Hurricane Milton poses a significant threat to the Florida property insurers concentrated in the state that lack diversification and therefore are acutely susceptible to significant catastrophic events.
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NFP, an Aon company, Acquires Miller Insurance Group
NFP, an Aon company and leading property and casualty (P&C) broker, benefits consultant, wealth manager and retirement plan advisor, today announced the acquisition of Richard S. Miller & Sons, Inc. dba Miller Insurance Group (MIG), a P&C and benefits agency with multiple offices in Indiana.
SIAA Hosts the Latest SHE Golfs Clinic in Partnership With Travelers Insurance
SIAA hosts a free event for employees to encourage them to feel comfortable and confident on the golf course.
Brown & Brown, Inc. Acquires the Assets of The Canopy Group
Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Paul Borchert and Jeff McDonald, principals of The Canopy Group, Inc., today announced that a subsidiary of Brown & Brown, Inc. has acquired the assets of The Canopy Group.
Las Vegas, New Mexico, Revitalizes Urban Forestry to Combat Post-Wildfire Flooding
Las Vegas, New Mexico, is embarking on a transformative urban forestry project aimed at mitigating post-wildfire flooding and addressing rising temperatures fueled by climate change.
Hurricane Milton: Florida Braces for Impact as Evacuations Ordered
As Hurricane Milton rapidly intensifies to a Category 5 storm, Florida is scrambling to prepare for what could be a devastating landfall along the state’s Gulf Coast.
US Property and Casualty Insurers See Stocks Slump as Hurricane Milton Intensifies
U.S. property and casualty insurance stocks took a steep dive on Monday as Hurricane Milton rapidly strengthened in the Gulf of Mexico, threatening to bring further financial strain to an industry already grappling with heavy losses from this year’s relentless hurricane season.
Navigating Insurance Coverage Disputes: The Role of Venue Selection
In the complex world of insurance coverage disputes, one key factor can significantly influence the outcome: the state law governing the policy.
GEICO Ends Insurance Coverage for Tesla Cybertrucks, Citing “Underwriting Guidelines”
GEICO, the second-largest auto insurance provider in the United States, has announced it will no longer offer insurance coverage for Tesla’s Cybertruck. The company has begun terminating existing Cybertruck policies, stating that the vehicle “doesn’t meet our underwriting guidelines.”
Major Companies Call for Nationwide Disclosure of Litigation Funding in U.S. Courts
Litigation funding, a practice where third-party investors provide financial backing to plaintiffs in exchange for a portion of any eventual settlement or judgment, has rapidly evolved into a multibillion-dollar industry.