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A new bipartisan bill in the US House aims to change how FEMA handles flood maps for the National Flood Insurance Program (NFIP), which is at risk of lapsing on September 30. The proposed Improvement of Mapping, Addresses, Geography, Elevations and Structures (IMAGES) Act would require FEMA to update flood maps every five years and … Read more

A New York distillery’s $2.5 million whiskey loss is at the center of a key insurance dispute after racks holding dozens of barrels collapsed last December. Vale Fox Distillery, based in Poughkeepsie, saw sixty barrels fall when metal supports gave way in their distilling room. Fifty-two barrels broke, and the lost whiskey would have been … Read more

Specialist Risk Group, a London-based insurance intermediary, has taken a significant step by acquiring Generation Underwriting from WF Risk Group. Generation Underwriting is a managing general agent with offices in Newcastle and Belfast, known for working closely with brokers in the SME and mid-market sectors across the UK. While financial details of the deal were … Read more

Contractors from Maine, Connecticut, and New York are set to pay $1.37 million after admitting to false claims related to a runway repair project at Westfield-Barnes Regional Airport in Massachusetts. The settlement concerns work done on Runway 2-20, a vital part of the airport used by the Massachusetts Air National Guard’s 104th Fighter Wing. Back … Read more

Rockford Mutual Insurance Company (RMIC) has named Ann Kriens as its new vice president of claims. The move comes after Patrick Kennedy, the former vice president of claims and internal counsel, retired on July 1. Kriens has been with RMIC since 2014 and brings a strong background to her new role. Before joining the company, … Read more

When Nick Line first joined the Lloyd’s insurance market, what stood out most to him was the lack of diversity. Both in terms of ethnicity and gender, the environment felt very uniform. Today, Line is a strong advocate for diversity and inclusion in the global insurance world, serving as chief underwriting officer at Markel International … Read more

The stop loss insurance market is seeing changes as employers face rising large medical claims and insurers adjust their strategies. Daniel Davey, senior vice president and national director for Stop Loss MGA at Alliant, says the market is evolving but hasn’t yet reached a hard market phase. However, he advises employers to start managing plan … Read more

Insurance Business America has opened the call for entries to its 10th annual list recognizing the Top Specialist Wholesale Brokers. This award highlights brokers who stand out for their skill in securing coverage for hard-to-place risks and niche markets. This annual spotlight is a chance for brokers who excel in tough insurance areas to get … Read more

Trucking businesses face many unique challenges, from managing large vehicle fleets to keeping cargo safe and hiring reliable drivers. Because of this, having the right insurance and solid risk management plans is crucial to keep operations running smoothly. Central Insurance recently shared advice on different types of coverage and safety measures for truckers. Whether someone … Read more

A winter sports park and event venue in Franklin, Wisconsin, is facing a federal lawsuit for firing an employee over his religious beliefs. The Equal Employment Opportunity Commission (EEOC) filed the suit against Crystal Ridge Ski Area, LLC, which operates as The Rock Snowpark. The case centers on a lift operations manager who was reportedly … Read more