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Florida insurer Mangrove accepts 30,000 policies in Citizens transfer plan
“We also brought our partnership ethos to the incumbent agents, striving to achieve a smooth, seamless process, to focus our efforts on policies we believe can be underwritten on an actuarially sound basis within 20% of Citizens rates and to limit our reweighting predominantly to reflect our commitment to statewide diversification and exposure management,” he…

New York court rules Utica First not liable in Nino & Nino wrongful death suit
The Supreme Court, Queens County, denied both motions. But the Appellate Division, Second Department, reversed the ruling in part, siding with Utica. The court held that a party must be named as an insured or additional insured on the face of the policy as of the date of the incident to be eligible for coverage….

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…

Insurers see trade disputes as growing risk, Goldman Sachs survey finds
Trade policy and economic uncertainty Since returning to office in January, President Donald Trump has introduced and modified tariffs on major trade partners, including China, Canada, and Mexico. A Wall Street Journal report on March 23 suggested the administration planned to narrow the scope of new tariffs set to take effect in April, opting for…

Steadfast Group’s new broker offering in New Zealand
Steadfast Group, Australasia’s largest brokerage network, with a presence in the US, has expanded its client trading platform in New Zealand to include personal lines. A media release today said Ando Insurance Group (Ando) is the first insurer partner and is offering home, contents and car insurance. Source link