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Steadfast expands broker offering in New Zealand
“The success of our business pack on SCTP [Steadfast Client Trading Platform] with six insurers, has paved the way for this exciting new offering, which has been well received by our broker network,” said Neil Cousins (main picture), CEO of Steadfast NZ. Source link
As $10 million jury awards rise, E&S carriers race to fill the liability gap
Jury awards are ballooning, and traditional insurers are backing out Source link
Roof repair and replacement costs hit $31 billion – report
In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from…
Bipartisan bill seeks to increase subsidies for crop insurance premiums
Currently, the federal government covers 68% of premiums for policies offering up to 80% revenue or yield coverage and 53% for policies at the 85% coverage level. Under the bill, those subsidy rates would increase to 77% and 68%, respectively, according to an analysis released by Sen. John Hoeven, R-N.D., one of the bill’s sponsors….
New York appeals court reinstates dispute over Central Insurance Agency’s purchase of Korman Insuran
The decision, issued on April 23, 2025, by the Appellate Division, Second Department, involves the 2018 planned sale of M.R. Korman Insurance. Veteran broker John Bures had negotiated to buy the agency from Marshal R. Korman. But before the agreement was signed, Marshal Korman passed away. Source link
Insurance moves at Liberty Mutual, Ascot Group, Acrisure, Cozen O’Connor and LP Insurance
Key hires include a new chairman and a new CEO for North America Source link