While investors in private climate data firms may benefit, the broader impact will be felt by policyholders. “Anytime you increase costs for insurers, those costs get borne out by the policyholders,” he said. “Over time, that is going to make insurance more expensive for homeowners and business owners.”
RSPE also considers a range of classes, including municipalities, public schools, community colleges, special service districts, and transit authorities. Eligibility is open to pools and individual risks, with a minimum self-insured retention (SIR) of $100,000 and a minimum premium of $125,000 per account. Source link
Bonnie Steen was promoted to regional vice president, overseeing operations in Louisiana, Arkansas, Mississippi, and Alabama. William Briscoe and Chris Siegel were elevated to vice presidents, with Briscoe managing offices in Oxford, Mississippi, and Birmingham, Alabama, and Siegel taking responsibility for all Florida offices. Berri Willis also became vice president, continuing to lead offices across…
Simon Delchar, global head of placement at Willis, added that the expansion reflects growing collaboration within the London cyber market. “CyXS Plus and CyXS Company bring the number of insurers supporting CyXS to 25, showing fantastic commitment from the London cyber market to deliver better outcomes for our clients around the globe,” he said. Source…
Trucordia has also acquired CADA Insurance Services, expanding its footprint in Louisiana. CADA operates offices in Baton Rouge, Chalmette, Gretna, and Kenner, and provides coverage across several lines, including auto, home, commercial, general liability, and workers’ compensation. Source link
Licensed home inspectors in Arkansas will now need to carry more specialized insurance coverage following the enactment of House Bill 1625, now designated Act 974. Approved on April 22, 2025, the law amends Arkansas Code § 17-52-318(a) to replace the general liability insurance requirement with a mandate for either a professional liability insurance policy or…
Hiscox London Market reported ICWP of US$329.7 million, a 4.0% increase from US$316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
