Are Fannie Mae and Freddie Mac standards disrupting deals?

The problem, Merlin argued, isn’t the existence of affiliated service providers – it’s the lack of transparency and oversight. “Managing general agents, service companies, reinsurers all have a proper place, and they can be affiliated,” he said. “But that’s why the transactions have to be audited.” Source link

Hub International also purchased the assets of Yavitz Insurance Group, a privately owned insurance agency based in St. Louis, Missouri. It also acquired Mayfield Insurance, an independent insurance agency that offers commercial and personal insurance, including life, home, auto and property insurance. Source link

More than a policy: Cyber insurance as infrastructure  Today’s attacks are faster, stealthier, and increasingly powered by AI-generated content and malware. SMEs, often lacking in-house IT resources, need more than a payout – they need a partner. “Cyber insurance is not just insurance. It’s so much more than insurance,” Kocsondy said. “It’s an entire protective…

Proponents argue that the bill is necessary to protect older drivers from unfair rate increases, particularly as Louisiana grapples with high auto insurance premiums. According to the report, the bill has faced opposition from the insurance industry, with the American Property Casualty Insurance Association (APCIA) asserting that it unnecessarily duplicates existing regulations. Source link

The ruling, issued by Judge Cynthia M. Rufe of the US District Court for the Eastern District of Pennsylvania, stems from a March 5, 2022 accident at a high-rise construction site in Philadelphia. A crane’s rigging system detached and fell from an upper level of the site at One Dock Street, striking two workers, Joshua…

Moving from Summer to Fall brings many changes: back to school, leaves changing colors, football, cooler weather, etc.  It’s also a time to prepare your home and auto for the colder months ahead. Here are some essential tips for homeowners: 1.        Clean Your Gutters – remove leaves and debris to prevent clogging, which can lead…