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Ambac Assurance sued over alleged unauthorized transfer to parent company
Complaint is in connection with company’s rehabilitation Source link
Final chance: join top industry leaders at Women in Insurance Summit Chicago 2025
This year’s summit is bigger than ever, uniting top industry executives, rising stars, and change-makers for a day of powerful conversations and career-defining connections. With leaders from WTW, Assurant, HUB International, Nexus Group US, and Munich Re – plus a special keynote from Emmy-winning anchor and investigative reporter Molly Grantham – you’ll gain the insights…
From bank arm to independent insurance force: Inside CRC’s bold reset
“I went to our CEO, Dave (Obenauer), and said, we’re on this new journey, and coming out on the other side, I think we need to come out as a new company,” Marshall told Insurance Business. “We are going to be on a new path for supercharged growth, and a whole world of opportunity opens…
Marsh McLennan Agency unveils new agribusiness insurance product
The broader agribusiness insurance market in the US has been affected by several ongoing challenges. More frequent and severe natural catastrophes, including wildfires, droughts, and hurricanes, have led to rising loss ratios and increased pressure on underwriting capacity. In response, many insurers have tightened terms, raised premiums, or withdrawn from high-risk regions. This has left…
Texas court shuts down pre-suit discovery in Berkley Insurance case
In response, Naymola filed a Rule 202 petition seeking pre-suit depositions of BRIC, BNIC, Cusack, and an unnamed individual (“John Doe”) to investigate potential tort claims arising from how the settlement agreements were obtained. He argued that if the releases are ultimately deemed unenforceable, he may have viable claims against Berkley and its representatives. The…
Nine of 10 global firms hit by cyberattacks – report
Most frequently cited vectors of attack identified Source link