Patricia Wells

A new Florida House bill is making waves as it seeks to prevent Citizens Property Insurance Corp. from covering condominium properties that fail to meet inspection deadlines. The bill, known as House Bill 913, was introduced by state Representative Vicki Lopez from Miami and passed its first committee review this week. The legislation aims to … Read more

Atlas Insurance Agency, located in Sarasota, Florida, has announced an important change: it has acquired its sister company, Atlas Employee Benefits. This merger will allow both companies to operate under a single brand, simplifying the services they provide to clients. In a statement, the company highlighted that merging the two firms will enhance efficiency and … Read more

A powerful storm system is set to hit the western United States later this week, bringing heavy rain, snow, and the potential for tornadoes. This system will first soak Southern California on Thursday and then move eastward, affecting the central U.S. with severe weather. The forecast comes as parts of the central U.S. experience unusually … Read more

Texas is facing a serious measles outbreak, with 25 new cases reported in just five days. This brings the total number of cases in the state to 223. Health officials are very concerned as Texas has recorded the first measles death in the U.S. in a decade. So far, about 13% of those diagnosed have … Read more

Insurance companies have paid out over $12 billion for damages from the recent wildfires in the Los Angeles area. These fires, which occurred in January, destroyed tens of thousands of homes and have left many residents in need of assistance. California Insurance Commissioner Ricardo Lara shared these updated figures, which show a significant increase from … Read more

There is growing concern about the U.S. economy, with a significant chance of a recession this year. J.P. Morgan’s chief economist, Bruce Kasman, shared insights during a recent press conference in Singapore. He indicated that the probability of a recession has increased to about 40%, up from 30% at the beginning of the year. This … Read more

Arch Insurance has made significant changes to its leadership team in Spain by appointing Carmen Cobeta as the head of Casualty and Irene Fernandez Franic as a senior casualty underwriter. These appointments are effective immediately and mark a new chapter for the company in the region. Both Cobeta and Fernandez Franic will work from Madrid, … Read more

For years, homeowners insurance in California was a stable market, with predictable patterns in risk and pricing. However, recent changes have shaken things up significantly. The surplus lines insurance market is experiencing a surge, and 2024 is shaping up to be a crucial year for its development. In 2024, the surplus lines market saw a … Read more

Jose Virgilio Fernandez, the owner of a training center in Rhode Island, has been sentenced to two years of probation for falsifying documents related to asbestos abatement training. This decision was announced by Acting U.S. Attorney Sara Miron Bloom. Between 2021 and 2023, Fernandez submitted false certifications to the Rhode Island Department of Health, claiming … Read more

AM Best has made some positive changes regarding Grange Insurance Association and its subsidiary, Granwest Property & Casualty. The organization has upgraded their outlook from stable to positive and has confirmed their Financial Strength Rating at B++ (Good) and Long-Term Issuer Credit Ratings at “bbb+” (Good). Both companies are based in Seattle, Washington, and are … Read more