Louisiana Senate defers action on four insurance-related bills

“Since the Lloyd’s ‘silent cyber’ mandate, insurers have been required to clearly state whether cyber risk is covered or excluded,” he said. “In practice, this has led to wide-scale application of cyber exclusions across hull, cargo, and non-International Group mutual P&I policies, regardless of format. That means many marine operators today are unknowingly exposed.” Source…

Stock market palpitations ignored as IPO launched to raise over $300m Source link

Are agency owners waiting too long to prepare for the next generation? Source link

Travis Bethune, customer and broker engagement leader for North America at BHSI, said that in his new role, Poppie will focus on expanding relationships with regional and global brokers across the US, while Cummins will lead efforts to grow customer and broker engagement in the Northern Central region. Source link

In addition to scoring service performance, the survey asked brokers to identify their top three wholesale partners by line of insurance across 20 major coverage areas. The leading three in each category were awarded gold, silver, and bronze rankings. MGAs also competed for a “Brokers’ Pick” medal, given to the most frequently cited products. Source…

What’s going on in the property market? What was once a fiercely hard market marked by tight capacity, high rates, and restrictive terms has, over the last year and a half, softened in dramatic fashion. That change didn’t come overnight, according to Michelle Yuko (pictured on the right), EVP at Amwins Insurance Brokerage. Source link