Bonnie Steen, who will mark 18 years with the company this year, has been promoted to regional vice president. Steen previously served as vice president and managing director for the company’s offices in New Orleans, Baton Rouge, and Ruston, Louisiana.
Writing for the court, Judge Ronald Lee Gilman found that even if Wehr wasn’t sued directly, the allegations in the St. Claire case centered on its conduct, and any resulting liability could still flow back to it. That was enough, the court held, to trigger Phoenix’s duty to defend. Kentucky law, the opinion noted, requires…
Mercury’s combined ratio for the quarter stood at 119.2%, up from 100.9% in Q1 2024, reflecting elevated loss activity from catastrophe events. Catastrophe losses, net of reinsurance, reached $447 million in the quarter, up from $72 million a year earlier. Source link
Loyalty additions are paid as a one-time benefit in some policies in lieu of a simple reversionary bonus (SRB). The main difference is that, unlike the simple reversionary bonus, which becomes a part of the policy benefits as and when it is declared, loyalty additions shall be available to the policyholder only at the time of exit from the policy….
Simon Delchar, global head of placement at Willis, added that the expansion reflects growing collaboration within the London cyber market. “CyXS Plus and CyXS Company bring the number of insurers supporting CyXS to 25, showing fantastic commitment from the London cyber market to deliver better outcomes for our clients around the globe,” he said. Source…
A new court, a new ruling Undeterred, SafeLease moved the case to the newly formed Texas Business Court, which was established to hear complex commercial cases. There, it found a more sympathetic forum. On January 21, 2025, the court issued a temporary injunction ordering Storable to restore SafeLease’s access – at least for clients active…
