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Property brokers say NOAA data purge creates blind spots
NOAA’s disaster database has long been a critical resource for insurers, brokers, and risk modellers. Its abrupt removal creates blind spots as hurricane season looms, impacting property insurance pricing, risk models, and underwriting accuracy, according to brokers Insurance Business spoke to. Source link
Amwins unveils new excess casualty program
Exclusively available through Amwins brokers, the program offers follow-form excess liability on a quota-share basis. It is written on A+ rated paper and structured to address growing demand for flexible, high-limit liability coverage. The offering is available nationwide and targets a wide industry spectrum. Source link
Federal Life finalizes acquisition of Texas Service Life
Move aims to strengthen pre-need insurance market Source link
Louisiana bill on insurance commissioner role unlikely to advance – report
If enacted, the legislation would require the governor to appoint the insurance commissioner from a shortlist of candidates selected by a committee made up of lawmakers, insurance regulators, consumer advocates, and industry representatives. An amendment added to the bill would grant the Senate authority to confirm the appointment, introducing an additional layer of oversight. Source…
Why M&A is booming in specialty insurance
Farrah Ata (pictured), a property and casualty insurance broker for Willis Towers Watson’s M&A practice, has had a front-row seat to these shifts. From automated manufacturing to cyber benchmarking tools, her work reveals how insurers are building tailored verticals for risk lines that didn’t exist ten years ago – and using that infrastructure to accelerate…
Tangram unveils crisis coverage for education and social service sectors
Protection spans threats from abduction to violence response Source link