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Palomar agrees to acquire Texas-based crop insurance MGA AAP
Crop insurance growth in the US Palomar’s expansion into the crop segment follows growth trends and projections within the market. In 2024, farmers and ranchers invested over $6 billion to purchase approximately 2.4 million crop insurance policies, providing $159 billion in protection against weather and market losses. This coverage spanned over 543 million acres, representing…
AssuredPartners asks court for restraining order against EPIC insurance
After Rick Frechmann, Joleen Mayfield, and Brad Snitzer left its employment, AssuredPartners (AP) filed a lawsuit in December 2024 against EPIC and three former employees – alleging breach of contract, misappropriation of trade secrets, tortious interference, unjust enrichment, and breach of the duty of loyalty. AP claimed that after the defendants left the company, they…
US P&C insurance market remains stable but uncertainty looms – report
Managing risk in a shifting market “Major industry headwinds such as social inflation, natural catastrophes, climate change, trade wars, tariffs, and regulatory changes are adding to the market uncertainty,” said Vince Gaffigan, executive vice president and director of risk consulting at Lockton. “Now, more than ever, businesses should be reevaluating their insurance programs to safeguard…
Natural catastrophe protection gap surged over the past five years: Zurich
Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in 2022….
Insurance moves: Hinterland Insurance, NJM Insurance and HDI Global
New CEO at NJM Insurance Carol Voorhees (pictured right), currently executive vice president and chief operating officer at NJM Insurance, has been appointed president and CEO. She will succeed Mitch Livingston, who will retire on July 31, 2025, after 19 years with the company. Source link
How CH Insurance’s BOOST Program Optimizes Group Benefits for Small Businesses
Featuring Joe Courcy, Assistant VP, Group Benefits, CH Insurance For small business owners, navigating the complexities of group benefits can be overwhelming. Between compliance regulations, cost considerations, and employee expectations, offering a competitive benefits package often feels like a full-time job. That’s where CH Insurance steps in with BOOST—a locally designed and managed solution tailored…