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Florida OIR: Growing Insured Losses at $2.04 Billion; Attorney Warns of Claims Severity

Oct 04, 2022 The Florida Office of Insurance Regulation was reporting more than $2.04 billion in losses from 282,229 Hurricane Ian claims...

In a Difficult Market, Arch Mortgage Insurance Gets $358 Million in Reinsurance Backing

Oct 04, 2022 Arch Mortgage Insurance Co. said it obtained over $358 million of indemnity reinsurance on a pool representing $51.7 billion...

Insurers Incur Thousands of Claims After Post-Tropical Storm Fiona Pummels Atlantic Canada

Oct 04, 2022 Insurers have taken in thousands of claims after Post-Tropical Cyclone Fiona made landfall on Nova Scotia, Canada, with...

Hollard Completes Buy of Commonwealth Bank’s General Insurance Business

Oct 04, 2022 Hollard Holdings Australia Pty. Ltd. completed its A$625 million ($406.7 million) acquisition of the general insurance business of...

Insurance Journal

Accenture Acquires Illinois’ Blackcomb Consultants

Oct 04, 2022 Accenture has acquired Blackcomb Consultants, an independent Guidewire partner in North America. Terms of the transaction were not disclosed. The acquisition enhances Accenture...

New Orleans Housing Authority, Private Developers to Settle $250,000 Disability Discrimination Lawsuit

Oct 04, 2022 The Department of Justice announced that the Housing Authority of New Orleans (HANO) and seven private developers have...

Auto-Owners, Erie, Cincinnati, Hartford, Hanover Tops in Agents’ Satisfaction: J.D. Power

Oct 04, 2022 Despite near constant disruption from the twin forces of digital transformation and economic uncertainty, independent insurance agents...

Markets/Coverages: Mosaic Adds Excess Tech E&O; CoverTree, Socotra Partner for Mobile Homes; Cover Whale New API

Oct 04, 2022 Mosaic adds excess technology E&O coverage to cyber product offering Mosaic Insurance’s cyber...

Claims Journal

Alabama Congressional Aide Indicted on Insurance Fraud Charges

Oct 04, 2022 A congressional aide in Alabama has been indicted on insurance fraud charges and was placed on leave from her job. Alabama news outlets reported that Sherry McCormick...

Florida Cities Crushed by Ian Face Highest Borrowing Costs in Decade

Oct 04, 2022 Florida cities looking to rebuild from the devastation of Hurricane Ian will be financing their efforts during the worst environment for municipal borrowing in...

Fraud, Scam Cases Increasing on Zelle, Senate Report Finds

Oct 04, 2022 NEW YORK (AP) — Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the...

Norwegian Police Put Drone Detectors on Offshore Oil and Gas Platforms

Oct 04, 2022 Norwegian police have placed drone detection systems on offshore oil and gas platforms to investigate recent safety breaches, newspaper VG reported on...