INSURANCE

Ian puts Florida’s crumbling insurance market first in gubernatorial and Senate races

JACKSONVILLE, FL. Daylight on Thursday brought a clearer picture of the devastation that Hurricane Ian brought to the southwestern part of the state, and in its wake renewed fears that the powerful storm will further disrupt Florida’s deeply troubled homeowner’s insurance market. Democratic candidates are seizing on panic and frustration to boost their prospects against …

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Insurance Department encourages Pennsylvania residents to prepare for emergencies, consider purchasing flood insurance

​Fort Washington, Pennsylvania – September is National Preparedness Month (NPM) and a time of year when Pennsylvania is at increased risk for flooding from hurricanes and tropical storms in the Northeast. To emphasize the importance of emergency preparedness, the Pennsylvania Department of Insurance (PID) today joined Senator Maria Collette to urge property owners to take …

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Acuity Insurance Sees Over 40% Increase in Severity of Commercial Auto Liability Claims Due to Declining Road Safety

The average cost of commercial insurance is more than 400% higher than personal insurance SHEBOYGAN, WI, September 29, 2022 /PRNewswire/ — This year to date, Acuity Insurance is the only regional insurance provider to receive an A+ rating from AM Best and Standard & Poor’s, with over 6 billion dollars in assets — reported a …

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New York Insurance Coverage Law Update – September 29, 2022 | LLC “Rivkin Radler”.

The court found that the named Insured “performed” the contract with the additional Insured, which led to the duty to defend Stoncor, a flooring systems manufacturer, has submitted a proposed master installation agreement to Surfacesys to become the exclusive flooring installation contractor. The agreement required Surfacesys to list Stoncor as the insured. The agreement was …

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Germania Insurance accepts and pays out payments using PremiumPay® and ClaimsPay® products from One Inc – InsuranceNewsNet

The partnership will strengthen Germany incoming and outgoing payments on one platform FOLSOM, CA—(BUSINESS WIRE)–One Inca leading payment network for the insurance industry, announced today German insurancethe largest farm mutual insurance company Texas, selected One Inc’s ClaimsPay® and PremiumPay® products for a fully integrated and digitized customer payments system. The implementation will create a more …

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Florida’s shaky insurance market may not be able to handle Hurricane Jan

In this aerial view, vehicles make their way through a flooded area after the passage of Hurricane Ian on September 29, 2022 in Fort Myers, Florida. Photo: Joe Riddle (Getty Images) Hurricane Ian has turned much of Southwest Florida into a disaster zone, and the storm is on track to wreak havoc on one of …

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AM Best affirms the credit ratings of Beneficial Insurance Limited

SINGAPORE–(BUSINESS WIRE)–AM Best affirmed the financial stability rating of B++ (good) and the long-term issuer credit rating of “bbb” (good) of the company Beneficial Insurance Limited (beneficial) (New Zealand). The forecast for these credit ratings (ratings) is stable. The ratings reflect the strength of Beneficial’s balance sheet, which AM Best rates as adequate, as well …

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FedNat insolvency puts Gulf Coast property owners at risk of losing insurance coverage – Houston Public Media

Lucio Vasquez/Houston Community Media A store in Port Arthur was damaged by winds as Hurricane Laura made landfall on August 27, 2020. About 500 property owners in Harris County and another 500 along the Texas Gulf Coast could lose their insurance coverage after a Florida-based company was declared insolvent and ordered out of business by …

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Ketamine Wellness Centers (KWCs) Expand Medicare Coverage for Ketamine Therapy Patients

KWC will serve more patients than any other ketamine therapy provider with the addition of Medicare, cementing its status as the largest national network of ketamine clinics in the US Medicare coverage will be available to patients in eight cities, with more to come GILBERT, Arizona, September 29, 2022 /PRNewswire/ – Ketamine Wellness Centers (KWC)the …

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Will adding solar affect my homeowners insurance?

Image source: Getty Images Here’s how to ensure that this expensive investment is fully protected. Key points Solar panels probably won’t directly affect homeowners insurance premiums. But homeowners may want to review their policy limits to make sure they can afford to replace their solar panels in the event of a loss. Installing solar panels …

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