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FM taps former Acrisure CPO for top HR post
She brings years of global HR leadership to the role Source link
Cigna reports $1.3 billion quarterly profit and lifts 2025 forecast
The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That transaction…
Insurance agent loses lawsuit against United States Liability Insurance Company (USLI)
Agent accused of mishandling premium payments on the hook after fire disaster Source link
California expands FAIR Plan insurance limits amid escalating wildfire risk and market strain
The expansion is a centerpiece of Lara’s “Sustainable Insurance Strategy,” a broad effort to stabilize California’s fractured insurance market amid mounting climate-related losses. In recent years, major carriers have pulled back from insuring properties in wildfire-prone regions, citing escalating claims and regulatory constraints. The FAIR Plan – intended as a backstop for those unable to…
RT Specialty launches public entity casualty program
RSPE also considers a range of classes, including municipalities, public schools, community colleges, special service districts, and transit authorities. Eligibility is open to pools and individual risks, with a minimum self-insured retention (SIR) of $100,000 and a minimum premium of $125,000 per account. Source link
Winterize That Second Home To Prevent Damage While You’re Gone
Do you have a vacation cabin or another property that you use during the summer but leave empty during the winter? If so, you need to winterize your getaway so you don’t find a mess when spring arrives. Winterizing may take a few hours of work, but being thorough can prevent serious problems. These include…