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Senate bill seeks to extend NFIP through 2026
The most recent short-term extension, passed in December 2024, is set to expire at midnight on March 14 unless Congress passes this legislation or another extension through the government funding resolution. The House of Representatives approved the continuing resolution on March 11, but the Senate had not yet voted on the measure. Source link
Kennedys IQ introduces AI for insurance risk
Designed for claims professionals, brokers, and underwriters across global markets, including the London market, general and specialty insurance in the UK, Europe, North America, Latin America, and the Asia-Pacific region, SmartRisk automates risk assessments and policy analysis. Source link
Ambac Assurance sued over alleged unauthorized transfer to parent company
Complaint is in connection with company’s rehabilitation Source link
Greg Lindberg granted 30-day extension to file objections
Extension pertains to pre-sentence investigation report Source link
Zurich, Hiscox in battle over who defends Giorgio Armani employee over sexual misconduct claim
Loreto-Hays v. Herrera (2018), alleging sexual assault by Herrera while the plaintiff worked in a GAC store. Oberloh v. Giorgio Armani Corp. (2018), which included allegations that GAC ignored reports of Herrera sexually harassing multiple employees. Christin v. Herrera (2019), which involved five plaintiffs alleging a pattern of sexual harassment and assault by Herrera spanning…
"Insurance shouldn’t just be a pot of money for attorneys"
As insurers retreat from some markets, policyholders are facing skyrocketing premiums, stricter underwriting and unexpected policy cancelations Source link