Virginia tightens surplus lines insurance broker rules, offers relief for public transit insurers

“People like to have that personal touch with a claims adjuster” Source link

‘In the world of wholesale brokerage, every day brings new possibilities to dig in,’ says regional president Source link

However, during the hearing, Zurich disclosed that approximately 15 to 20 employees handled war-risk claims. Judge Corley directed the primary insurers to query those individuals about any prior claims involving vessel seizures, captures, or detainments, and to share their findings with Chevron. Source link

Although SB 79 exempts these plans from certain state and federal health insurance laws, it requires coverage for ambulance services, hospitalizations, emergency services, and lab work. Additionally, the plans must have an annual coverage limit of at least $2 million, and applicants must be members of the organization for at least 30 days before qualifying….

For a personalized premium calculation and detailed benefit illustration of LIC’s Jeevan Labh 736, download the Smart – All In One Calculator Android app. This app provides: ✔ Instant premium calculations based on your age, term, and sum assured ✔ Maturity benefit estimation with bonuses and final addition bonus ✔ Comparison of different policy terms…

Bunch also said developments in California’s property segment are tied to wildfire exposure, confidence in new catastrophe models, and reinsurance support. Filing new programs in the state remains difficult, he added, especially when competing with a state-run plan. Source link