GuideOne’s position is straightforward: under the contracts governing the project, both Bonafide Builders, Inc., the trade contractor, and its subcontractor GSPE Interior Construction Corp. were required to name the project defendants as additional insureds on their respective CGL policies. Colony insured Bonafide; Hiscox insured GSPE. Both policies contain additional insured endorsements that, GuideOne contends, are triggered by those contractual requirements.
Author: Awais
New facility eliminates coverage gaps across developers, fleet operators, and manufacturers
Combining the disparate databases used to detect potential issues with drugs, vaccines and other products into a single dashboard will enhance their utility and cut costs, the agency said.
The report found that major insurers have pulled back from central, southern and eastern Oregon counties, forcing many homeowners into last-resort coverage or quadrupled premiums. Across the western US, Cotality identified more than 2.6 million homes at such risk, representing $1.3 trillion in reconstruction value.
Sheldon Ekirch is used to being disappointed by her health insurance company. That’s why Ekirch, 31, of Henrico, Virginia, was stunned when she learned Anthem would finally have to pay for life-changing medical treatment. For two years, she had battled the company to cover blood plasma infusions called intravenous immunoglobulin, or IVIG. The treatment has been shown, in some cases, to improve symptoms associated with small-fiber neuropathy, a condition that makes Ekirch’s limbs feel like they’re on fire. But Anthem had repeatedly denied coverage for IVIG, which costs about $10,000 per infusion. Then, in February, an external review of her…
Family-run business joins the acquirer’s growing 22-state footprint
As the CMS calls for public feedback on how to stop lab test fraud, experts say a tailored regulatory strategy will be key to avoid stifling innovation.
Municipal bond investors are clamoring for tax-free debt sold by California issuers. That demand is benefiting borrowers across the state — even ones without AAA credit ratings. In general, U.S. state and local government debt has gotten more expensive this year, with the 10-year muni benchmark offering about 64% yield on similar US Treasuries, as the asset class attracts new money. That dynamic is especially pronounced in California, where investors turn to municipal bonds as a refuge from high state income taxes. So far this year, muni bond funds have seen more than $18 billion of inflows, the third highest…
As the Trump administration promotes its new TrumpRx website and other efforts to lower prescription drug prices, a growing majority of the public worries about being able to afford prescription drugs, and large majorities across parties want the government to do more to regulate prices, a new KFF Health Tracking Poll finds. The new poll finds 59% of the public now say they are at least somewhat worried about being able to afford prescription drugs for themselves and their families, the largest share since KFF first polled on this question in 2018. This includes about one in five (22%) who…
Generic drugmaker Viatris has settled a lawsuit brought by the family of Henrietta Lacks, a Maryland woman whose tissue samples were used without her permission to develop enduring cells for lucrative medical research. Viatris and Lacks’ estate told a federal court in Baltimore, Maryland, on Wednesday that they would dismiss the case with prejudice, which means it cannot be refiled. An attorney for Lacks’ estate said her family was “pleased the parties were able to find a way to resolve this matter” and that details of the settlement were confidential. Spokespeople for Viatris did not immediately respond to a request…
AM Best reports that it has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) for the members of Plymouth Rock Assurance Group (PRAG). At the same time, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of the members of Plymouth Rock Home Assurance Group (PRHAG). AM Best’s outlook of these credit ratings is stable. According to AM Best analysts, the ratings of PRAG reflect its balance sheet strength, which they assess as…
Domestically, RB Jones has introduced an allied healthcare professional liability program, expanded capacity in its property and flood facilities, and rolled out new inland marine offerings covering builders’ risk, contractors property, and contractors equipment.
Price Forbes Capital Markets, the investment banking and ILS capital raising unit of reinsurance broker Price Forbes Re, has hired Mike Ward from Artex Risk Solutions as Vice President of its Capital Markets team in Bermuda.In his new role, Ward will be tasked with driving the delivery of capital solutions across primarily the ILS markets and reinsurance-based equity markets to seamlessly connect re/insurers with alternative capital sources. He will also lead investor outreach efforts to foster strong, strategic partnerships with institutional capital providers and asset managers worldwide. Additionally, he will assist with cross-selling and growth initiatives throughout the wider Price…
New York officials reported that after a year-long investigation they have recovered more than 40 Honda and Toyota vehicles worth more than a million dollars that were stolen. New York Attorney General Letitia James and New York City Police (NYPD) Commissioner Jessica Tisch announced the takedown of a car theft operation that allegedly sold stolen vehicles throughout New York and New Jersey. Five individuals have been charged with 92 crimes for their roles in selling stolen cars. The investigation began in February 2025 when Jonathan Mercedes Silvestre was identified as the broker for the sale of stolen motor vehicles, according…