News

Insurance industry news from FloodFlash, Assurex Global, Grange Insurance and more.

Companies will receive credit for any UPC policies that are taken prior to the approval of incentive program applications.

"For a verdict to be 10 times the policy limits, that is just completely unacceptable," said Pansini Law Group managing partner Michael Pansini.

Insurance technology news from Two Sigma Insurance Quantified, Devron, Wawanesa Insurance and more.

Parkland shooting victims and survivors were among the South Florida residents gathered Thursday in opposition to the proposed changes.

On the trial's third day, the plaintiff's lawyer made a discovery that 'flipped the case' and led the defendant to settle for 250% of its $1M policy.

"A plain reading of the policy provides that the parties intended to exclude coverage for COVID-19 related losses like the losses plaintiff allegedly suffered in the immediate case," the court said.

The insolvent Florida-based insurer has some 200,000 policies nationwide, including 30,000 policies in Louisiana.