Lawsuits Loom with U.S. Companies Covering Employee Abortion Costs

Investors sue Lighthouse Insurance Company

A growing number of large U.S. corporations have stated that they will cover travel expenses for employees who must leave their home states to obtain abortions, but these new policies may expose businesses to lawsuits and even criminal liability, according to legal experts. Amazon.com Inc, Apple Inc, Lyft Inc, Microsoft Corp, and JPMorgan Chase &… Continue reading Lawsuits Loom with U.S. Companies Covering Employee Abortion Costs

SURE and SageSure Launch First Commercial Product for Texas Business Owners

SageSure acquires GeoVera

SureChoice Underwriters Reciprocal Exchange (SURE), the member-owned insurance company for reliable coastal property protection whose policies are exclusively available through SageSure, has just launched its first commercial insurance product for small- and medium-sized businesses in Texas. SURE’s business owners policy (BOP) combines both property and general liability coverage in one convenient, affordable package, addressing the… Continue reading SURE and SageSure Launch First Commercial Product for Texas Business Owners

G-7 Weighs Russia Oil-Price Cap Via Insurance, Shipping Ban

Ship tanker oil or gas LPG parking on the sea waiting for unload to refinery.

According to people familiar with the matter, the Group of Seven nations is discussing a price cap on Russian oil that would work by imposing restrictions on insurance and shipping. The potential mechanism, according to sources, would only allow the transportation of Russian crude and petroleum products sold below a predetermined threshold. G-7 leaders and… Continue reading G-7 Weighs Russia Oil-Price Cap Via Insurance, Shipping Ban

First Indemnity Adds Capacity to Promote Continued Growth

First Indemnity Risk Management

First Indemnity Insurance Group, a specialty insurance agency dedicated to professional liability products for lawyers and law firms, announces today it has secured further underwriting capacity with the addition of State National Insurance Company, Inc. An AM Best Rated A (excellent) insurance carrier. State National is located in the Dallas-Fort Worth area of Texas. “As… Continue reading First Indemnity Adds Capacity to Promote Continued Growth

Charles Cook Joins Alliant Insurance Services’ Employee Benefits Group in Orlando

Employee benefits consultant Charles Cook has joined Alliant Insurance Services as Executive Vice President within its Employee Benefits Group. Based in Orlando, Florida, Cook has more than three decades of experience across all aspects of the benefits space and will work with a diverse client base as Alliant continues to expand its presence in the… Continue reading Charles Cook Joins Alliant Insurance Services’ Employee Benefits Group in Orlando

IICF Gathers 1,000 Attendees to Advance DEI at the Inclusion in Insurance Regional Forums

IICF holds future of work reform

The Insurance Industry Charitable Foundation (IICF), a nonprofit organization dedicated to helping communities and enriching lives, gathered 1,000 insurance professionals from across the US for the IICF Inclusion in Insurance Regional Forums this month, a series of events dedicated to advancing ideas into action around diversity, inclusion and innovation while benefitting charitable causes. Insurance industry… Continue reading IICF Gathers 1,000 Attendees to Advance DEI at the Inclusion in Insurance Regional Forums

Hackers Steal $100 Million by Exploiting Crypto’s Weak Link

SEC fine for cryptocurrency trading company

Hackers stole approximately $100 million from a so-called cryptocurrency bridge, exposing yet another critical vulnerability in the digital-asset ecosystem. The hack of Blockchain Harmony’s Horizon bridge, which allows people to swap coins between different blockchains, occurred Thursday morning, according to a tweet from the company. It has “begun working with national authorities and forensic experts… Continue reading Hackers Steal $100 Million by Exploiting Crypto’s Weak Link

Extreme Fraud and Litigation Responsible for Florida’s Homeowners Insurance Market’s Demise: Triple I

Florida insurance crisis

With its overabundance of unneeded new roofs on homes, and flashy lawyer billboards at every turn claiming massive settlements on claims, Florida’s insurance market is on the verge of failure. Even more, this man-made catastrophe is causing financial strain on resident consumers, as the annual cost of an average Florida homeowners insurance policy will skyrocket… Continue reading Extreme Fraud and Litigation Responsible for Florida’s Homeowners Insurance Market’s Demise: Triple I

U.S. Insurers Lead Way on Climate-Related Disclosures, Triple-I Tells SEC

climate change and higher insurance rates

Creating a new layer of federal oversight would neither enhance nor standardize the climate-related disclosures U.S. insurers make to investors, the Insurance Information Institute (Triple-I) said in a letter sent to the U.S. Securities and Exchange Commission (SEC). Triple-I’s letter came in response to the SEC’s request for public comment on its proposed rulemaking, “The… Continue reading U.S. Insurers Lead Way on Climate-Related Disclosures, Triple-I Tells SEC

Estimated 115 Homes in Montana Destroyed or Severely Damaged in Flooding

driving in yellowstone national park - cody, wy - usa

The state of Montana has requested assistance from the Federal Emergency Management Agency for individuals who have suffered significant losses as a result of the flooding that has devastated parts of south-central Montana. The request, signed by Gov. Greg Gianforte on Wednesday, seeks to activate FEMA’s Individual Assistance Program, which is part of the Biden… Continue reading Estimated 115 Homes in Montana Destroyed or Severely Damaged in Flooding