Similar Posts
Oregon court reverses $26 million insurance class action
The dispute began when Steven Bellshaw, an Oregon policyholder, filed a class action lawsuit against Farmers Insurance Company of Oregon. He alleged that the company’s notice, issued with his motor vehicle insurance policy in 2011, violated ORS 746.290(2)(b), which requires every policy to be accompanied by: Source link
The Top Six Coverages to Consider
Operating a used car dealership comes with unique risks requiring the right used car dealer insurance. Whether you’re a small, independent dealer or part of a multi-state operation, minimizing risk and protecting your business is essential. In this article, Jason McConkey, Director of Transportation at Central Insurance, shares insights on the key factors influencing used…
Insurance networks at a crossroads: Growth slows as consolidation reshapes the industry
Speaking to IB, he said that most industry leaders agree that the future of insurance networks will be shaped by strategic growth, technological advancements, and increased collaboration. Specifically, Strakhov pointed to discounted vendor services, specialized support in accounting, legal, financing and consulting, as well as partnerships with MGAs and wholesalers that allow agents to manage…
Missouri passes bill allowing qualified organizations to offer healthcare benefit plans
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….
Insurance moves at WTW, BHSI, Hub and Zurich North America
Spinelli will oversee claims within Willis’ Alternative Asset Insurance Solutions (AAIS) division, managing claims for representations and warranties, tax, and contingent risks. He brings 15 years of experience in insurance and litigation, including prior roles at VALE Insurance Partners and Liberty Global Transaction Solutions, as well as a background in underwriting and commercial litigation. Spinelli…
North American insurance industries brace for tariff shock
“The new tariffs announced this week, which will impact imported vehicles and auto parts, are expected to inflate the cost of new cars, repairs and used car values due to tight profit margins for manufacturers and the interconnected global supply chain,” Friedlander said. “This could generate higher premiums for home insurance and business insurance, in…