Hiscox sees steady Q1 performance as wildfire losses remain unchanged

The homeowners countered with their own expert – a licensed engineer – who had personally inspected the property and reviewed photographs, reports, and other records. The engineer acknowledged the possibility that the leak began unnoticed before July 2019, but crucially, he argued that there was no clear evidence of damage before October 2018, when the…

In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%, influenced…

Forget the 80s hard market or the 2008 crash. Today’s insurance landscape is rewriting the rules and not in contractors’ favor Source link

“With this reform package, we are directly addressing the cost drivers within our legal system, such as medical billing transparency, comparative fault, and general damages,” Temple said. “These are measures that we know will make a significant difference and begin to lower costs for families and businesses.” Source link

In 2024, Higginbotham completed several notable acquisitions, including Eagan Insurance Agency in Metairie, La.; Fountain, Parker, Harbarger & Associates in Huntsville, Ala.; Thompson & Smith Insurance in Jackson, Tenn.; Glenn Harris & Associates in Oklahoma City; and Barnard Insurance Agency. Source link

Background and dispute over coverage Kaufman was hired by JM Family Enterprises to build a corporate campus in South Florida. The project included multiple office buildings, a dining hall, a parking garage, and a central energy plant. By October 2020, some of the structures were completed, and JM Family had begun using them. However, additional…