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The property/casualty complaints unit closed 4,302 cases, generating nearly $4 million in recoveries, while the life/health unit closed 1,969 cases and secured almost $6 million. Within health-related disputes, complaints over denial of medically necessary treatments resulted in $430,000 recovered from 680 complaints.
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[ad_1] The sandbox’s entry requirements remain stringent. Applicants must submit a detailed technical and business plan, a $750 filing fee, demonstrate at least $25,000 in available funds, and provide extensive disclosures on financial backing and executive leadership. Crucially, innovations must offer consumer protections and pose “no unreasonable risk of consumer harm.” [ad_2] Source link
[ad_1] New research warns Antarctic sea ice loss could prompt irreversible climate shifts – raising sea levels and reshaping insurance risk [ad_2] Source link
[ad_1] Hub International also purchased the assets of Yavitz Insurance Group, a privately owned insurance agency based in St. Louis, Missouri. It also acquired Mayfield Insurance, an independent insurance agency that offers commercial and personal insurance, including life, home, auto and property insurance. [ad_2] Source link
[ad_1] The ruling, issued April 28, 2025, by the Indiana Court of Appeals, stems from a 2018 car accident in Bartholomew County. Lee Naylor, the injured party, was insured by Shelter under a policy that included underinsured motorist (UIM) coverage with a $100,000 per-person limit. The other driver, Mary Siener, was covered by State Farm,…
[ad_1] Companies that exited the market included United Property & Casualty (2023), FedNat Insurance Company (2022), Southern Fidelity Insurance Company (2022), Weston Property & Casualty Insurance Company (2022), Lighthouse Property Insurance Company (2022), Avatar Property & Casualty Insurance Company (2022), St. Johns Insurance Company (2022), Maison Insurance Company by way of FedNat (2022), Gulfstream Property…
[ad_1] Pre-tax catastrophe and weather-related losses, net of reinsurance, totalled US$49 million, or 3.7 points on the combined ratio. Of that, US$32 million, or 2.4 points, was attributed to the California wildfires. The remaining losses were related to other weather-related events. After-tax, catastrophe and weather-related losses totalled US$38 million. [ad_2] Source link
