“We also brought our partnership ethos to the incumbent agents, striving to achieve a smooth, seamless process, to focus our efforts on policies we believe can be underwritten on an actuarially sound basis within 20% of Citizens rates and to limit our reweighting predominantly to reflect our commitment to statewide diversification and exposure management,” he said.
Lee said that, if enacted, the law would likely be the first of its kind in the US. However, similar proposals have been introduced in other states. In January, a bill was introduced in the California Senate that would grant policyholders and insurers the ability to file civil suits against fossil fuel companies. Source link
Following the sale, Lennon and her company continued to operate the venue under the Warehouse 215 name, using it in promotional materials, liquor license applications, and business filings. Bentley Projects filed a suit in Arizona state court, accusing them of unauthorized use of the trade name, unfair competition, and trademark infringement under both Arizona law…
The fund operated effectively throughout the 1990s, insuring approximately 155,000 policyholders statewide by 1999. However, as private insurers gradually returned to the market, the HHRF ceased issuing new policies in December 2000 and became dormant by 2002. Despite its inactivity, the fund maintained a reserve balance to ensure readiness in the event of future market…
The truck repair industry is crucial in maintaining the U.S. transportation infrastructure by ensuring commercial trucks remain operational. As demand for reliable freight transport grows, the industry has seen steady expansion in recent years and is expected to continue its upward trajectory. Operating a truck repair shop involves servicing large vehicles such as on-highway, vocational,…
Speaking to IB, he said that most industry leaders agree that the future of insurance networks will be shaped by strategic growth, technological advancements, and increased collaboration. Specifically, Strakhov pointed to discounted vendor services, specialized support in accounting, legal, financing and consulting, as well as partnerships with MGAs and wholesalers that allow agents to manage…
