Insurance moves at BHSI, Alliant Insurance and Resilience

At the heart of the proposal is a state-administered insurance pool, funded through a combination of legislative appropriations (capped at $25 million), fees from participating managers, and interest income. Liability coverage would be limited exclusively to prescribed burns conducted by certified individuals, with exclusions for workers’ compensation, automobile liability, and other professional liabilities. Source link

The NY Compensation Insurance Rating Board (NYCIRB) recently voted to file for a 13.2% decrease in overall workers’ compensation loss costs. These loss costs are what insurance companies use to develop the workers’ compensation (WC) rates that employers see on their policies. NYCIRB will file their request with the NYS Department of Financial Services by May…

Law argues that the rule conflicts with the Texas Labor Code, particularly Section 408.161, which states that “lifetime income benefits are paid until the death of the employee.” He also cites Section 408.201, which exempts benefits from “garnishment, attachment, judgment, and other actions or claims.” According to Law, the monthly verification requirement amounts to an…

Martinez, who owns property in California and sits on a HOA board, noted a tangible shift in consumer awareness. “There’s way more engagement and attendance of landlords now as a byproduct of the surging insurance cost,” he said. “Whereas before, people didn’t even pay much attention to their insurance, now you have to, or else…

John Bruce (pictured), senior partner at Kennedys, attributed the growth to strategic decisions, including new office openings and leadership changes. He outlined the firm’s target to reach US$1 billion (£736.7 million) in global revenue by 2030, highlighting investments in personnel, processes, infrastructure, and innovation as part of this plan. Source link

Matt Brannon, who authored the report, said tariffs affecting imports from countries such as China, Canada, Mexico, Japan, and Vietnam will disrupt the construction supply chain and add to repair costs. He noted a similar outcome during the COVID-19 pandemic, when material shortages and price hikes also contributed to higher insurance rates. Source link