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Citizens Property Insurance potentially on the hook over water damage
The homeowners countered with their own expert – a licensed engineer – who had personally inspected the property and reviewed photographs, reports, and other records. The engineer acknowledged the possibility that the leak began unnoticed before July 2019, but crucially, he argued that there was no clear evidence of damage before October 2018, when the…

Brokerages insight: A deep dive into Gallagher
Brokerages insight: A deep dive into Gallagher | Insurance Business America Brokerage Market Review Brokerages insight: A deep dive into Gallagher The California Surplus Lines Market Index highlights the sector’s resilience and adaptability, even amid economic and environmental challenges. These trends serve as both a gauge of market health and a strategic tool for shaping…

Everest appoints three leaders for its wholesale business
“As the US E&S market continues to grow, we are advancing our wholesale strategy by investing in talent, enhancing our service offerings, and focusing on key industries,” said Stephen Buonpane, president of Everest Evolution. “With this strengthened leadership team, we are well-positioned to expand our market presence and provide our US wholesale partners with tailored…

Willis introduces $2.5 billion wildfire insurance policy
Developed in collaboration with the Center for Law, Energy and the Environment (CLEE) at the University of California, Berkeley, the policy links wildfire mitigation practices with lower insurance pricing. It will cover 1,345 acres of Tahoe Donner’s forested and recreational land, offering a 39% reduction in premium and an 89% reduction in deductible compared with…

Top tips for cyber risk prevention
In the latest edition of Insurance Business TV, At-Bay Insurance’s Ken Reigler discusses the company recently being named as a five-star cyber insurance provider. He talks about the company’s evolution, cyber risk mitigation and offers tips for retail brokers operating in the space. Source link