US commercial insurance rates continue upward trajectory – report

Court asked to compel appraisal process after storm damage dispute Source link

For insurers, the bill mandates the development of a comprehensive written information security program tailored to the size, complexity, and risk profile of the organization. Each licensee must conduct periodic risk assessments, designate responsible personnel, and implement administrative, technical, and physical safeguards to protect non-public information. Insurers domiciled in Oklahoma are required to submit an…

This includes cloud platforms such as AWS, Azure, and Google Cloud Platform; vulnerability scanners like Tenable, Qualys, and Rapid7 InsightVM; endpoint protection tools including CrowdStrike, SentinelOne, and Sophos; identity and access management systems such as Okta, Microsoft Entra, and Arnica; and compliance tools including Qualys Policy Compliance and Security Studio. Source link

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

Last year, TWFG Insurance, a Texas-based insurance broker, made a strong market debut. Priced at $17 per share, the IPO exceeded expectations, closing at $22.10 on its first trading day – a surge of over 30%. The company raised approximately $170 million, which is earmarked for debt repayment, potential acquisitions, and general corporate purposes. Source…

Successor has been with the company since 2008 Source link