HDI Global accuses NorGuard of failing to cover Brooklyn injury claim

[ad_1] Loyalty additions are paid as a one-time benefit in some policies in lieu of a simple reversionary bonus (SRB). The main difference is that, unlike the simple reversionary bonus, which becomes a part of the policy benefits as and when it is declared, loyalty additions shall be available to the policyholder only at the time of exit from the…

[ad_1] Matt Brannon, who authored the report, said tariffs affecting imports from countries such as China, Canada, Mexico, Japan, and Vietnam will disrupt the construction supply chain and add to repair costs. He noted a similar outcome during the COVID-19 pandemic, when material shortages and price hikes also contributed to higher insurance rates. [ad_2] Source…

[ad_1] State regulators warn of sharp premium increases [ad_2] Source link

[ad_1] The Supreme Court ruled, however, that Farmers met its legal obligations by using notice language approved by the state’s Department of Consumer and Business Services (DCBS). The court said insurers that adopt agency-approved wording are not liable for omitting portions of the statute, affirming that the legislature intended for such approval to serve as…

[ad_1] The deal provides Hadron with licensing in all 50 US states, Washington, D.C., and Puerto Rico, as well as a Certificate of Authority from the US Department of Treasury to issue federal surety bonds. These approvals expand the company’s admitted product capabilities and strengthen its position in the delegated authority space. [ad_2] Source link

[ad_1] Under the proposed legislation, the annual DFS notice may include the department’s disaster hotline, key contact details, and a link to the department’s online disaster and flood resource center. Additionally, it must feature a clear statement highlighting that standard homeowners and renters insurance policies do not typically cover flood-related damages, underscoring the necessity of…