A North Carolina insurance agent is awaiting a court appearance next week after he was charged with fraudulently taking out a life insurance policy with Southern Farm Bureau Life Insurance Co. The North Carolina Department of Insurance said that Matthew …
North Carolina Insurance Agent Charged With Forgery, ID Theft on Life Insurance Policy Read More »
ERWIN, Tenn. (AP) — After 24 years of guiding whitewater trips on the Nolichucky River Gorge for other companies, Patrick Mannion finally received a permit last year to operate his own outfitter business. But following the devastation of Hurricane Helene, …
Whitewater Rafting Businesses Face Uncertain Future After Hurricane Helene Read More »
Utility company Hawaiian Electric on Tuesday welcomed the Hawaii Supreme Court’s decision towards finalizing the more than $4 billion settlement related to the 2023 Maui wildfires saying it was favorable to the company. The state’s top court had ruled against …
Hawaiian Electric Welcomes Top Court’s Ruling on $4B Wildfire Settlement Read More »
Wildfire Defense Insurance Services Inc. has launched wildfire only coverage for E&S commercial property in California. The product is available for a range of commercial property classes of business. The target class of business includes apartments, condo associations, warehouses, wineries …
WDIS Launches Wildfire Only Coverage for E&S Commercial Property in California Read More »
PADIC Elects Basi President The Pacific Association of Domestic Insurance Companies, headquartered in Auburn, California, elected Anisha Basi, general counsel for Pacific Specialty Insurance Co., to serve as PADIC president. Basi’s role at Pacific Specialty has been primarily focused on …
American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but insurance underwriting income was down 29% on high catastrophe losses. AIG said the dramatic increase in income for the quarter …
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes Read More »
California Insurance Commissioner Ricardo Lara approved a California FAIR Plan request for a $1 billion assessment on admitted market insurers to cover claims from the Los Angeles wildfires. The FAIR Plan reported it has paid more than $914 million to …
Insurance Commissioner OKs FAIR Plan Request for $1B Assessment for LA Wildfires Read More »
Needham, Massachusetts-based Kaplansky Insurance Agency has been acquired by the national financial services firm Alera Group. This new partnership brings more than 100 agents to add to Alera Group’s property/casualty offerings in the Northeast. The independent agency was founded in …
Alera Group Acquires Kaplansky Insurance Agency in Massachusetts Read More »
This post is part of a series sponsored by Old Republic Surety. Many commercial contractors have experienced the stress caused by the surety requiring them to obtain a financial statement prepared by a certified public accountant (CPA). Often this is …
Your Underwriter Says You Need a CPA-Prepared Statement. What Now? Part I Read More »
The Michigan Department of Insurance and Financial Services (DIFS) is highlighting in-demand jobs available to Michiganders in the insurance field as part of Insurance Careers Month. More than 73,000 Michiganders work in the insurance industry, according to a study conducted …
Michigan DIFS Advocates for Careers in the Insurance Industry as Part of Careers Month Read More »
