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Universal Insurance hit with fine as it returns $30 million to fund
[ad_1] Florida Attorney General James Uthmeier said the review identified numerous unrelated claims that should not have been submitted for reimbursement. These allegedly included non-hurricane-related damages, which, under the fund’s guidelines, were ineligible for payment. The attorney general’s office stated that Universal’s reporting practices led to excess payments from the hurricane fund, the report said….

Resilience proposals for incentivising homeowners to reduce property risks?
[ad_1] “We looked at 14 pools, different pools around the world, [and] most of these pools do not bring focus to the importance of resilience,” said Golnaraghi. “In fact, most of them, because of solidarity based principles, allow people to live in high-risk zones.” [ad_2] Source link

APCIA calls out Consumer Watchdog on "self-serving" lawsuit
[ad_1] “Reckless” move could destabilize homeowner protections, association argues [ad_2] Source link

Liberty Company partners with Hahn Insurance to expand in New Jersey
[ad_1] The agreement with Hahn Insurance Agency is the latest in a series of partnerships Liberty has established to scale its platform. Earlier this year, Liberty secured an additional $100 million in funding, led by JPMorgan Chase. This financing aims to fuel mergers, acquisitions, and innovation within the company. [ad_2] Source link

Colorado proposes $3 auto fee to fund crash prevention projects
[ad_1] The real cost for drivers in Colorado’s auto insurance market includes legal system abuses, catastrophic hail damage, impaired driving, and high repair costs, she said. “Colorado ranks 42nd for wildlife crashes, and adding a fee to address that won’t move the needle on what consumers actually pay,” Walker said. [ad_2] Source link

Insurers move to block coverage in Dude Products class action
[ad_1] Dude Products, a company incorporated in Delaware with its principal place of business in Chicago, is at the center of the dispute. The class action, filed March 20, 2025, in the Southern District of California, claims that Dude Products labeled its products, promoted them on its website, and advertised through third-party retailers as being…