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The insurer, which serves about 10 million households and manages 19 million insurance policies nationwide, disclosed the incident late last week. Farmers Insurance provides a range of products, including auto, property, life, and commercial insurance, and employs approximately 48,000 agents and 21,000 staff members across the United States.
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[ad_1] “Before the collapse, this carrier was willing to take on significant portions of coverage, sometimes assuming 40-60% of a placement on a quota-share basis,” he told Insurance Business. “However, after the incident, they have reassessed their approach. Now, they are cutting back their limits—where they once provided $250 million in coverage, they may now…
[ad_1] According to the complaint, Walter Montejo was driving a tractor-trailer when the collision occurred at about 2:21 p.m. The crash resulted in bodily injury and property damage to several parties, with two wrongful death claims also in play. Lawsuits have been filed by Rudolph Colin and Jacob Helms (Case Number 25BA-CV02498), and by John…
[ad_1] Tech upgrades, specialist lines, and resilience strategies shape next-phase priorities [ad_2] Source link
[ad_1] Sparks most recently held the role of executive vice president and chief underwriting officer at MS Transverse Insurance Group. His career in property and casualty insurance spans more than three decades, with previous roles including chief underwriting officer, chief actuary, chief financial officer and head of ceded reinsurance. He has worked at organizations such…
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[ad_1] “Privacy resilience is an organisation’s ability to withstand, adapt and recover from adverse privacy events, whether regulatory inquiries or enforcement, legislation, lawsuits or public scrutiny,” she said. “It encompasses more than just strong data protection mechanisms; it includes flexibility — the capacity to adapt to new regulations, technologies and unforeseen incidents with minimal disruption.”…
