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FEMA Hit by Multi-State Lawsuit Over Flood Insurance Rating Formula
A federal lawsuit claims FEMA failed to take into account skyrocketing flood insurance costs generated by its new rating system, Risk Rating 2.0. Ten states, along with 43 Louisiana parishes and more than a dozen levee districts, are suing FEMA, …
POSTED JUNE 02, 2023 5:24 AM |
People Moves: Everest Appoints Maritzen Global CUO; Swearengin to Lead One80 National Casualty Practice; Haggerty Head of QBE NA Commercial Programs
Everest Insurance Appoints Maritzen Global Chief Underwriting Officer Everest Insurance, the insurance division of Everest Re Group, Ltd., has named Mark Maritzen as global chief underwriting officer. Maritzen is based in New York. Maritzen will oversee all aspects of global …
POSTED JUNE 02, 2023 5:10 AM |
Exterior Building Panel Industry Differs with KCC on Vulnerability of Systems
The head of a trade group for the exterior insulated panel industry has taken issue with a recent hurricane report by Karen Clark & Co., arguing that the report failed to point out that some of the products meet the …
POSTED JUNE 02, 2023 5:02 AM |
New Models Aim to Better Predict Storm Surge, Insured Losses From Hurricanes
Two new hurricane forecast models promise to help property owners and insurers better predict the losses from storms that may be increasing in intensity as ocean waters continue to warm. The National Hurricane Center announced just ahead of the 2023 …
POSTED JUNE 02, 2023 5:02 AM |
Transporting Florida Migrants a New Venture for Investor in Troubled Law Firm
The owners of a business that loaned McClenny Moseley & Associates $3 million to find clients with hurricane-damaged homes and earn fees by submitting damage estimates to insurers has embarked on a new venture: Transporting unauthorized aliens out of Florida. …
POSTED JUNE 02, 2023 5:01 AM |
InsurTech NY Accepting Applications for Digital MGA Lab
InsurTech NY has opened its application window for its Digital Managing General Agency (MGA) Lab. Applications for the cohort will be accepted through July 15. InsurTech NY brings together carriers, brokers, investors, and insurtech startups for educational conferences, a competition, …
POSTED JUNE 02, 2023 5:00 AM |
People Moves: Buffalo Agent Walsh Elected Big I New York Chair
Buffalo Executive Walsh Elected Big I New York Chair of the Board Insurance producer trade organization Big I New York elected Edward F. Walsh as its chair of the board for the 2023-2024 term. Walsh is chief executive officer of …
POSTED JUNE 02, 2023 5:00 AM |
Vermont Spring Freeze May Have Caused Extensive Crop Damage
Vermont officials are concerned that widespread frost across the state last week may have severely damaged thousands of acres of crops, including fruits, produce, berries and wine. Temperatures dropped below freezing in many areas for a sustained time causing early …
POSTED JUNE 02, 2023 5:00 AM |
NYPD Officer Blows Whistle on ‘Courtesy Cards’ That Shield Some From Traffic Tickets
A New York City police officer is speaking out against the use of “courtesy cards” by friends and relatives of his colleagues on the force, accusing department leaders of maintaining a sprawling system of impunity that lets people with a …
POSTED JUNE 02, 2023 5:00 AM |
People Moves: PCF Insurance in Utah Names Steele SVP, Legal and Compliance
PCF Insurance Services, based in Lehi, Utah, named Rocky Steele senior vice president of legal and compliance. Steele oversees PCF Insurance’s legal and compliance function. He has also served as co-founder and chairman of the board at Ascend Education and …
POSTED JUNE 02, 2023 5:00 AM |
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