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Category: Insurance


Capital and Risk, Insurance

Insurance Companies Sue Texas Power Grid Operator Over 2021 Winter Storm Losses

January 7, 2022

Via: Insurance Journal

More than 100 insurance companies are suing the Texas power grid operator and several power-generating companies (PGCs) over losses suffered from 2021 Winter Storm Uri, which resulted in more than 500,000 insurance claims and approximately $10.3 billion in insured Texas […]


Capital and Risk, Insurance, Operational

Lloyd’s Forms ‘Product Launchpad’ to Develop Insurance Solutions for Emerging Risks

January 6, 2022

Via: Insurance Journal

The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks. The Lloyd’s Product Launchpad has been created to replace the Product Innovation Facility and enable the Lloyd’s market to keep partnering with […]


Capital and Risk, Insurance, Regulations

2022 Means More Claims Data From Florida Insurers, Notification on Surplus Lines

January 3, 2022

Via: Insurance Journal

New Florida laws and regulations that govern insurance matters took effect Sunday. Some are minor changes to existing laws, but others could affect insurers and agents for years to come. Here’s a look at some of the new requirements. Data […]


Capital and Risk, Insurance

Vienna Insurance Agrees to Share Ownership of Hungary Unit to Save Aegon Deal

December 28, 2021

Via: Insurance Journal

Vienna Insurance Group AG agreed to share ownership of its Hungarian operations with a state investment fund after months of negotiations, in order to salvage an 830 million-euro ($941 million) deal to buy regional assets from Aegon NV. The insurer […]


Capital and Risk, Insurance

Hallmark Financial Cancels Plans for Specialty Insurance Spinoff and IPO

December 27, 2021

Via: Insurance Journal

Hallmark Financial Services, Inc. announced last Thursday that it will no longer actively pursue a previously announced separation of its specialty commercial business segment and will not proceed with an initial public offering of the specialty segment. It was in […]


Capital and Risk, Insurance, Regulations

Nevada Jury Says Health Insurers Owe ER Doctors $60M in Damages

December 9, 2021

Via: Insurance Journal

One of the largest U.S. health insurance companies and its branches in Nevada were found liable for $60 million in punitive damages for underpaying out-of-network emergency medical providers. A state court jury said three plaintiffs headed by urgent care staffing […]


Capital and Risk, Insurance

Florida DFS Adds More Property Insurance Fraud Investigators

December 6, 2021

Via: Insurance Journal

Florida’s Department of Financial Services has added 13 employees, 10 of whom are sworn law enforcement officers, to investigate property insurance fraud in the state, Chief Financial Officer Jimmy Patronis said. The squads were authorized by the Legislature last year. […]


Capital and Risk, Insurance

Louisiana Lawmakers Offer Insurance Complaints After Ida

December 3, 2021

Via: Insurance Journal

Slow responses to damage claims. Constant switch-ups of insurance adjusters assessing the destruction. Low payment offers forcing people unnecessarily into litigation to get a fair deal. Louisiana lawmakers and others said Wednesday that those are the problems they’re seeing and […]


Capital and Risk, Insurance

Activist Group Calls on Insurers to Sue Oil Companies for Climate Damages

November 29, 2021

Via: Insurance Journal

A prominent activist is calling on insurers like Swiss Re to explore suing major oil companies for climate-related damages, the latest volley in a years-long campaign that pits environmentalists against the insurance industry. The tactic urged by The Sunrise Project, […]


Capital and Risk, Insurance, Regulations

Biden’s Proposed Inflation Cap on Drug Prices Includes Privately Insurance Plans

November 22, 2021

Via: Insurance Journal

Workers and families with private health insurance would reap savings on prescription drugs from a little-noticed provision in President Joe Biden’s sweeping social agenda bill. It’s meant to break the cycle of annual price increases for widely used medicines. That […]