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Everest appoints three leaders for its wholesale business
“As the US E&S market continues to grow, we are advancing our wholesale strategy by investing in talent, enhancing our service offerings, and focusing on key industries,” said Stephen Buonpane, president of Everest Evolution. “With this strengthened leadership team, we are well-positioned to expand our market presence and provide our US wholesale partners with tailored…

Kentucky expands insurance regulatory sandbox, adds protections for financial contracts amid insolve
The sandbox’s entry requirements remain stringent. Applicants must submit a detailed technical and business plan, a $750 filing fee, demonstrate at least $25,000 in available funds, and provide extensive disclosures on financial backing and executive leadership. Crucially, innovations must offer consumer protections and pose “no unreasonable risk of consumer harm.” Source link

The Hartford reports Q1 net income losses from California wildfires
Business insurance also recorded a combined ratio of 94.4 and an underlying combined ratio of 88.4, matching results from the prior-year period. In the personal insurance segment, the combined ratio was 106.1, while the underlying combined ratio improved by 6.4 points year-over-year to 89.7. Source link

Hub International acquires Dansig assets
Lerone Sidberry, president and COE of Hub Midwest West, emphasized the strategic fit of the acquisition, stating: “With deep expertise across all facets of the insurance industry, Dansig’s experience and skillsets perfectly complement and strengthen Hub’s capabilities in the region. We’re excited to welcome the Dansig team to Hub.” Source link

Foresters lapse ruling clarifies insurer liability under California notice laws
In 2014, Siino moved and attempted to update her address with Foresters, but the request was rejected because she failed to sign the change-of-address form. Her husband, however, successfully updated his address and continued to receive policy notices. As a result, Siino stopped receiving annual premium notices after her move. Source link