Similar Posts
Energy insurance market softening as capacity reaches record highs: Willis
The upstream market, which has seen a 5% growth in capacity, is benefiting from a quiet year for losses. This growth continues to fuel soft market conditions. Insurers are under pressure to expand their market share, which has led to reductions in rates and an increasing willingness among underwriters to take on leadership roles, further…
Louisiana insurance crisis easing, says commissioner
Rate hikes slow and new carriers arrive Source link
New Jersey proposes tighter rules on life insurance reserves to match national standards
The proposal, introduced by the Department of Banking and Insurance, calls for the adoption of the NAIC Term and Universal Life Insurance Reserve Financing Model Regulation #787, known within the industry as the XXX/AXXX Model Regulation. The move would bring uniformity and greater transparency to reserve financing, an area that has historically presented regulatory challenges. Source link
Insurance moves: AXA XL, BCBSM, Liberty Mutual, W.R. Berkley and Brown & Riding
They include a new head of cyber and a new president of middle market Source link
Greg Lindberg granted 30-day extension to file objections
Extension pertains to pre-sentence investigation report Source link
Mercury Insurance unveils personal umbrella policy
For example, if someone with a homeowners policy liability limit of $300,000 is found responsible for $1 million in damages due to an accident on their property, their homeowners’ policy might cover part of the damages, but the remaining $700,000 could fall on the policyholder unless umbrella coverage is in place. Mercury’s umbrella insurance helps…