Extreme weather events likely to cause billions in insured losses – report

[ad_1] How much does foreseeability matter for a workman’s shoddy construction work to be covered? [ad_2] Source link

[ad_1] Effective July 2024, Kansas also increased workers’ compensation benefits for injured or deceased workers. The total death benefit rose from $300,000 to $500,000, and the cap for permanent total disability increased from $155,000 to $400,000. This legislation, the first update since 2011, aims to create a more equitable system. [ad_2] Source link

[ad_1] With the passage of Senate Bill 831 during the 2025 legislative session, state lawmakers have expanded regulatory requirements for insurers that are part of holding company systems. The new provisions, which become operative on January 1, 2026, revise five key sections of Oregon Revised Statutes—ORS 732.548, 732.553, 732.569, 732.574 and 732.586—and bring Oregon in…

[ad_1] Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. [ad_2] Source link

[ad_1] The transaction values Acrisure at US$32 billion, representing an increase of nearly 40% from its last institutional capital raise three years ago. The company has recently added senior leadership as part of its growth plans, including the appointment of Mark Wassersug, former COO of Intercontinental Exchange, as chief technology officer, and Shawn Pelsinger, previously…

[ad_1] Court asked to compel appraisal process after storm damage dispute [ad_2] Source link