Insurance crisis deepens in Gulf states

[ad_1] “We all bring our own diversity to the table,” says Larnise Boain [ad_2] Source link

[ad_1] According to its approved application filed May 20, Viceroy is forming as a Florida stock corporation with 500,000 shares of common voting stock at a $50 par value. Monarch will hold 90,000 shares, while 10,000 shares will go to funds managed by or affiliated with Hale. The company will write homeowners multiperil lines in…

[ad_1] A growing disconnect between insurance market capacity and lender requirements is squeezing real estate borrowers and leaving brokers to close the gap [ad_2] Source link

[ad_1] Her career began as an actuary at AIG before moving into underwriting, where she held senior positions, including president of American Home Assurance Company. She later joined Praetorian Insurance Company, which was acquired by QBE, where she served as president of QBE Specialty and chief actuary for QBE’s Americas division. Before TMHCC, she was…

[ad_1] “Right now, there are three big, large account, commercial (underwriters). Gallagher is actually moving up in account size, pushing into Marsh, Aon, and WTW’s businesses, strategically… Gallagher is going larger, and the other big three are going smaller,” said Paul Newsome – managing director of Piper Sandler and vice president of The Association of…

[ad_1] The House has also advanced several bills focused on tort reform. House Bill 434, which has been sent to the governor, would increase the threshold at which uninsured drivers can recover bodily injury medical expenses, raising the limit from $15,000 to $100,000. Another measure, House Bill 450, would require plaintiffs to demonstrate that injuries…