“As the US E&S market continues to grow, we are advancing our wholesale strategy by investing in talent, enhancing our service offerings, and focusing on key industries,” said Stephen Buonpane, president of Everest Evolution. “With this strengthened leadership team, we are well-positioned to expand our market presence and provide our US wholesale partners with tailored solutions to meet the evolving needs of the market.”
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. Source link
States such as Hawaii, Iowa, and Minnesota will see a 15% rise in premiums, while Florida, which already holds the title of the most expensive state for home insurance, will see an additional 9% increase, pushing the average premium to $15,460 by the end of 2025, according to the report. Source link
Speaking on a first-quarter earnings call, Greenberg said the federal government should align its trade, economic, and fiscal priorities. He expressed hope that future trade agreements would ease or remove tariffs, which he said have affected the country’s international standing and increased the risk of an economic downturn. Source link
Starwind Specialty names executive senior underwriter Starwind Specialty Insurance Services, a CRC Group company, appointed Joe Jones as executive senior underwriter within Starwind Transportation. Jones, with over 20 years of experience in trucking and high-hazard insurance lines, previously managed a fleet underwriting team at a top trucking Insurtech firm. He will report to regional director…
The request, submitted in February by the North Carolina Rate Bureau, was initially denied by Causey, continuing his long-standing practice of rejecting initial rate hike proposals. The North Carolina Department of Insurance confirmed the hearing timeline in a recent statement. Source link
