While the Los Angeles wildfires inch closer toward containment, estimates of insured losses continue to creep higher. CoreLogic said the industry price tag of the Palisades and Eaton fires could land between $35 billion and $45 billion. Moody’s RMS, in …
Insurtechs’ Approach to Wildfire Insurance: Part I – Delos Read More »
RALEIGH. N.C. (AP) — Base rates for North Carolina homeowners’ insurance premiums will increase on average by about 15% by mid-2026 as part of a settlement reached by the state Insurance Department and the industry. The agreement announced Friday by …
North Carolina Settles on 15% Increase in HO Rates Read More »
ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of …
Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork Read More »
Rainbow, a digitally enabled managing general underwriter based in San Francisco, California, announced raising $8 million in Series A funding led by Zigg Capital. The MGU says the financing, which closed in the fourth quarter of 2024, will accelerate plans …
Rainbow Gets $8M Series A Funding to Expand Small Business Offerings Read More »
By David Voreacos Jan 17, 2025, 2:56 PM Word Count: 346 (Bloomberg) — The New Jersey attorney general’s office cleared state law enforcement officials of wrongdoing in a corruption case involving former US Senator Robert Menendez, who awaits sentencing after …
NJ Officials Cleared of Wrongdoing in Menendez Corruption Case Read More »
Many drivers feel ready to tackle Pacific Northwest winter weather. A poll shows 59% of Northwest drivers report feeling comfortable driving in snow and ice. PEMCO Mutual Insurance polled Washington and Oregon drivers for their perceptions about their own driving …
Poll: Two-Thirds of Northwest Drivers Feel Comfortable Driving in Snow And Ice Read More »
The Professional Insurance Wholesalers Association (PIWA) and the New England Surplus Lines Association have merged. The combined organization will operate under the PIWA name and serve excess-and-surplus wholesalers throughout the Northeast. The organization serves as a resource for wholesale brokers …
New York, New England Surplus Lines Insurance Groups Merge Read More »
World Insurance Associates LLC acquired the business of Business Contractors Insurance Services in Santee, California. BCIS was founded more than 15 years ago. The firm provides insurance services to individuals and businesses. World Insurance Associates is headquartered in Iselin, N.J., …
World Insurance Associates Acquires Business Contractors Insurance in California Read More »
Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range. The Jan. 17 estimate from Moody’s RMS came a day after CoreLogic put out a …
Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B Read More »
The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. RiverStone International, a holding company that acquires insurance businesses, has leased the final remaining floor at 22 Bishopsgate, …
City of London’s Tallest Tower Fully Leased With RiverStone International Deal Read More »
