Comparatively, Bowhead reported that its Q4 2024 gross written premiums rose 26.3% to $184.8 million, driven by renewals, new business, and platform expansion across all divisions. Return on equity stood at 14.8%, while the company’s book value per share stood at $11.34.
The dispute arose from a lease agreement executed in February 2019, under which Hembree Insurance Trust leased a 135,847-square-foot industrial building in Scottsboro, Alabama, to Maples Industries for a five-year term running from January 1, 2020, through December 31, 2024. The lease obligated Maples to maintain the property, including a clause specifying that Maples would…
However, the appeals court dismissed this part of the appeal. Writing for the court, Presiding Judge Tookey noted that no formal judgment had been entered against Hartford on the breach of contract claim, making the denial of summary judgment for prejudgment interest not appealable. Moreover, the court emphasized that under Oregon law, denials of summary judgment…
The NFIP, once the only option for homeowners and businesses, has long been criticized for its low coverage limits and lack of flexibility. With rising flood risks due to climate change and evolving property needs, consumers have sought alternatives that address losses beyond structural damage – like business interruption and building upgrades. Source link
The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That transaction…
