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What is an Insurance Underwriter?
If you’ve ever worked with an independent insurance agent, you’ve likely heard the phrase, “subject to underwriting approval.” But what does that really mean—and who is the underwriter making those decisions? An insurance underwriter is the person responsible for evaluating risk and determining whether an insurance company can offer you coverage, under what conditions, and…
Texas court shuts down pre-suit discovery in Berkley Insurance case
In response, Naymola filed a Rule 202 petition seeking pre-suit depositions of BRIC, BNIC, Cusack, and an unnamed individual (“John Doe”) to investigate potential tort claims arising from how the settlement agreements were obtained. He argued that if the releases are ultimately deemed unenforceable, he may have viable claims against Berkley and its representatives. The…
North American insurance industries brace for tariff shock
“The new tariffs announced this week, which will impact imported vehicles and auto parts, are expected to inflate the cost of new cars, repairs and used car values due to tight profit margins for manufacturers and the interconnected global supply chain,” Friedlander said. “This could generate higher premiums for home insurance and business insurance, in…
Maine proposes overhaul of workers’ compensation self-insurance requirements
Maine lawmakers are moving forward with a bill that could bring notable changes to how self-insurers manage workers’ compensation obligations in the state. Legislative Document 1195 (LD 1195), introduced on March 20, 2025, proposes to update several provisions of the Maine Workers’ Compensation Act of 1992. The bill is now before the Committee on Labor…
Stop whining Californians – your home insurance is cheap
This imbalance masks a more concerning trend. As Sean Kevelighan, CEO of the Insurance Information Institute (Triple-I), noted, “Insurers have sounded the alarm… but change has been slow and the consequences are now clear.” According to Triple-I, the state’s regulations, though well-intentioned, have limited insurers’ ability to cover reinsurance costs and accurately price for wildfire…
Starkweather & Shepley acquires AiK2 Insurance
Founded in 1879, Starkweather & Shepley is one of the largest independent insurance agencies in Rhode Island. With 14 offices in Rhode Island, Massachusetts, Connecticut and Florida, the company offers business insurance, personal insurance, employee benefits and risk management services. Source link