Britannia Group CEO to step down

[ad_1] Sparks most recently held the role of executive vice president and chief underwriting officer at MS Transverse Insurance Group. His career in property and casualty insurance spans more than three decades, with previous roles including chief underwriting officer, chief actuary, chief financial officer and head of ceded reinsurance. He has worked at organizations such…

[ad_1] As part of its investigation, Plymouth Rock Home, through counsel John Leslie, requested that Mr. Billie provide financial records, tax returns, documentation of property improvements, and other materials. Between February 2021 and September 2022, the insurer made multiple follow-up requests. Mr. Billie, working with public adjuster John Cotter, submitted only a partial set of…

[ad_1] While both Landry and Temple emphasized the need to address issues such as legal abuse and distracted driving, they diverged on some matters. Landry advocated for limiting the use of credit scores in underwriting, a position that has met resistance from insurers, who argue that it impairs risk-based pricing. [ad_2] Source link

[ad_1] What’s the reasoning behind the move? [ad_2] Source link

[ad_1] The case stems from a fire that damaged Catskill Barbeque’s property in the Town of Fallsburg, Sullivan County. After the blaze, the business filed a claim with Mid-Hudson, its insurance carrier, seeking indemnification for its losses. Mid-Hudson responded with a payment of $175,000, arguing that this amount represented the maximum allowed under the policy….

[ad_1] “There’s a disconnect in California with some well-meaning consumer groups who don’t understand that insurance companies can’t continuously lose money and stay in business,” Jones said. “Instead of forcing carriers to subsidize wildfire losses through litigation, we should be focusing on prevention and mitigation—on hardening homes, building defensible zones, and using ember-resistant vents. Government…