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Major Hurricane Erick Hits Mexico’s Pacific Coast, With Life-Threatening Floods Expected

by lpiccitto | Jun 19, 2025 | Uncategorized

Hurricane Erick made landfall on the coast of Oaxaca, Mexico, on Thursday morning, authorities said, potentially bringing intense rains and life-threatening floods and mudslides. The storm made landfall around 5:30 am local time in the town of Santiago Pinotepa...

Florida’s Evolving Bad-Faith Landscape: What Claims and Insurance Pros Need to Know

by lpiccitto | Jun 19, 2025 | Uncategorized

Bad faith litigation has long posed both legal and reputational risks for insurers operating in Florida. With the enactment in 2023 of House Bill 837—a sweeping tort-reform measure—there are important changes to how insurers and their claims professionals must...

Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC

by lpiccitto | Jun 19, 2025 | Uncategorized

Deal volume is down but the total value of the deals that were made is up, according an analysis by PwC of mergers and acquisitions in the insurance sector. The look at M&A activity showed total deal value within the …

Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers

by lpiccitto | Jun 19, 2025 | Uncategorized

A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging scheme to defraud insurers through staged construction accidents and...

People Moves: Aon Promotes Rieth to Global Cyber Leader

by lpiccitto | Jun 19, 2025 | Uncategorized

Aon Promotes Rieth to Global Cyber Leader Aon plc, headquartered in London, promoted Brent Rieth to global cyber leader within Commercial Risk Solutions. Rieth, based in Chicago, Illinois, currently serves as head of Cyber Solutions, North America, will now lead...

Alabama DOI Encourages Insurers to Use More Than Drones in Nonrenewals

by lpiccitto | Jun 19, 2025 | Uncategorized

Alabama’s insurance commissioner this week urged property insurers to be judicious in the use of drones and aerial imagery in making nonrenewal decisions, but stopped short of issuing new regulations. “If an insurer uses aerial imagery as a basis for …
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