang as CEO. Applied Credit […]
Insurance Fraud is a Violent Crime Jatiek Smith (also known as “Tiek”) a member of the Bloods Gang was charged with one count of racketeering conspiracy, in violation of 18 U.S.C. § 1962(d), and one count of extortion conspiracy, in violation of 18 U.S.C. § 1951, arising out of allegations that Smith and his co-conspirators […]
Protective Safeguards Endorsement is a Condition Precedent Kinsale Insurance Company (“Kinsale”) sought declaratory relief against Sea Brook Harbor and Marine, et al (collectively “Seabrook”) arguing that Seabrook failed to comply with a condition precedent in the insurance policy it issued to Seabrook and that consequently there was no coverage for a fire occurring at Seabrook’s […]
The nationwide calculated weighted average premium rate increase for owner-occupied homeowners insurance was 11.3% through Dec. 29, 2023, according to S&P Global Market Intelligence’s RateWatch application. Key highlights from the analysis include: • In total, 25 states saw an effective rate change of at least 10% in 2023, compared to only six states during the […]
A new nationwide research / digital consultancy company Customertimes has shown that the cost of living crisis has forced Americans to abandon some ethicl aspects that were once common,, with 1 in 5 admitting they’ve considered committing insurance fraud. Customertimes surveyed 2,000 adults in the US to see how the downturn, tech adoption and insurance […]
AmTrust Financial Services, Inc., (“AmTrust” or the “Company”), a global specialty property casualty insurer,announced the appointment of James Thanasules as President of AmTrust Title Insurance Company (“AmTrust Title”). In this role, he will oversee AmTrust Title’s operations providing title insurance for the commercial and residential real estate industries. “I’m excited to continue working with James […]
Leading the Excess and Surplus Lines Market with Innovative Coverage for Cannabis and Nutraceutical Industries LIO Specialty Insurance Company proudly announces the launch of its state-of-the-art online portal. This innovative platform is set to transform the insurance process for wholesale brokers, offering the ability to quote, bind, and issue policies in a matter of minutes. […]
Physician-focused agency adds to National Healthcare Practice Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced that it has acquired Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency helping medical professionals manage a wide range of risks and liabilities. Terms of the deal were not disclosed. Founded […]
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