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Interboro divestiture finalized as Forza completes deal
[ad_1] “The sale of Interboro formally completes our strategic transformation into a specialty insurer focused on underwriting commercial residential property insurance,” said Brad Martz, president and CEO of American Coastal. “All of our capital and human resources are now fully focused on our core business.” [ad_2] Source link
Wholesale insurance brokers and Managing General Agents gain ground as surplus lines market surges
[ad_1] This momentum has elevated standout firms such as Monarch E&S, Wholesure, and Gorst & Compass, each earning 5-Star status for their performance across 10 criteria including product range, tech innovation, and ability to place niche risks. Monarch E&S president Yiana Stavrakis emphasized the firm’s commitment to tailoring solutions for mid-market clients and exploring niche programs—most notably, a custom personal…
Fifth Circuit rules against Allied World in $10 million sprinkler system insurance dispute
[ad_1] The Fifth Circuit found that under Louisiana law’s one-year prescription period for products liability claims, Allied’s lawsuit was time-barred. The court ruled that RISE Residential, acting as an agent for the developer Provident Group-Flagship Properties, LLC, had constructive knowledge of the root cause well before the July 23, 2020 deadline. That knowledge, the court…
How E&O can shield an impending US manufacturing revival
[ad_1] “If the problem stems from the design, manufacturing, sale or installation of the product (including training and maintenance), E&O coverage can help ensure that your client’s business is protected from financial fallout,” said Harsch. “For example, if a manufacturing flaw causes a third-party business to lose revenue or incur recall costs, E&O insurance can…
What Clothing Store Insurance Do I Need For My Business?
[ad_1] With 198,000 businesses in the U.S., the clothing boutique industry is thriving, and continued growth is on the horizon. For the owners of these retail establishments, running a clothing store is more than a passion for fashion—it’s a business with real risks. From in-store slips to inventory damage, even a single incident can cause…
Tariffs threaten to push insurance costs higher for US households
[ad_1] Matt Brannon, who authored the report, said tariffs affecting imports from countries such as China, Canada, Mexico, Japan, and Vietnam will disrupt the construction supply chain and add to repair costs. He noted a similar outcome during the COVID-19 pandemic, when material shortages and price hikes also contributed to higher insurance rates. [ad_2] Source…