HomeInsurance

Insurance

Paul Braithwaite | Senior Managing Director

Paul Braithwaite is Senior Managing Director in the Global Insurance Services practice of FTI Consulting. As a past President of the Casualty Actuarial Society with 40 years of industry experience, he...

‘Denied or closed with no payment’

A busy hurricane season in Florida has forced the state's largest insurance company to reject a staggering percentage of residential claims. What's happening? NOTUS, short for News of the United States, reported that publicly funded Citizens Property Insurance has denied 77% of claims stemming from...

MGA Kova Professions enters into multi-year capacity agreement with Hadron

Specialist managing general agent (MGA), Kova Professions has entered into a multi-year capacity agreement with Hadron, the specialty insurance carrier. The partnership, which will see Kova Professions underwrite with capacity from Hadron, is part of a five-year capacity commitment, enabled by the Accelerant Risk...

Bank refuses to let some Fla. property owners cash hurricane insurance checks

TAMPA, Fla — On St. Pete Beach, moving on from Hurricanes Helene and Milton remains a slow, painful process.Sandy streets and debris-laden front lawns have yet to wash away whileefforts to repair and rebuild leave many property owners at the mercy of claims...

D.C. Attorney General Settles with Title Insurance Company for Alleged Kickback Scheme | Sheppard Mullin Richter & Hampton LLP

On October 24, the District of Columbia Office of the Attorney General (the “DCAG”) announced that it entered into a $500,000 settlement with a title insurance company following an investigation, alleging that the company engaged in an illegal kickback scheme. Specifically, the DCAG determined...

Changes to Washington Homeowners and Auto Premium Rule to Be Considered

Washington Insurance Commissioner Mike Kreidler has proposed modifying the state’s recently adopted premium change transparency rule. The proposal is specific to Phase 2 of the rule (the automatic inclusion of reasons for premium increases in policy...