Insurtechs’ Approach to Wildfire Insurance: Part II – Kettle
While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …
POSTED JANUARY 22, 2025 6:16 AM |
Alliant Employees Blocked From Soliciting Former MMA Clients
A federal judge in Manhattan overseeing an insurance brokerage poaching case has blocked three Alliant Insurance Services employees from soliciting or contacting any current Marsh & McLennan Agency (MMA) clients or using a spreadsheet of MMA clients that MMA alleges …
POSTED JANUARY 22, 2025 6:03 AM |
Growing Concerns About Wildfires in Carolina Thanks to Kindling Left by Helene
As southern California continues to suffer from wildfires, officials in another part of the country fear their area could be next – thanks to tons of dry wood left over from Hurricane Helene’s wind and flooding. “The number one fire …
POSTED JANUARY 22, 2025 6:01 AM |
New York Proposes Plan to Stabilize Broken Taxi Insurance Market
New York Governor Kathy Hochul proposed measures to stabilize the city’s taxi and rideshare insurance industry, which is reeling from the insolvency of its largest provider American Transit Insurance Co. Two of the bills would make it easier to adjust …
POSTED JANUARY 22, 2025 6:00 AM |
Hawaii Fireworks Blast Victim Injuries Comparable to Those Seen on Battlefield, Doctor Says
Some wounds suffered by six Hawaii residents flown to Arizona for medical treatment after a deadly illegal fireworks explosion on New Year’s are comparable to battlefield injuries, the doctor overseeing their care said. Dr. Kevin Foster, the director of the …
POSTED JANUARY 22, 2025 6:00 AM |
Connecticut Resiliency Plan Includes Flood Insurance, History Notification Mandate
Connecticut Governor Ned Lamont is proposing legislation aimed at improving the state’s resilience in the face of severe weather events, including requiring expanded notification to homeowners and renters of the availability of flood insurance and the flood history of a …
POSTED JANUARY 22, 2025 6:00 AM |
Washington House Flippers Fined $116K Over Asbestos Removal Rules
Two Vancouver, Washington, business owners are facing a combined $116,000 in fines for ignoring rules to protect workers, neighbors, and the environment from exposure to hazardous asbestos at a home-flipping site. The Washington State Department of Labor & Industries issued …
POSTED JANUARY 22, 2025 6:00 AM |
New Orleans Landscaper Ordered to Pay $319K in Back Wages
TheU.S. Department of Labor has recovered $319,065 in back wages for 49 workers employed by a New Orleans landscaping company that misclassified them as independent contractors and, by doing so, denied them overtime pay. The department’s Wage and Hour Division …
POSTED JANUARY 21, 2025 5:47 PM |
Tropolis Acquires 4 Agencies in Midwest
Tropolis, an insurance brokerage that provides property & casualty (P&C) and employee benefits solutions, announced it has completed the acquisitions of four Midwest insurance agencies. Terms of the private transactions were not disclosed. The four businesses are BDMH Enterprises, an …
POSTED JANUARY 21, 2025 5:44 PM |
LA Braces for Fire Risk From Bone-Dry Winds as Winter Rains Lag
Dangerous winds and drought will create extreme fire risk across Southern California Tuesday, putting more than 11 million people in the path of conditions that would allow blazes to spread quickly as the region holds out hope for rain. Seasonal …
POSTED JANUARY 21, 2025 5:41 PM |