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United Insurance Holdings Corp. Announces Estimated Losses From Hurricane Ian

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--United Insurance Holdings Corp. (Nasdaq: UIHC) (UPC Insurance or the Company), a property and casualty insurance holding company, announced today that it estimates catastrophe losses incurred from Hurricane Ian during the third...

Mass consolidation & advanced tech are shaking up the insurance industry

Another technology that has streamlined the insurance policy acquisition process is robotic process automation (RPA). This refers to the use of bots that interact with customers in human-like ways while connecting to digital systems and software to deliver relevant results. RPAs can even...

Insurer Scores Win In Paper Waste Disposal Coverage Fight

By Ganesh Setty (October 11, 2022, 6:56 PM EDT) -- Harleysville Preferred Insurance Co. has no coverage obligations to International Paper Co. in a suit alleging that it was liable for property damage stemming from the release of a paper byproduct, an...

‘Black Wall Street’ icon NC Mutual Life Insurance Company begins liquidation process

DURHAM, N.C. — Tuesday marked the end of an era as a judge approved the liquidation of North Carolina Mutual Life Insurance Company during a virtual court hearing.The company started in 1898 by seven Black men. It became the largest and oldest Black-owned...

Tax Insurance May Serve as a Salve to Fears of IRS Enforcement

As the IRS prepares to receive a significant boost in funding and staff, tax insurance may be a solution to help high-income taxpayers and major corporations gain some certainty around their tax positions.Tax insurance is exactly what it sounds like—a solution to tax...