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Leaders Life Insurance joins Truss Peak
Truss Peak specializes in reinsurance and acquisitions within the life insurance sector. The firm provides services such as asset management, operations, actuarial consulting, sales, and accounting to companies undergoing structural transitions. It is backed by South Summit Capital Management LLC, a private capital single-family office, and Thayer Street Partners, a New York-based investment firm. Source…
Connecticut Senate passes bill on expanding state insurance commissioner’s authority
Jim Carson, legislative director for the department, said a separate proposal backed by Governor Phil Scott offers a more consistent approach. Under that bill, the department would maintain its existing review process but include an additional step allowing the commissioner to assess whether a rate is affordable. If a proposed rate exceeded the benchmark and…
9 Expert Safety Tips for Electrical Contractors
Electrical contractors operate in environments where even small mistakes can cause major losses, from fires and equipment breakdowns to injuries and vehicle accidents. While no safety program can eliminate every risk, taking proactive steps to prevent claims and foster a culture of safety can significantly strengthen a company’s risk profile. “Being safety-minded isn’t just about…
Louisiana seeks to strengthen prohibitions on age-triggered premium increases
Proponents argue that the bill is necessary to protect older drivers from unfair rate increases, particularly as Louisiana grapples with high auto insurance premiums. According to the report, the bill has faced opposition from the insurance industry, with the American Property Casualty Insurance Association (APCIA) asserting that it unnecessarily duplicates existing regulations. Source link
Trade policies ignite new pressures in financial and professional liability insurance
How brokers can support their clients Source link
Amwins expands ancillary benefits reach with Nelligan deal
“We’re committed to becoming the premier Ancillary General Agency partner in the market,” said Riva Dumeny, president of Amwins group benefits. “Nelligan’s deep expertise and strong market presence make them the perfect partner to help us achieve that vision. Together, we are expanding our product capabilities, strengthening our relationships, and enhancing our ability to support…