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A-CAP challenges Utah filing, cites prior court order
The dispute centers on a Feb. 14 court order, which stayed an earlier emergency order issued by the Utah Insurance Department on Dec. 2, 2024. That emergency order had restricted the operations of three A-CAP-affiliated entities: Sentinel Security Life Insurance Company, Haymarket Insurance Company, and Jazz Reinsurance Company. Source link

Climate risks rise, but businesses stay focused on short-term challenges: Beazley report
Despite a surge in extreme weather events, only 20% of executives rank climate-related catastrophic risk as a top concern. At the same time, 72% report adopting new risk management procedures in response to severe weather, signalling a reactive rather than proactive approach to climate adaptation. Insurers warn that without stronger risk mitigation strategies, businesses could…

New Mexico grants subpoena power to superintendent of insurance
Previously, the Office of Superintendent of Insurance (OSI) was limited in its capacity to compel information before filing a notice of contemplated action. Under the amended Section 59A-2-8 of the New Mexico Statutes, the superintendent can now issue a civil investigative subpoena during the early stages of an investigation. This tool can be used to…

ALKEME introduces sector-focused auto sub-brand ALKEME Automotive
ALKEME Automotive will operate as a dedicated platform serving franchise and used car dealerships, auto repair and body shops, towing companies, rental businesses, parts manufacturers, and service centers. The sub-brand brings together agency leaders with experience in delivering specialized coverage and services within the automotive market. Source link