According to Fitch, the sector recorded a combined ratio of 97%, down from 107% in 2023. The improvement ended a three-year stretch of underwriting losses, with the turnaround driven by easing claims severity, steady claim frequency, and higher premiums from rate increases.
EPIC launches construction and infrastructure group EPIC Insurance Brokers & Consultants introduced its Construction & Infrastructure Group (C&I Group) to serve general contractors, specialty contractors, architects, engineers, developers and other industry stakeholders. Source link
In Guidry-Burnham’s view, the captive model exposes a company to longer-term repercussions than the traditional P&C structure. “Everything that you do today has that longer-term impact, much longer than you see in the traditional PMT market,” she said. Premiums don’t just move through the system – they influence ongoing capital needs, reserve structures, and reinsurance…
Michael’s Fabrics, LLC, a Baltimore-based retailer specializing in high-end fabrics, purchased a business owners’ insurance policy from Donegal Mutual Insurance Company for the period covering December 16, 2022, to December 16, 2023. The policy, for which the company paid an annual premium of $4,765, included $3,364 for property coverage. Source link
Gallman served Alfa, her UM carrier, with the original suit in July 2021. One month later, she voluntarily dismissed the action. In December 2021, she filed a renewal complaint and served Alfa the next day. Alfa moved for summary judgment, arguing that it hadn’t been timely served in the original suit. The trial court agreed,…
