In the latest edition of Insurance Business TV, we catch up with one of this year’s 5-Star Wholesale Brokerage and MGAs winners, Johnson & Johnson. Chairman and CEO Francis G Johnson discusses the E&S market in 2025, emerging trends and how he expects the area to develop this year.
The case, Gerald J. Candeloro v. Allstate Insurance Co., et al., involves a dispute between Gerald J. Candeloro and Jason Garoppolo, an Allstate agent and owner of the insurer’s Groton, Connecticut franchise. Candeloro, who owns property in Mystic, Connecticut, had consistently purchased a FEMA flood insurance policy for the property through Allstate since 2000. His…
The transportation industry runs on reliability. The consequences can ripple far beyond a single shipment when cargo is lost, damaged, or delayed. Without proper coverage, businesses risk financial loss, reputational damage, and loss of key contracts, which can all be detrimental. This article will explore key insights from Jason McConkey, Director of Transportation Underwriting at…
Operating a used car dealership comes with unique risks requiring the right used car dealer insurance. Whether you’re a small, independent dealer or part of a multi-state operation, minimizing risk and protecting your business is essential. In this article, Jason McConkey, Director of Transportation at Central Insurance, shares insights on the key factors influencing used…
In an order issued March 20, Judge Henry T. Wingate of the US District Court for the Southern District of Mississippi denied motions to dismiss filed by PennyMac Loan Services, LLC and Caliber Home Loans, Inc. The ruling allows plaintiffs Ashley C. Guerdan and Catherine E. Guerdan to proceed with their lawsuit, which includes claims…
Gallagher stated that Woodruff Sawyer recorded estimated pro forma revenue of $268 million for the 12 months ending December 31, 2024. Its earnings before interest, taxes, depreciation, amortization, and coronavirus (EBITDAC), including anticipated synergies, were approximately $88 million. The transaction values the firm at around 4.5 times revenue and 13.6 times EBITDAC, aligning with recent…
“Insurers must prioritise transparency in AI-driven decisions, particularly among those who perceive bias in the tools, such as providing negative claim outcomes. Some consumers will have data privacy concerns, while others will simply just prefer interacting with a human,” she said. Source link
