Insurance moves at Fidelis, Hartford, Everen, Everest and Munich Re

[ad_1] The bill, sponsored by Assemblymember Lisa Calderon (D-District 56), would authorize the California FAIR Plan to access additional financial capacity through the issuance of bonds or the establishment of a line of credit. The legislation follows a recent $1 billion assessment issued by the FAIR Plan. [ad_2] Source link

[ad_1] The accountant’s role has morphed into something more complex and liability prone. With firms offering services like investment consulting, offshore outsourcing, and even insurance sales, they’ve entered regulatory minefields – without necessarily updating their risk protections. Tax-related claims now account for over half of the liability cases at McGowan Program Administrators, and exposure is…

[ad_1] Not every broker wants to run toward hard-to-place risks. In a tough market, where even standard lines like auto liability require creativity and layered placements, the wholesale distribution market has experienced significant growth, driven by increasing demand for specialized insurance solutions. However, this rising demand has not simplified deal closures, particularly for new businesses….

[ad_1] Over a dozen firms reviewing documents in effort to secure solvent exit [ad_2] Source link

[ad_1] Whether you’re wiring a new commercial building or updating outdated residential panels, the job of an electrician comes with risk. From working with high-voltage systems to climbing ladders and navigating unfinished jobsites, electricians face hazards that can quickly become costly claims. That’s why electrician insurance isn’t just a smart business decision—it’s essential to protect…

[ad_1] Improved premium retention contrasts with high catastrophe burden [ad_2] Source link