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Steadfast Insurance argues for Alabama jurisdiction as surplus lines coverage
Upon receiving the claim, Steadfast conducted a multi-year investigation, which included emails, phone calls, site visits, and document requests. Ultimately, the insurer denied coverage in August 2021, citing a failure to comply with the policy’s requirement for “prompt notice” of loss or damage. Source link
Markel launches cyber coverage for indirect war losses
Elsewhere, Markel launched FintechRisk+, an insurance policy tailored for fintech companies. This policy offers comprehensive coverage, including financial services and technology liability, directors and officers (D&O) liability, theft, and cyber protection, with limits up to $20 million. Source link
Insurance moves at Liberty Mutual, Ascot Group, Acrisure, Cozen O’Connor and LP Insurance
Key hires include a new chairman and a new CEO for North America Source link
North Dakota bill would shift securities oversight to insurance department
Securities regulation and insurance oversight In the US, securities regulation is primarily managed at the state level, with each state establishing its own regulatory framework. The structure and oversight of securities regulation vary across states, with some integrating securities oversight within their insurance departments, while others maintain separate agencies. Source link
How coverage gaps are undermining housing efforts
Rising premiums add new strain to homelessness response Source link
Tangram unveils crisis coverage for education and social service sectors
Protection spans threats from abduction to violence response Source link