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MS&AD Insurance Group to invest up to $5 billion in North America expansion
[ad_1] MS&AD was established in 2010 through the integration of Mitsui Sumitomo Insurance Group Holdings, Aioi Insurance Co., and Nissay Dowa General Insurance Co. The group operates across several business segments, including domestic and international non-life insurance, life insurance, financial services, and risk-related services. [ad_2] Source link

Wildfire lawsuits miss the mark on California’s real insurance crisis, insurance brokers say
[ad_1] “There’s a disconnect in California with some well-meaning consumer groups who don’t understand that insurance companies can’t continuously lose money and stay in business,” Jones said. “Instead of forcing carriers to subsidize wildfire losses through litigation, we should be focusing on prevention and mitigation—on hardening homes, building defensible zones, and using ember-resistant vents. Government…

Rewriting the risk map | Insurance Business America
[ad_1] A key part of the underwriting process—and a major factor in determining property eligibility and pricing—is a community’s ISO Public Protection Class (PPC). The PPC program, developed by ISO, evaluates a community’s fire protection capabilities, including emergency communications, fire department readiness, water supply, and community risk reduction efforts. [ad_2] Source link

RPS names executive lines practice leader
[ad_1] Company also releases its management and professional liability market outlook [ad_2] Source link

Sun Life broadens paid family leave coverage to 14 states
[ad_1] New markets strengthen employer offerings and boost workforce support initiatives [ad_2] Source link

Everest Group taps Laura Hay as independent director
[ad_1] Latest director served at KPMG for 30 years [ad_2] Source link