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Under the statute, policyholders are no longer permitted to reassign post-loss benefits, including any rights, duties, or benefits under their insurance policies. While insurers cannot require the use of a particular repair facility, they may still suggest preferred vendors and operate within existing repair networks.
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[ad_1] Jump to winners | Jump to methodology Experts in excess and surplus Insurance Business America’s 2025 data reveals that the best wholesale brokers and MGAs are becoming a bigger part of the industry as retail brokers rely on them more. Compared to last year’s survey, there has been a jump from 23.35 percent to 33…
[ad_1] The Florida Third District Court of Appeal has sided with a lower court in a case scrutinizing how Progressive Express Insurance Company managed multiple claims stemming from a single accident. The decision, issued May 28, 2025, leaves in place a trial court ruling from Miami-Dade County without offering a detailed written opinion. [ad_2] Source…
[ad_1] Designed for claims professionals, brokers, and underwriters across global markets, including the London market, general and specialty insurance in the UK, Europe, North America, Latin America, and the Asia-Pacific region, SmartRisk automates risk assessments and policy analysis. [ad_2] Source link
[ad_1] “Clearing dead plants, removing wooden furniture, (these are) things people might overlook outside forested areas,” said Heron. “There will be more focus on how homes are rebuilt and the materials used, especially roofing. If a roof isn’t fire-rated to a certain degree or is past a certain age, insurers may change terms, offering actual…
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[ad_1] The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.” [ad_2] Source link
