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Sierra Financial gains approval to acquire Preferred Security Life
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. Source link
Proposed Florida bill could increase insurance litigation costs
He cautioned that if the bill becomes law, insurers will have to reassess risk pricing in Florida, and reinsurers are likely to follow suit. He added that these changes would ultimately impact policyholders through higher premiums, calling the bill a reversal of recent reforms. Source link
The Best Insurance Professionals and Brokers Worldwide | Global 100
Jump to winners | Jump to methodology Generational superstars Insurance Business has compiled the 2025 Global 100, featuring outstanding professionals from across six different markets: the US, Canada, Australia, New Zealand, Asia-Pacific and the UK. All of those featured have had a definitive impact on the industry and taken their respective firms to new heights. 2024…
Chubb consolidates two divisions in North America
Meanwhile, Ranucci has 17 years of experience in insurance and previously served as head of North America lower middle market and as global chief underwriting officer for small business. He will oversee operations, including profit and loss management, field and home office underwriting, product development, pricing, portfolio management and analytics. Source link
US car thefts see largest drop in years
Despite an 18% decline, the District of Columbia had the highest vehicle theft rate in the country, with 842.4 thefts per 100,000 residents, more than three times the national average of 250.2 per 100,000. Other states with high theft rates included California at 463.2 per 100,000 residents, New Mexico at 458.2, Colorado at 430.0, and…
Insurance moves at LexisNexis, NFP, Intact Insurance and others
Bessire, former CTO and chief data officer at Coterie Insurance, will enhance MGT’s AI-driven risk assessment and pricing capabilities. Johnson, with a track record in scaling agency networks, will lead business development efforts to expand MGT’s presence nationwide. Source link