Insurance moves: IMS and Coalition

[ad_1] Financial shortfall forces insurer to halt new business [ad_2] Source link

[ad_1] Under the proposed amendment to Minnesota Statutes 2024, section 256B.0571, subdivision 6, partnership status would be extended to eligible policies that meet criteria in sections 62S.23, subdivision 1, paragraph (b), and 62S.312, even if issued before July 2015. It would also apply to policies exchanged after July 1, 2006, under section 62S.24, subdivision 8. …

[ad_1] From warehouse storage to nationwide shipping, wholesale fabric distributors weave throughout the supply chain for retailers, designers, and manufacturers. However, with large inventories of highly flammable material, complex vendor contracts, and deliveries in motion, this sector faces significant risk exposure. Below, Deidra Hoschak—senior small business underwriter at Central Insurance—gives expert advice for the core…

[ad_1] Allard joins Starwood Capital with more than 27 years of financial services experience. Most recently, he helped establish Rothesay Asset Management North America, where he held dual roles as chief investment officer and head of Rothesay North America for seven years. Rothesay, originally founded within Goldman Sachs, was later acquired by Blackstone, GIC, and…

[ad_1] Gallagher commented on current conditions in the global property and casualty insurance market, noting a continued divergence between property and casualty premium trends. According to the company, commercial property renewal premiums declined 2%, while casualty increased 8% during the first quarter of 2025. Exposure changes, including mid-term endorsements, remained positive. The company also reported…

[ad_1] Dude Products, a company incorporated in Delaware with its principal place of business in Chicago, is at the center of the dispute. The class action, filed March 20, 2025, in the Southern District of California, claims that Dude Products labeled its products, promoted them on its website, and advertised through third-party retailers as being…