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If this bill passes it will eradicate Florida’s insurance market – FJRI
Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new insurers…
New York proposes major disaster relief and insurance reform package
In the wake of a devastating EF2 tornado that hit Rome, New York, in July 2024, lawmakers are moving to strengthen disaster resilience with a sweeping legislative package. Senate Bill 7761, introduced by Sen. Joseph Griffo on May 5, 2025, outlines a three-part initiative aimed at delivering immediate aid and long-term climate mitigation tools for…
HUB International launches new offering for high-net-worth clients
The offering is powered by Insureon, HUB’s digital marketplace for small business insurance. The platform provides clients with access to coverage options from over 30 insurance carriers, including general liability, commercial auto, property, business owners, cyber, and errors and omissions. HUB Private Client Risk Advisors also assist in aligning business insurance with clients’ broader wealth…
Allstate reports huge pretax cat loss
Eleven events contributed to the March total, with four large-scale systems involving wind and hail accounting for approximately 80% of the losses Source link
Willis launches new FinTech Plus product
“FinTech Plus exemplifies Willis’ commitment to innovation and our alignment across the global network,” said Trenton McNee, fintech and digital assets industry leader for Great Britain. “Working closely with our US counterparts, we combined deep industry insight with Willis’ worldwide insurer partnerships to craft a truly dynamic solution, one that anticipates tomorrow’s risks and supports…
Court lets insurance, mortgage servicing claims move forward after wind damage denial
In an order issued March 20, Judge Henry T. Wingate of the US District Court for the Southern District of Mississippi denied motions to dismiss filed by PennyMac Loan Services, LLC and Caliber Home Loans, Inc. The ruling allows plaintiffs Ashley C. Guerdan and Catherine E. Guerdan to proceed with their lawsuit, which includes claims…