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Intact reports catastrophe losses from storms in Canada, UK, and US
Intact Financial Corp. reported an estimated C$244 million (US$173.2 million) in net, pretax catastrophe losses for the first quarter of the year, driven by a series of weather-related events across Canada, the United Kingdom, Ireland, and the United States. Source link
LIC’s Index Plus: Secure Your Future with Growth & Protection
LIC’s Index Plus is an excellent choice for those looking for a balanced approach to life insurance and investment. Whether you want to secure your family’s future, plan for retirement, or simply grow your wealth, this plan offers flexibility, protection, and growth potential. With guaranteed additions, flexible coverage options, and tax benefits, it’s a reliable…
Florida house advances bill to end no-fault auto insurance
House Bill 1181 and its Senate counterpart propose to eliminate the state’s no-fault insurance law effective July 1, 2026. Under the proposed changes, drivers would be required to carry bodily injury liability coverage with minimum limits of $25,000 per person, $50,000 per incident, and $10,000 for property damage. Source link
New Mexico clamps down on personal data sharing – insurers take note
A newly signed bill in New Mexico has introduced sweeping restrictions on the disclosure of sensitive personal information by state agency employees, in a move that is likely to have compliance implications for insurers, contractors, and government service providers. The “Nondisclosure of Sensitive Personal Information Act,” passed under Senate Bill 36 (SB 36), will take…
Trump’s anti-DEI win could raise D&O, EPL costs
Firms brace for rise in litigation risks Source link
New York court shuts down city’s $100k reimbursement bid in firefighter injury case
In this case, the City of Newburgh allowed several years to pass before requesting an award for the post-retirement period. As a result, Schulze received both § 207-a(2) payments and retroactive workers’ compensation for the same time, totaling about $106,000. But the court made clear that the city’s remedy was not through the workers’ compensation…