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US P/C insurers get ratings boost
Downgrades have fallen but upgrades are rising Source link
Beazley taps Lindsay Shipper to head North American commercial property
For the year ending December 31, 2024, Beazley achieved a record profit before tax of $1.423 billion, marking a 13% increase from the $1.254 billion recorded in 2023. This growth was underpinned by a 10% rise in insurance written premiums, totaling $6.164 billion, up from $5.601 billion in the previous year. Source link
North Dakota governor signs bill to merge Department of Securities into Department of Insurance
The consolidation will also integrate the Securities Department, which employs ten full-time staff members, into the Insurance Department. North Dakota joins at least 16 other states that have combined oversight of insurance and securities under a single agency. This move follows similar efforts in other states, including South Dakota, which merged its regulatory departments in…
As the climate shifts, flood insurance needs to become less of an afterthought – expert
Flood insurance is evolving, but the challenges remain steep – from educating homeowners on the true risks, to bridging gaps in coverage, to navigating the balance between private and public insurers. As the risks increase, the industry will have to adapt quickly. And for Templeton-Jones, that means one thing above all: “The education has to be…
APCIA calls out Consumer Watchdog on "self-serving" lawsuit
“Reckless” move could destabilize homeowner protections, association argues Source link
Burns & Wilcox to launch a new product offering with Atain Insurance
Bonnie Steen was promoted to regional vice president, overseeing operations in Louisiana, Arkansas, Mississippi, and Alabama. William Briscoe and Chris Siegel were elevated to vice presidents, with Briscoe managing offices in Oxford, Mississippi, and Birmingham, Alabama, and Siegel taking responsibility for all Florida offices. Berri Willis also became vice president, continuing to lead offices across…