The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors.
Category: Show on Homepage
Commissioner Foresees Legal Challenge to California Property Cover Changes
California history is littered with too-fast remedies that haven’t stood the test of time, Insurance Commissioner Ricardo Lara told legislators questioning why his department can’t move more quickly to solve a property insurance marketplace crisis.
Journalists Sue the Chicago Tribune, Alleging Wage Discrimination
Chicago Tribune journalists filed suit Thursday against the newspaper’s owner, claiming it has knowingly paid them less than their white or male counterparts.
Florida’s 125% Surge in Property Insurance Bills Sows Havoc
With Florida being threatened by more powerful hurricanes, commercial-property insurance costs last year surged at nearly five times the national pace, according to credit rating firm AM Best.
Farmers to Resume Offering Key Lines of Business Insurance in California
Farmers Insurance® announced it will resume accepting new business Commercial Multi-Peril applications for Auto Service & Repair, Habitational, Manufacturing, Real Estate and Wholesale Distribution policies in California, as of August 1, 202
U.S. Studying If Other Bridges at Risk After Baltimore Collapse
The U.S. Coast Guard said it is evaluating whether other bridges nationwide are at risk after a cargo ship crashed into the Francis Scott Key Bridge in Baltimore in March, killing six people and destroying the Patapsco River crossing.
CIAB: Premium Increases Flat to Down Q1 2024
Premium increase moderation continued this quarter, with premiums across all account sizes increasing by 7.7%, slightly up from the previous quarter’s 7.0%. It was the 26th consecutive quarter of increases.
Cyber Insurance Premium Growth Levels Off for U.S. P/C Insurers
Cyber again generated strong profits for U.S. property/casualty (P/C) insurers last year, Fitch Ratings says in its latest market update report, but weaker pricing led to the first decline in direct cyber written premiums since cyber-specific premium data were included in statutory financial statements.
Four Dead, Thousands without Power Following Severe Storm in Houston
Hurricane-strength winds unexpectedly blew through Houston Thursday, leaving four dead, hundreds of thousands without power and the country’s fourth-largest city scrambling to repair damage.
North Carolina Insurance Mogul Lindberg Found Guilty in Federal Bribery Retrial
A federal jury once again convicted North Carolina insurance executive Greg Lindberg of trying to bribe Insurance Commissioner Mike Causey for favorable regulatory rulings following a second trial, according to court documents.