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Insurance hires at Canal Insurance, Zurich North America, Trucordia and Safety National
Mark Walls, formerly vice president of Client Engagement, has been named corporate senior vice president and chief marketing officer. Dan Berns, previously vice president of account services, will become corporate senior vice president of operations, overseeing account services and insurance compliance. Source link
Storms, wildfires and withdrawals: How E&S is filling the Texas insurance gap
Gordy Bunch (pictured), CEO of The Woodlands Financial Group (TWFG), told IB that a rise in catastrophic events including the 2025 California wildfires coupled with Hurricanes Milton, Helen, Beryl, multiple tornado derecho events, and increased frequency of severe convective storms, means that the Lone Star State will continue to see an expanded dependency on the…
Proposed Florida bill could increase insurance litigation costs
He cautioned that if the bill becomes law, insurers will have to reassess risk pricing in Florida, and reinsurers are likely to follow suit. He added that these changes would ultimately impact policyholders through higher premiums, calling the bill a reversal of recent reforms. Source link
Progressive Insurance expands truck cargo coverage in 42 states
Eligible states for the new endorsement include Texas, Illinois, Florida, New Jersey, and 38 others. Progressive expects Cargo Plus to reach 49 states by May 21, 2025, and achieve full nationwide availability by the end of the year, pending regulatory approval.  Source link
What needs to change about the insurance sector?
The Meet the Executive Series welcomes Sun Life’s Irlande Audenier, in association with NAAIA. In this interview, she talks about her career journey, how to attract more talent from the African-American community, and what she would change about the insurance industry. Source link
State Farm agrees to reduce proposed interim rate increase for California homeowners
David Appel, an economist serving as a consultant for State Farm General, said denying the rate request could affect the company’s ability to continue operating in the California market. He recommended allowing the increase on an interim basis, with a full rate hearing to follow to evaluate whether the emergency adjustment was warranted. Source link