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The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze. -
Caesars said it had paid $25mn in premiums for "top of the line" insurance cover.
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Ashley Christensen has filed the complaint on behalf of all North Carolina entities covered by Cincinnati’s standard business interruption coverage.
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The basketball team is seeking to recover costs from a policy it says provides $89.4mn in coverage.
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Nat cat and extreme weather claims have become more frequent and severe with hail, heavy rain and wildfires leading to significant losses.
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The merged entity will also look to focus on higher margin lines and invest in InsurTech.
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The broker says it has already seen a number of whistleblower and retaliation lawsuits filed against employers.
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The executive previously spent 10 years at AIG in energy underwriting roles, including in the carrier’s North American oil and petrochemical segment.
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Regional per occurrence deals were also down compared to last year, but Validus lifted its retro cover by $75mn.
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The decision contrasts with a ruling against the industry in the Henderson Road case last month.
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Paragon CEO Ron Ganiats says the MGA is “leaning in aggressively” as it builds an extensive admitted lines portfolio.
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The company also lowered the attachment points on its per-occurrence and aggregate property catastrophe treaties after shrinking its portfolio.
