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Universal Insurance maintains Florida pricing strategy amid new competitors
Since 2022, more than 10 new insurers have entered Florida’s homeowners insurance market, a trend driven by recent legislative changes aimed at reducing litigation and fraud. Among the new entrants is Mangrove Property Insurance, Tailrow Insurance, Mainsail Insurance and Orange Insurance Exchange. Source link

Hub International acquires Dansig assets
Lerone Sidberry, president and COE of Hub Midwest West, emphasized the strategic fit of the acquisition, stating: “With deep expertise across all facets of the insurance industry, Dansig’s experience and skillsets perfectly complement and strengthen Hub’s capabilities in the region. We’re excited to welcome the Dansig team to Hub.” Source link

Nationwide General Insurance wins trademark coverage dispute over Phoenix event venue
Following the sale, Lennon and her company continued to operate the venue under the Warehouse 215 name, using it in promotional materials, liquor license applications, and business filings. Bentley Projects filed a suit in Arizona state court, accusing them of unauthorized use of the trade name, unfair competition, and trademark infringement under both Arizona law…

FERMA CEO on the changing landscape of risk management
She also argues that with such risk, there must be a collaborative approach: “Today’s interconnected risk landscape, the rapid escalation of emerging threats, and their potential for global impact demand a more proactive, integrated approach. This calls for cross-functional collaboration, with risk managers leading efforts to break down organisational silos and adopt a holistic, enterprise-wide…

AXIS Capital reveals leadership changes
Executive reshuffle signals shift in global market strategy Under the new structure, Sarah Stephen has been promoted to head of liability and will oversee the General Liability and International Casualty MGA teams, both based in London. She will report to Dax Gulmohamed, who has expanded his remit to include oversight of all Global Markets Liability,…

How favorable are workers’ compensation conditions?
Andy Shelton, of Brown & Brown, gives his market overview of the US workers’ compensation insurance landscape. He discusses the market’s recent favorable conditions, the classification of workers as independent contractors, shifts in workforce demographics and more. Source link