Heritage faces disaster losses as net income declines

Mercury Insurance, headquartered in Los Angeles, offers personal auto, homeowners, and renters insurance in several states through independent agents. The firm outlined several ways uninsured drivers impact insurance rates. When more drivers are uninsured, insurance companies face increased risk because they must cover more accident-related costs. As a result, insurers raise rates for all policyholders,…

Whitfield also served as senior legislative representative at the National Association of Realtors and legislative analyst and public affairs specialist at the White House Office of National Drug Control Policy. Additionally, he spent five years as deputy press secretary for former Senate Majority Leader Trent Lott (R-Miss.). Source link

Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. Source link

A search for solutions With the legislation in limbo, lawmakers have turned to a task force model, aiming to bring all stakeholders to the table – including the Department of Insurance, DCFS, insurers, legal advocates, and child welfare organizations. The group is expected to begin meeting within 30 days of all appointments and must submit…

3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the discovery…

Court asked to compel appraisal process after storm damage dispute Source link