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When asset trading errors trigger coverage questions
[ad_1] Trade errors, Sullivan said, can take many forms. “Common categories include, but are not limited to, data entry errors, missed deadlines, failure to execute, miscommunicated trade instructions, collateral management failures and breaches of mandate.” [ad_2] Source link
Insurance markets shift as global construction projects accelerate – WTW
[ad_1] The report notes that tariffs, particularly those affecting the cross-border movement of construction materials, are expected to add further pressure to cost structures. Outside the United States, regional economic conditions are playing a key role. In Asia, growth is supported by both public and private investment, especially in energy and infrastructure. [ad_2] Source link
Aspen Insurance releases first quarter financial results
[ad_1] Underwriting results were similarly impacted, with underwriting income dropping to $27.2 million, from $89.5 million in Q1 2024. The catastrophe loss ratio saw an increase, reaching 13.0%, compared to 4.9% in the previous year. This contributed to a higher combined ratio of 96.1%, compared to 86.6% in the same quarter of 2024. [ad_2] Source…
King Risk Partners and Alera Group make acquisitions
[ad_1] “We are proud to join forces with King Risk Partners,” he said. “Our shared values—excellence, integrity, and accountability—make this a natural fit. With access to King Risk’s expansive resources and forward-thinking strategies, we are confident our clients will enjoy an even greater range of services and innovative insurance solutions. Together, we are committed to…
Connecticut weighs LTC insurance rate freeze and reforms
[ad_1] The senator argued that a moratorium would bring all stakeholders to the table to develop a model for addressing LTC insurance issues, which extend beyond Connecticut. The industry has faced significant challenges due to underwriting miscalculations in the 1990s and 2000s, rising medical costs, an aging population, and longer lifespans, according to state and…
Oklahoma Workers Compensation bill would expand PTSD protections for first responders
[ad_1] House Bill 1842, sponsored by Rep. Mark Lepak, would amend Section 13 of the Workers’ Compensation Code (85A O.S. §13) to bolster coverage for mental health injuries — particularly PTSD — incurred by law enforcement officers, firefighters (paid or volunteer), and emergency medical technicians. While PTSD is already a recognized injury for first responders…