Travelers unit faces lawsuit for denying hail loss claim

Cyber capacity After a period of significant expansion, the cyber insurance market experienced a modest contraction of 2% in 2023, indicating a stabilization following previous rapid growth. This stabilization suggests that, while the market has matured, capacity has remained relatively sufficient to meet demand.​ Source link

President Donald Trump’s pro-business stance and “America First” philosophy could make US firms more profitable, which could positively impact valuations, according to at least one specialist. At the same time, however, economic uncertainty, driven by Trump’s tariffs and trade policies, could dampen M&A as investors take a wait-and-see approach. Source link

Embracing CHANGE at CH Insurance Your business is experiencing change. Your family and your community are changing. Just like for you, at CH Insurance, change isn’t just inevitable, it’s essential. Building on our first two cornerstones of Conversation and Collaboration, we introduce our third: CHANGE. As we continue to super-serve the communities we live and…

“We’re committed to becoming the premier Ancillary General Agency partner in the market,” said Riva Dumeny, president of Amwins group benefits. “Nelligan’s deep expertise and strong market presence make them the perfect partner to help us achieve that vision. Together, we are expanding our product capabilities, strengthening our relationships, and enhancing our ability to support…

The proposal, introduced by the Department of Banking and Insurance, calls for the adoption of the NAIC Term and Universal Life Insurance Reserve Financing Model Regulation #787, known within the industry as the XXX/AXXX Model Regulation. The move would bring uniformity and greater transparency to reserve financing, an area that has historically presented regulatory challenges. Source link

Rate hikes slow and new carriers arrive Source link