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Category: Insurance


Activity, Insurance

House Votes to Extend Flood Insurance Program 1 Year; Senate Yet to Vote

September 23, 2020

Via: Insurance Journal

The House of Representatives yesterday extended the National Flood Insurance Program until Sept. 30, 2021 as part of a measure to fund the federal government through December 11. The flood insurance program is currently set to expire in a week […]


Activity, Insurance

New York Charges Johnson & Johnson with Insurance Fraud Over Opioid Claims

September 18, 2020

Via: Insurance Journal

New York state filed civil charges on Thursday accusing Johnson & Johnson of insurance fraud for downplaying the risks of opioid painkillers, including to doctors and elderly patients. Governor Andrew Cuomo said the charges by New York’s Department of Financial […]


Activity, Insurance

Beware These 4 Costly Home Insurance Mistakes—Especially in Hurricane Season

September 15, 2020

Via: TheStreet

For homeowners in coastal states, the 2020 hurricane season could mean financial disaster. Named storms are rolling in at a record pace, with as many as 25 expected in the Atlantic this season — twice the average number. After battering […]


Activity, Insurance

Insurance Agencies Get No Break When It Comes to Cyber Liability

September 10, 2020

Via: Insurance Journal

As this trying year drags on, insurance agents might be tempted to take a quick breather. From a cyber liability perspective, however, the pressure on agents is ramping up over the rest of the year. Here’s why. In past columns, […]


Activity, Insurance

California Self-Storage Management Firm Fined $250K for Selling Insurance Without License

September 8, 2020

Via: Insurance Journal

The California Department of Insurance fined self-storage company, c, $250,000 for offering and selling more than $2.1 million in insurance products to its renters without an insurance license. SmartStop Asset Management, LLC and its affiliates, collectively “SmartStop”, control, manage, or […]


Activity, Insurance

Insurance Group Says Safety Technologies Could Stop 40% of Big Truck Rear Crashes

September 4, 2020

Via: Insurance Journal

Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rear-end other vehicles, a new study has found. The Insurance Institute for Highway Safety, a research group supported by […]


Activity, Insurance

Insurance Plays Key Role in Civil Rights Settlements Against Law Enforcement

September 2, 2020

Via: Insurance Journal

Municipalities, their insurers and risk pools should be heeding the current public re-examination of police and prosecutorial actions taking place across the country, according to an insurance policyholder attorney who works on civil rights cases. Attorney Alexander Brown sees the […]


Activity, Insurance

Global Reinsurers’ Coronavirus Claims Jumped in Q2: Moody’s

August 27, 2020

Via: Insurance Journal

During the second half of 2020, global reinsurers reported anemic earnings amid an increase in coronavirus claims, although investment returns rebounded, Moody’s Investors Service reported. A bright spot was strong pricing momentum and capital levels remains healthy, but a high […]


Activity, Insurance, Regulations

Lloyd’s Gets to Keep $3 Million Because FDIC Waited Too Long to Collect

August 25, 2020

Via: Insurance Journal

Lloyd’s of London does not have to pay the U.S. government’s Federal Deposit Insurance Corp. $3 million in judgment interest because the FDIC waited too long —18 months after a final judgment — to try to collect it. The action […]


Activity, Insurance, Regulations

China Regulator Pledges Continued Backing of Hong Kong as Financial Center

August 24, 2020

Via: Insurance Journal

China’s banking regulator pledged its backing for Hong Kong as a finance hub and reiterated a commitment to opening up the Chinese financial sector amid a deepening standoff with the U.S. China will provide support for its financial institutions doing […]