Similar Posts
Starwind Specialty introduces four new insurance programs
New product offerings Starwind Environmental, led by Program President Mike Padula, will provide coverage for a range of environmental exposures. The program is intended for contractors, property owners, and environmental service providers. Available products include Contractors Pollution Liability (CPL), Contractors Pollution and Professional Liability (CPPL), Site Pollution Liability (SPL), Transportation Pollution Liability (TPL), and Environmental…
State Farm wins back right to pursue subrogation in warehouse fire case against Moving & Storage
Before that final payment, however, K&B reached a separate settlement with Moving & Storage’s insurer, Selective Insurance Company of America. On November 16, 2020, Selective paid K&B $92,424.24 in exchange for a general release. The agreement released both Selective and Moving & Storage from “any and all claims that may be submitted by another insurance…
Oregon bill seeks to end insurance exemption from UTPA
Senate Bill 174 would remove the exemption the insurance industry has had since the UTPA was enacted in 1971. The act governs a broad set of business conduct rules, including civil penalties, price discrimination, antitrust enforcement, and fair marketing practices. Source link
Resilience expands to offer services to large enterprises
According to Resilience’s 2024 Cyber Risk Report, third-party related claims made up 31% of all cyber claims, with 23% of material losses linked to third-party risks. Ransomware remained a leading cause of loss, with 43% of claims involving first-party ransomware incidents. Additionally, ransomware targeting vendors emerged as a significant source of business interruption, contributing to…
Regulatory uncertainty clouds environmental liability insurance market
“A decade ago, 10-year policies were common. Five years ago, five-year terms were easy to secure,” she said. “Now, many carriers limit policies to three years, or even just one year in some cases. This shift stems from growing uncertainty – insurers want the flexibility to reassess risks annually, accounting for changes in regulations, climate,…
New Jersey bill to require insurers to cover medical care for menopause – report
Dr. Christmas said hormone replacement therapy is one option for treating night sweats, genitourinary symptoms, or early onset menopause before age 40, as early menopause increases the risk of cardiovascular disease, cognitive decline, and osteoporosis. Hormone therapy is available in the form of pills, patches, creams or gels. The US Food and Drug Administration has…