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New York to toughen up laws to make up for weakened CFPB
[ad_1] New bill aimed at insurers, others launched by AG Letitia James [ad_2] Source link

Launch Underwriters names Dennis Sparks as CEO
[ad_1] Sparks most recently held the role of executive vice president and chief underwriting officer at MS Transverse Insurance Group. His career in property and casualty insurance spans more than three decades, with previous roles including chief underwriting officer, chief actuary, chief financial officer and head of ceded reinsurance. He has worked at organizations such…

CFC boosts cyber cover for high-risk digital sectors
[ad_1] Fast response stressed as cyber risks escalate rapidly [ad_2] Source link

Rising health insurance costs strain small US businesses
[ad_1] Health insurance premiums in the US In 2024, the United States experienced a significant increase in health insurance premiums. The average annual premiums rose by 6%, reaching $8,951 for single coverage and $25,572 for family coverage. This uptick was primarily driven by escalating medical costs and heightened utilization of healthcare services. [ad_2] Source link

Private equity giant Bain Capital in talks for giant Acrisure deal
[ad_1] The prospective capital injection would be structured as preferred equity, sources said, with final terms yet to be agreed. The deal, if concluded, would allow BDT & MSD Partners— which previously led a $3 billion senior preferred stock investment in Acrisure in 2021— to partially redeem its existing position in the company. [ad_2] Source…

What the medical liability crunch means for brokers
[ad_1] For wholesale brokers like Dennis Fox (pictured), who specializes in healthcare placements at Brown & Riding, the squeeze is palpable. A decade into the business, he’s juggling rising costs, evolving retailer relationships, and shrinking carrier appetite. From youth nonprofits to long-term care, placements are becoming more unpredictable. [ad_2] Source link