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Hadron completes acquisition of GCNA
[ad_1] The deal provides Hadron with licensing in all 50 US states, Washington, D.C., and Puerto Rico, as well as a Certificate of Authority from the US Department of Treasury to issue federal surety bonds. These approvals expand the company’s admitted product capabilities and strengthen its position in the delegated authority space. [ad_2] Source link
Tokio Marine Highland names new CEO
[ad_1] In January, Tokio Marine Highland marked the 30th anniversary of its Private Flood Division, originally established by Heinrich in 1995. The division, which began in Heinrich’s garage, has evolved into a market leader in private flood insurance, offering residential, commercial, and excess flood coverage. [ad_2] Source link
California appeals court rules against hospital billing Progressive directly from UM policy
[ad_1] The dispute arose after a patient, M.G., who was covered by Medi-Cal, received emergency and ongoing treatment from Dameron following an automobile accident. During the admissions process, either M.G. or her representative signed the hospital’s Conditions of Admission (COA) form. That form included an AOB clause covering “all uninsured and underinsured motorist insurance benefits…
Lloyd’s reports lower profit in 2024 with higher claims ratio from disasters
[ad_1] Lloyd’s 2024 results Gross written premium for the year, meanwhile, rose to £55.5 billion, up from £52.1 billion in 2023, representing a 6.5% increase. The growth was driven primarily by an 8.5% rise in volume, including 7.6% from existing syndicates and 0.9% from new entrants. [ad_2] Source link
Will updated wildfire hazard maps affect insurance rates or coverage?
[ad_1] The maps evaluate hazard rather than risk, according to the fire marshal, using a method similar to flood zone mapping. They estimate the likelihood of wildfire based on factors such as topography, vegetation, wind patterns, ember production and movement, climate conditions, and fire history, without predicting specific outcomes. [ad_2] Source link
6 Insurance Policies For A Metalworking Manufacturing Business
[ad_1] Metalworking, which dates back to prehistoric times, began with shaping soft metals like gold and has since advanced into a sophisticated industry that includes techniques such as hammering, smelting, forging, and welding. Metalworking helps support nearly every facet of our lives, from essential tools and appliances to construction projects like buildings and bridges to…