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Minnesota moves to regulate peer-to-peer car sharing, impacting insurance industry
The bill, H.F. No. 2752, defines key operational terms for P2P car-sharing services, clarifying the legal distinctions between car-sharing and traditional rental services. Unlike traditional car rentals, peer-to-peer car-sharing allows private vehicle owners to rent their cars to others via online platforms. By excluding P2P car-sharing agreements from the legal definition of vehicle rentals, the…
Hurricane Irma-hit homeowner can’t sue surplus lines insurer Hamilton
Following the hurricane, Hamilton paid $81,521.13 to Shellpoint, which accepted the sum without objection. Ahmed, contending the payment was insufficient, sued the insurer directly, alleging breach of contract and seeking recovery as a third-party beneficiary. The breach of contract claim was dismissed early and not appealed. The remaining claim was dismissed with prejudice by the…
Condominium Insurance: The Policies You Need
Condominium associations are responsible for insuring the shared elements and more of their properties. From structural protection to liability coverage, having the right commercial insurance policies is critical to safeguarding the association and its members. Read on to hear from John Carroll, commercial staff underwriter at Central Insurance, as he explains why condominium insurance is…
Louisiana mandates insurance market review to assess 2025 reforms
Louisiana lawmakers are asking whether the big insurance fixes they passed earlier this year are actually making a difference. With premiums still sky-high and insurance carriers slow to return to the market, they’ve called for a thorough check-up on the state’s insurance health. In a resolution passed during the 2025 legislative session, officials requested the…
Universal Insurance hit with fine as it returns $30 million to fund
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. Source…
What is Commercial Umbrella Insurance?
With the rising costs of lawsuits, medical expenses, and settlements, your standard commercial liability coverage limits may fall short if you need it. That’s where commercial umbrella insurance plays a critical role, providing added protection when you need it most. Read the article below as Thomas McMillan, commercial underwriting specialist at Central Insurance, delves into…