Ambac Assurance sued over alleged unauthorized transfer to parent company

[ad_1] Plan includes three main areas of focus [ad_2] Source link

[ad_1] The acquisition is one of several moves World has made as it looks to increase deal volume and expand geographically. In late 2024, the firm also acquired Archambault Insurance Associates, a third-generation family-owned agency serving clients in Connecticut, Rhode Island, and Massachusetts. Founded in 1928, Archambault provides personal, commercial, life and health, and surety…

[ad_1] The USLI umbrella policy states: “If you are legally liable to pay damages for a loss to which this insurance applies, we will pay your net loss in excess of the retained limit. … We are not, however, obligated to defend any claim or suit which is covered in whole or in part by…

[ad_1] The company’s subsidiaries include Sierra Mortgage Capital, a nationwide closed loan mortgage conduit acquiring first lien residential whole loans; Sierra Lending Group, a retail residential mortgage originator serving the Texas market; Sierra Lending Corporation, which offers similar mortgage products in California; and Sierra Insurance Services, a Houston-based insurance agency specializing in life insurance.  [ad_2]…

[ad_1] Small businesses face big challenges in risk mitigation [ad_2] Source link

[ad_1] New law revises negligent security and jury guidelines [ad_2] Source link