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Insurance moves at Liberty Mutual, Ascot Group, Acrisure, Cozen O’Connor and LP Insurance
Key hires include a new chairman and a new CEO for North America Source link
Federal judge: American National Lloyds Insurance must defend property owner in roofer’s injury suit
In American National Lloyds Ins. Co. v. Alexis, Civil Action No. 23-130, the insurer sought a declaratory judgment that it had no obligation to defend or indemnify Michelange Alexis and Real Estate Brothers, L.L.C., in a lawsuit filed in Berks County Court by Ernesto and Ana Rosa. The plaintiffs allege that Mr. Rosa suffered serious injuries…
NY bill targets transparency in title agent compensation
A significant new bill introduced in the New York State Assembly could fundamentally change compensation structures within the title insurance industry. Assembly Bill A07866, sponsored by Assemblymember Carrie Woerner, sets out clear, strict guidelines on how title insurance agents can be compensated by insurers, emphasizing transparency, fairness, and accountability in agent-insurer dealings. Source link
World Insurance acquires Royalty Insurance Services in trucking sector deal
New partnership strengthens national reach and client service capabilities Source link
Spike in Microsoft flaws sparks insurance concern
Despite a decrease in the number of severe flaws, the total volume of vulnerabilities suggested ongoing pressure on IT resources and patching capabilities. The report recommended adopting a multi-layered defense strategy, combining access controls with real-time detection, to protect against identity-driven and zero-day attacks. Source link
Progressive Insurance expands truck cargo coverage in 42 states
Eligible states for the new endorsement include Texas, Illinois, Florida, New Jersey, and 38 others. Progressive expects Cargo Plus to reach 49 states by May 21, 2025, and achieve full nationwide availability by the end of the year, pending regulatory approval. Source link