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Insurance moves: AXA XL, BCBSM, Liberty Mutual, W.R. Berkley and Brown & Riding
They include a new head of cyber and a new president of middle market Source link
APCIA eyes legal reform to cut insurance costs
Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Robert Gordon, senior vice president of policy, research, and international at the American Property Casualty Insurance Association (APCIA), outlined how legal system abuse and excessive litigation have added financial pressure to the insurance sector. Source link
Ategrity Specialty files for initial public offering
Ategrity operates in 48 states and the District of Columbia on a surplus lines basis. At the end of 2024, California accounted for 21% of its gross written premium, followed by Florida at 16.2%, Texas at 12.8%, and New York at 6.4%. The company provides commercial property, low-limit general liability and management, as well as…
Roof repair and replacement costs hit $31 billion – report
In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential claim value, with wind and hail as the primary drivers. These two perils accounted for more than half of residential claims and non-catastrophic wind and hail claims have risen from…
US DOJ asks court to reject report as UnitedHealth accused of improperly obtaining billions
In 2017, a district judge dismissed the DOJ’s claims, finding they did not meet necessary legal standards. However, in March 2025, a court-appointed special master recommended the case proceed to trial, stating that the DOJ’s evidence lacked substance. Source link
Michigan Supreme Court blocks retroactive tolling for pre-2019 PIP claims
Michigan’s top court affirms that providers can’t rely on 2019 tolling rules Source link