Claims severity has risen, especially with high-profile systemic events and persistent privacy litigation. At the same time, Schnur said, underwriting practices have become more refined, and clients, particularly those in the mid-market and enterprise tiers, are significantly more cyber-savvy than they were five years ago.
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 updated database encompasses insured property assets with a total value of US$108 trillion, spread across 67 market portfolios in 21 countries. The countries include major markets such as the United Kingdom, Germany, the United States, and Japan. For the first time, SCS-related exposures have been broken down to include both property and motor hull…
Wycoff Insurance offers commercial and personal insurance products. As part of the deal, president Chris Eisses, vice president, secretary and treasurer Donnie Keltz, and the full Wycoff team will join Hub Northwest. The agency will now operate as Wycoff Insurance Agency, a Hub International company. Source link
Allard joins Starwood Capital with more than 27 years of financial services experience. Most recently, he helped establish Rothesay Asset Management North America, where he held dual roles as chief investment officer and head of Rothesay North America for seven years. Rothesay, originally founded within Goldman Sachs, was later acquired by Blackstone, GIC, and MassMutual…
The case arose after a June 2021 hailstorm damaged 86 townhomes in the Players Club Villas community. The association, which held a commercial property policy with QBE, submitted a claim days after the storm. While QBE acknowledged coverage, it issued a payment of only $1,587.05, citing actual cash value calculations and applying a 5% per-building…
The foundation will operate as a separate entity, with its board of directors and officers responsible for overseeing charitable strategy, funding decisions, and investment management. It will consolidate much of the company’s existing charitable activity, previously managed through the Erie Giving Network. Source link
