The report highlights a rise in the percentage of homeowner insurance claims closed with no payment. Nationally, 41.9% of claims were closed without payment in 2024, up from 25.8% in 2004. In Louisiana, the rate was higher, at 44.6%. Several insurers closed more than half of their homeowner claims without making any payments.
The appointments come amid broader leadership changes at Hamilton. In February, the company named Mike Thorp as head of space and Chris Golder as head of treaty. Thorp, who joined Hamilton in 2015, was instrumental in launching its space underwriting business. Golder, who came on board in 2023, has 16 years of experience in the…
In a decision issued April 10, 2025, the Oregon Supreme Court affirmed that Continental Casualty Company retains the right to seek contribution from another insurer for environmental cleanup defense costs it paid, even after the co-insurer entered into a settlement with the insured. The court’s ruling in Continental Casualty Co. v. Argonaut Insurance Co., 373…
Shareholders met in Trieste on Thursday to elect a new board for a three-year term. The vote follows ongoing tensions between management and key investors. On one side is Mediobanca SpA, Generali’s largest shareholder, while on the other are the families of the late Leonardo Del Vecchio and Caltagirone, the second- and third-largest shareholders, respectively….
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. Source link
Under the bill, service of process and official communications from the Insurance Commissioner may now be delivered via electronic mail. Insurance producers, particularly nonresident licensees, are expected to monitor their designated email accounts regularly. Failure to do so could result in significant legal or administrative repercussions. Source link
