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Licensed home inspectors in Arkansas will now need to carry more specialized insurance coverage following the enactment of House Bill 1625, now designated Act 974. Approved on April 22, 2025, the law amends Arkansas Code § 17-52-318(a) to replace the general liability insurance requirement with a mandate for either a professional liability insurance policy or…

Wildfires reverse rate moderation  After signs of stabilization in 2024, the commercial property market experienced renewed pressure following major wildfire events. In January, the Palisades and Eaton Fires in Los Angeles County destroyed more than 16,000 structures, quickly depleting reinsurers’ catastrophe budgets for the year. Though 2024 reinsurance renewals were broadly favorable, the early surge…

In response, Naymola filed a Rule 202 petition seeking pre-suit depositions of BRIC, BNIC, Cusack, and an unnamed individual (“John Doe”) to investigate potential tort claims arising from how the settlement agreements were obtained. He argued that if the releases are ultimately deemed unenforceable, he may have viable claims against Berkley and its representatives. The…

In the latest edition of Insurance Business TV, join Daniel Mogelnicki, of Westfield Specialty, as he examines the state of the E&O and MPL market. In this interview he delves into the specific opportunities in MPL classes, and offers tips for brokers operating in the space. Source link

Last year, TWFG Insurance, a Texas-based insurance broker, made a strong market debut. Priced at $17 per share, the IPO exceeded expectations, closing at $22.10 on its first trading day – a surge of over 30%. The company raised approximately $170 million, which is earmarked for debt repayment, potential acquisitions, and general corporate purposes. Source…

The second division, Programs and Solutions, will cover a range of business lines, including personal lines, Bermuda operations, surety, workers’ compensation, small commercial packages, program and alliance offerings, and Insurtech. Alex Martin, formerly president of Markel Specialty, will lead the division. Martin has been with the company for 19 years and has held positions across…