Similar Posts
W.R. Berkley confirms stake sale to Mitsui Sumitomo
“We have deep respect for MSI developed over years of collaborating with them through the company’s reinsurance operations,” said Rob Berkley, president and CEO of W.R. Berkley. “Their significant investment is a validation of our company’s performance and growth trajectory, and we welcome the opportunity to leverage their international presence to create sustainable stockholder value.”…
Steadfast Insurance argues for Alabama jurisdiction as surplus lines coverage
Upon receiving the claim, Steadfast conducted a multi-year investigation, which included emails, phone calls, site visits, and document requests. Ultimately, the insurer denied coverage in August 2021, citing a failure to comply with the policy’s requirement for “prompt notice” of loss or damage. Source link
Regulatory uncertainty clouds environmental liability insurance market
“A decade ago, 10-year policies were common. Five years ago, five-year terms were easy to secure,” she said. “Now, many carriers limit policies to three years, or even just one year in some cases. This shift stems from growing uncertainty – insurers want the flexibility to reassess risks annually, accounting for changes in regulations, climate,…
Louisiana bill seeks to provide policyholders with tax credit
The bill would offer a tax credit for premiums paid in excess of $2,500 per vehicle Source link
Insurance moves: IMS and Coalition
They include a president for sales for the Americas and a chief technology officer Source link
Risk digitization tops tech priorities for insurers in UK and North America – Cytora
Tech predicted to boost efficiency, growth, and talent retention Source link