CRC, Preferred Employers, Arden, McGowan and Newline Group

Trade errors, Sullivan said, can take many forms. “Common categories include, but are not limited to, data entry errors, missed deadlines, failure to execute, miscommunicated trade instructions, collateral management failures and breaches of mandate.”  Source link

In the latest edition of Insurance Business TV, At-Bay Insurance’s Ken Reigler discusses the company recently being named as a five-star cyber insurance provider. He talks about the company’s evolution, cyber risk mitigation and offers tips for retail brokers operating in the space. Source link

The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. Source link

Consumer Watchdog, a nonprofit advocacy group, has also condemned the move, calling it a violation of California’s Proposition 103, which requires that insurers fully justify any rate increase before implementation. “The public deserves transparency,” said Carmen Balber, the group’s executive director. “Refunds after the fact do little for homeowners who are already struggling.” Source link

Pre-tax catastrophe and weather-related losses, net of reinsurance, totalled US$49 million, or 3.7 points on the combined ratio. Of that, US$32 million, or 2.4 points, was attributed to the California wildfires. The remaining losses were related to other weather-related events. After-tax, catastrophe and weather-related losses totalled US$38 million. Source link

Move bolsters presence in high-growth sectors Source link