Insurance Fraud Investigators Group (IFIG)

Insurance Business America | March 30, 2020

A bill being drafted in the state of New Jersey could put certain property insurers on the hook for business interruption losses due to the COVID-19 outbreak. Once approved, NJ Draft Bill A-3844 would immediately take effect, and will apply retroactively to insurance policies in force on March 09, 2020, specifically those policies that insure against loss or damage to property, as well as loss of use, occupancy and business interruption coverage. Essentially, the bill voids any virus exclusions ...

GEICO | July 17, 2020

A new report by Fitch Ratings reveals that not only are US personal line insurers expected to see underwriting profits this year despite the pandemic, but there could be soon a reshuffle of America’s top insurers. The report said that the ongoing pandemic is “substantially affecting” the insurance industry in terms of underwriting and investment. Personal line insurers, in particular, are heavily impacted by the decline in risk exposures related to changes in economic and socia...

CORE INSURANCE

CopperPoint Insurance Companies | January 28, 2022

CopperPoint Insurance Companies, a western-based super regional commercial insurance company, announced today that AM Best has affirmed the Financial Strength Rating of A (Excellent) for CopperPoint Insurance Company and its subsidiaries with a stable outlook. Alaska National Insurance Company has also been added as a new member to Best's rating for CopperPoint Insurance Group. These ratings reflect the strength of CopperPoint's balance sheet, risk appetite and operating results over the...

INSURANCE TECHNOLOGY

High Street Insurance Partners | March 30, 2022

High Street Insurance Partners ("HSIP") announced today that it has acquired Michigan based Gemini Risk Partners. Gemini Risk Partners was founded by attorneys David Kramer and Theodore Nittis to service the insurance needs of law firms. The agency specializes in providing professional liability coverage and other comprehensive insurance solutions exclusively to law firms. Law firms are turning to Gemini Risk Partners expertise ...