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Demotech, Inc. | April 01, 2022
Effective March 29, 2022, Demotech, Inc. withdrew the Financial Stability Ratings® (FSRs) previously assigned to Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company.
Despite a substantial capital contribution in the fourth quarter 2021, the operating loss in 2021, which reflected the evaluation of losses and loss adjustment expenses associated with Hurricane Ida, resulted in a level of capitalization below what was needed ...
Liberty | July 08, 2020
Liberty Company Insurance Brokers (LCIB) has formed a partnership with The Browning Agency in Ponte Vedra, FL. The Browning Agency, established in 1989, is a full-service brokerage and consulting firm specializing in high net worth personal lines. The brokerage also has an exclusive program with the American Rental Association for equipment and party rental businesses. Meanwhile, the agency’s Hastings, FL office mainly handles agricultural risks....
InsureMyTrip | March 05, 2020
Travel insurance comparison site InsureMyTrip has launched educational resources to help travelers understand the impact of the coronavirus. The company reported a 245% increase in policies sold since January 21 that include a “cancel for any reason” benefit. Travel insurance agents are also predicting that more travelers will try to postpone trips or seek alternative destinations as the coronavirus outbreak unfolds, InsureMyTrip said. The company’s educational materials about ...
Farmers Insurance | April 08, 2020
Farmers Insurance has announced that it will provide relief to more than 115,000 of its business insurance customers under its Farmers Cares initiative. Business customers in the restaurant, office, retail and service sectors – which have been strongly impacted by the COVID-19 outbreak – will receive a 20% monthly credit on their business owner’s policy for the next two months on their upcoming premium notices. “We understand how challenging running a business can be, par...
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