ICICI Prudential Life Insurance Company Limited

VA restaurant | April 23, 2020

A restaurant serving Mexican food in Arlington, VA is suing its insurer over the company’s denial of business interruption claims related to COVID-19. Rolando Juarez, the owner of Guajillo Mexican, filed the lawsuit this week in Arlington Circuit Court against Twin City Fire Insurance – a member of the Hartford Insurance Group. According to the lawsuit, the restaurant’s policy “explicitly covered such loss when caused by a virus, including the salaries and other expenses ...

Understory | February 14, 2020

Understory, a specialty insurer serving automotive dealerships, has expanded the availability of its supplemental hail insurance product in five more states. The company’s “Auto – Hail Safe” product is now available in Arizona, New Mexico, Ohio, Pennsylvania and Wyoming. Originally introduced in 2019, Understory’s product is now being offered in a total of 17 states, including Colorado, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, New Mexico, Okla...

Core Insurance

Newfront | July 16, 2021

Newfront Insurance, a cutting-edge technology-enabled brokerage, and ABD Insurance and Financial Services, a renowned pioneer in employee benefits, insurance, and financial services, have agreed to merge, revolutionizing the insurance experience for customers and insurance professionals alike. The merged firm, known as Newfront, is valued at $1.35 billion and is scheduled to complete by the end of August. The merger of these two market leaders will create 600 jobs, service over 10...

Workers Compensation,Insurance Technology

Axis Launches | January 04, 2023

AXIS Capital Holdings Limited has announced the implementation of a Specialty Package Policy for manufacturers through its Environmental business unit. The SPPm policy protects manufacturers against a wide range of general and environmental liability risks in a single insurance package. Manufacturing, distribution, warehousing, and processing businesses, as well as waste storage, treatment, and disposal facilities, are all covered by SPPm. The new policy is accessible to US-based ...