News
Ian Claims in Florida Topping 449,000 So Far, But Many More Expected
The number of claims filed from Hurricane Ian continues to rise, topping 449,000 as of Monday, and estimated insured losses stand at more than $4.2 billion, the Florida Office of Insurance Regulation ...
AM Best Says Tower Hill ‘Rearranging the Furniture’; Faces Surplus, Capital Problems
The downgrade of one of Tower Hill's insurance companies by AM Best financial rating firm, announced the day that Hurricane Ian nosed into southwest Florida, has led to new speculation that Tower ...
Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%
Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of ...
IICF Launches Hurricane Ian Relief Fund
The Insurance Industry Charitable Foundation (IICF) has launched the IICF Hurricane Ian Relief Fund to support those in need in the wake of Hurricane Ian. Funds will benefit Team Rubicon, a nonprofit ...
Historic Homes May Prove to Be More Resilient Against Floods
Whenever historic homes get flooded, building contractors often feel compelled by government regulations to rip out the water-logged wood flooring, tear down the old plaster walls and install new, ...
Tech Bytes: New Partnerships at Guy Carpenter, Provana, Breeze
Guy Carpenter, a global risk and reinsurance specialist and a business of Marsh McLennan, announced that it has entered an agreement with TNEDICCA, a provider of location based traffic crash ...
Executives on the Move at Hippo, Texas Mutual, Guidewire
Hippo has hired Kelly Wolf as chief human resources officer. She will lead Hippo's HR team and is responsible for critical people-centered functions including employee relations, talent acquisition ...
Munich Re Commits to Stricter Policies for Oil & Gas Underwriting, Investments
Munich Re, the world's largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. The German ...