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Grange Insurance files application for restructuring
[ad_1] The company is looking to convert to a mutual holding company structure [ad_2] Source link

55 insurance terms you should know about
[ad_1] All-risk Also referred to as open perils, all-risk coverage insures against all types of losses, except for those that are specifically excluded from the policy. This applies to several property and casualty (P&C) categories, including homeowners, auto, and commercial insurance. [ad_2] Source link

Hamilton Global Specialty names new underwriter for Syndicate 4000
[ad_1] 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…

Court rules Admiral Insurance may be liable for faulty construction damages under CGL policy
[ad_1] The case began when Weston and Carrie Twigg hired Rainier Pacific Development LLC in 2011 to build a home on a sloped property in Oregon. After moving in, the Twiggs identified multiple construction defects, including a garage floor that cracked and sloped inward, directing water toward the house. A settlement followed. Under a “Repair…

When tariffs attack, risk managers pivot
[ad_1] Vince Gaffigan, executive vice president and director of risk consulting at Lockton, addressed the increased complexity faced by risk managers today. According to Gaffigan, interconnected global systems in finance, technology, supply chains, and energy, combined with geopolitical shifts and market volatility, have significantly increased the speed at which risks develop. [ad_2] Source link

Indiana court reverses defamation ruling against homeowner in EDCO contractor dispute
[ad_1] The case began over a boiler installation in 2014, when Judy Lammons called EDCO Environmental Services, Inc., an HVAC contractor in Crown Point, Indiana, to replace her broken boiler. She agreed to have what she understood to be a new, high-efficiency unit installed. EDCO completed the work that day and billed her for a…