Heritage faces disaster losses as net income declines

The plaintiffs—Sergio Navarro, Theresa Gamage, Dayle Bulla, and Jane Kinsella—are former Wells Fargo employees and former participants in the Wells Fargo & Company Health Plan (“the Plan”), a self-funded employee welfare benefit plan governed by ERISA. They sued on behalf of themselves, other similarly situated participants, and the Plan itself. Source link

Protecting Tools, Equipment, and Projects Contractors face risks beyond the job site. From transporting materials to storing expensive equipment, their business assets are constantly on the move—exposing them to potential losses. While General Liability insurance covers third-party injuries and property damage, it doesn’t protect a contractor’s own tools, equipment, or materials in transit. That’s where…

3. Discovery sanctions Chenevert also sought attorneys’ fees and costs as sanctions, arguing that Allstate’s discovery objections were improper. However, under Rule 37 of the Federal Rules of Civil Procedure, Whitehurst declined to impose sanctions, noting that while the court partially overruled Allstate’s objections, there was no clear evidence of bad faith in the discovery…

Proposal targets uninsured rates with capped pricing and PIP opt-out options Source link

Before joining Howden Re, Lo served as Asia costing head at Swiss Re, where she provided pricing expertise in markets such as China, Southeast Asia, and India. Following her tenure at Swiss Re, she held various positions at AXA Hong Kong and Macau. In these roles, she led pricing, product management, and reinsurance functions. Source…

Attracting and retaining younger generation | Insurance Business America Lines of Business Insights Attracting and retaining younger generation The California Surplus Lines Market Index highlights the sector’s resilience and adaptability, even amid economic and environmental challenges. These trends serve as both a gauge of market health and a strategic tool for shaping policy offerings, pricing…