Insurers to face millions in losses following severe storms in Texas – report

Urban properties in higher-crime areas present more potential for tenant or guest injuries and incidents. Older multi-family buildings with outdated infrastructure can lead to slip-and-fall accidents, fire hazards, or structural failures.  Short-term rentals often have high guest turnover, less oversight, and an increased likelihood of property misuse or injury.  Properties with…

Wassersug, with 22 years of experience at Intercontinental Exchange (ICE), will lead Acrisure’s IT initiatives and support its transformation into a global fintech leader. Meanwhile, Pelsinger, who previously served as global head of corporate development at Palantir Technologies, will oversee Acrisure’s legal, human resources, and regulatory functions. Source link

Moving from Summer to Fall brings many changes: back to school, leaves changing colors, football, cooler weather, etc.  It’s also a time to prepare your home and auto for the colder months ahead. Here are some essential tips for homeowners: 1.        Clean Your Gutters – remove leaves and debris to prevent clogging, which can lead…

At issue on appeal are two CGL policies issued by National Union Fire Insurance Company of Pittsburgh, PA, to Griffith Foods, covering the periods from September 30, 1983, to September 30, 1985. Each policy included a standard-form pollution exclusion, which bars coverage for: “bodily injury or property damage arising out of the discharge, dispersal, release…

Last year, State Farm filed for property/casualty rate increases of 30% to 55%, citing concerns about maintaining solvency. The proposed hikes include a 30% increase for non-tenant homeowners, 55% for condominium coverage, 41.6% for tenant policies, 53.6% for personal liability umbrellas, 38% for rental property damage, and 55% for business owner policies, according to the…

In an age of nuclear verdicts, this kind of underwriting has become a high-stakes venture, where an establishment’s vibe can outweigh its compliance Source link