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What You Need to Know
As a contractor in the Midwest, you know the challenges that come with the job—unpredictable weather, long winters, and the need for solid coverage to protect your business and employees. The risks can be significant whether you’re working on a commercial build or a smaller residential project. At Central Insurance, we understand these challenges and…

Argo Group appoints new chief executive officer
Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link

W.R. Berkley confirms stake sale to Mitsui Sumitomo
“We have deep respect for MSI developed over years of collaborating with them through the company’s reinsurance operations,” said Rob Berkley, president and CEO of W.R. Berkley. “Their significant investment is a validation of our company’s performance and growth trajectory, and we welcome the opportunity to leverage their international presence to create sustainable stockholder value.”…

QBE prevails on hailstorm coverage dispute
The case arose after a June 2021 hailstorm damaged 86 townhomes in the Players Club Villas community. The association, which held a commercial property policy with QBE, submitted a claim days after the storm. While QBE acknowledged coverage, it issued a payment of only $1,587.05, citing actual cash value calculations and applying a 5% per-building…

‘We’re a mom and pop shop’: Dealing with market shifts in wholesale brokering
“If you want to expand outside of your specialty, there should be a market for it,” he said. “For me, I run a small agency with very few employees, so my best way to find out where to expand is through open communication with retail agents. They will tell you where they need help and…