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Foreclosures increase as coverage gaps and higher risks drive market withdrawals Source link

At the heart of the proposal is a state-administered insurance pool, funded through a combination of legislative appropriations (capped at $25 million), fees from participating managers, and interest income. Liability coverage would be limited exclusively to prescribed burns conducted by certified individuals, with exclusions for workers’ compensation, automobile liability, and other professional liabilities. Source link

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.  Source link

Storey began his career in human services, with a background in mental health, veterans’ wellness, and substance use sectors. He holds a master of social work degree from Rutgers University and is a Certified Praesidium Guardian, reflecting training in abuse prevention and risk management. Source link

3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the discovery…

Insurance Business’ latest Competitor Analysis – Private Passenger Auto Insurance offers a rare and behind-the-headlines view of how these five behemoths are navigating the post-pandemic auto insurance landscape, one defined by margin compression, loss volatility, and digital acceleration. The report dissects the real-time consequences of strategy, structure, and speed by drawing on insights from leading…