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Virginia tightens surplus lines insurance broker rules, offers relief for public transit insurers
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Everest Group taps Laura Hay as independent director
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The future of underwriting: how technology is transforming commercial auto insurance
[ad_1] From legacy processes to digital workflows Traditionally, underwriting commercial auto risk meant hours spent gathering driver records, vehicle histories, safety scores, and financial statements, often via fax or email. Applications could take days, even weeks, to process. In a market where customers demand instant quotes and rapid bind-to-issuance, legacy processes fall short. [ad_2] Source…

Virginia court upholds near $1.7 million appraisal award in Church Mutual property coverage case
[ad_1] Ephesus disputed the insurer’s valuation and invoked the policy’s appraisal clause, set forth in Form A 100, § C(2) (Jan. 2001). That provision required each party to appoint a “competent and impartial appraiser,” with a third-party umpire resolving disagreements. The insurer’s appraiser valued the net replacement cost at $68,148.78, while the church’s appraiser submitted…

Burns & Wilcox announces leadership promotions across US
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MS Amlin reports profit fall
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