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Central’s Regional Large Construction Underwriting Specalist
Central’s large construction team is growing, and at the heart of this expansion is Brian Shaffer, construction underwriting specialist. With nearly 25 years of experience in insurance—most of it specializing in construction underwriting—he brings a wealth of knowledge, strong industry relationships, and a deep commitment to delivering value to policyholders and agents. We sat down…
Why LIC’s Jeevan Utsav(Plan 871) is More Than Just Life Insurance
Description: ‘Sum Assured on Death’ plus accrued Guaranteed Additions, payable if the policy is in force. In LIC’s Jeevan Utsav Plan 871, the “Sum Assured on Death” is a crucial component of the death benefit. It’s essentially the guaranteed amount paid to the beneficiaries if the insured person passes away. This sum is the higher…
Donegal Mutual Insurance Company accuses policyholder of forged invoices
Michael’s Fabrics, LLC, a Baltimore-based retailer specializing in high-end fabrics, purchased a business owners’ insurance policy from Donegal Mutual Insurance Company for the period covering December 16, 2022, to December 16, 2023. The policy, for which the company paid an annual premium of $4,765, included $3,364 for property coverage. Source link
Citizens Property Insurance looks for $2.94 billion in new private risk transfer
The report, which reviewed various aspects of the carrier’s operations – including customer service, claims handling, internal audits, and information technology – found that Citizens needs to strengthen its processes to ensure policies adhere to statutory coverage limits. Source link
Wholesale insurance brokers and Managing General Agents gain ground as surplus lines market surges
This momentum has elevated standout firms such as Monarch E&S, Wholesure, and Gorst & Compass, each earning 5-Star status for their performance across 10 criteria including product range, tech innovation, and ability to place niche risks. Monarch E&S president Yiana Stavrakis emphasized the firm’s commitment to tailoring solutions for mid-market clients and exploring niche programs—most notably, a custom personal umbrella…
Attorney’s six-figure percentage fees in Hartford insurance case overturned
However, the appeals court dismissed this part of the appeal. Writing for the court, Presiding Judge Tookey noted that no formal judgment had been entered against Hartford on the breach of contract claim, making the denial of summary judgment for prejudgment interest not appealable. Moreover, the court emphasized that under Oregon law, denials of summary judgment…