People Moves: Pete Anhalt to Lead The General Following Sentry Acquisition
Sentry Insurance announced that Pete Anhalt will lead The General following Sentry’s acquisition of the brand from American Family Insurance. Anhalt currently serves as president of Sentry’s Dairyland brand and brings decades of leadership experience in the non-standard auto (NSA) …
POSTED APRIL 02, 2025 9:25 PM |
California FAIR Plan Stabilization Act Moving Through Legislature
A bill that aims to enable the California FAIR Plan to seek additional claims paying capacity is making its way through state Legislature. Assembly Bill 226, the FAIR Plan Stabilization Act, passed out of the Assembly 72-0. Related: California OKs …
POSTED APRIL 02, 2025 6:13 PM |
Markets/Coverages: CFC Says New Cyber Product Includes 2 Industry Firsts
Specialist insurer CFC announced a new cyber product – Cyber Proactive Response (CPR) – aimed at businesses with revenues up to $250 million. CFC said the new product includes two firsts for the cyber insurance industry. Policyholders will not only …
POSTED APRIL 02, 2025 5:30 PM |
Iowa Man Who Falsified Rolex Watch Claim Sentenced to 10 Years in Prison
An Iowa man was sentenced last week to ten years in prison after pleading guilty to Insurance Fraud (Class D Felony) and Fraudulent Practice (Class D Felony), following an investigation conducted by the Iowa Insurance Division’s Fraud Bureau. Bryce Douglas …
POSTED APRIL 02, 2025 4:50 PM |
Supreme Court Largely Backs FDA on Flavored Vapes
The US Supreme Court largely sided with the Food and Drug Administration in its rejection of applications to sell flavored vaping products, backing actions the agency took during Joe Biden’s presidency amid uncertainty about the approach it will take under …
POSTED APRIL 02, 2025 4:44 PM |
TDI to Adopt 11.5% Workers’ Comp Rate Decrease
The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …
POSTED APRIL 02, 2025 4:37 PM |
Florida’s Universal P&C Overstated Claims to Cat Fund, Must Pay $4M Fine, AG Says
The Florida Hurricane Catastrophe Fund will not have to pay some $30 million to Universal Property & Casualty Insurance Co., after the carrier settled a civil suit that alleged the insurer had backdated claims to boost reimbursement from the fund. …
POSTED APRIL 02, 2025 4:34 PM |
Chipotle to Settle Kansas Religious Harassment Lawsuit
National restaurant chain Chipotle Services, Inc. will pay $20,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) religious harassment, retaliation, and constructive discharge lawsuit, the federal agency announced. The EEOC suit alleged that in July …
POSTED APRIL 02, 2025 4:22 PM |
Severe Storm Threatens Central US With Heavy Rains, Tornadoes
Heavy rain, severe thunderstorms and the risk of tornadoes are threatening more than 40 million people from Michigan to Texas as a slow-moving cold front hovers over the region. There’s a rare high risk for damaging winds and long-lasting powerful …
POSTED APRIL 02, 2025 4:11 PM |
Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s Regulator Says
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents. Norway-registered Romarine AS purported to be an insurance provider …
POSTED APRIL 02, 2025 3:21 PM |