The deal includes 15 insurance programs across accident and health, property/casualty, and reinsurance, along with the retail agency NSM Insurance Brokers, the company said in a statement. As part of the transition, NSM’s operations will be split into two distinct entities. New brand identities will be introduced for both the U.S. commercial and direct-to-consumer businesses, though no timeline for the rebranding was disclosed.
Under the bill, joint and several liability rules would be modified so that businesses are required to pay economic damages in proportion to their share of fault in an incident. However, if a business is found to be more than 50% at fault, it would remain responsible for the full economic damages. Noneconomic and punitive…
“As with all our products, after we release we continue to enhance,” Hrach added. “We’re always trying to understand how we can be better, how we can do better. As we’re starting to expand into the distribution and the sales side of carriers, we’re creating even more integrations between our solutions. This is just one…
The council includes representatives from the insurance industry, regulatory agencies, consumer advocacy groups, environmental and climate science, construction, academia, and emergency management. Its latest progress report details the formation of three subgroups, each tasked with developing a specific component of the overall strategy. Source link
Trade policy and economic uncertainty Since returning to office in January, President Donald Trump has introduced and modified tariffs on major trade partners, including China, Canada, and Mexico. A Wall Street Journal report on March 23 suggested the administration planned to narrow the scope of new tariffs set to take effect in April, opting for…
The ACLI has supported a transparent, data-driven approach to RBC processes, Haughawout said, adding that the task force is well-positioned to advance this effort. She also noted that the task force’s first organization call had more than 300 participants, reflecting significant interest in its work. Source link
The frequency and severity of these natural disasters have led to increased home insurance premiums in Alabama. Reports indicate that the average annual home insurance rate in Atlantic and Gulf Coast states, including Alabama, was $2,994 in 2024, which is 26% higher than the 2023 national average of $2,377. Source link
