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Insurance
Florida insurance oversight debate heats up as DFS…
The state’s unique bifurcated regulatory structure involves two primary entities: the DFS, traditionally led by the chief financial officer and responsible for managing consumer services,…
Cyber risk a major threat for expanding digital…
From supporting operational efficiency to alleviating clinician workload, AI is becoming embedded in core healthcare functions. While private equity investment in digital health declined in…
Insurance associations support new towing proposal in Chicago
“Alderman Villegas has been a strong advocate for consumer protections against rogue towing practices,” said Brooke Kelley, assistant vice president of state government relations at…
Roof repair and replacement costs hit $31 billion…
In 2024, roof repair and replacement costs totaled nearly $31 billion, a 30% increase since 2022. Roof-related claims represented over a quarter of all residential…
Which state expects to see largest increase in…
States such as Hawaii, Iowa, and Minnesota will see a 15% rise in premiums, while Florida, which already holds the title of the most expensive…
Hub International continues M&A with acquisition of Employee…
Hub International also purchased the assets of Yavitz Insurance Group, a privately owned insurance agency based in St. Louis, Missouri. It also acquired Mayfield Insurance,…
Revealed – the top global business concerns for…
Instability poses mounting challenges to corporate operations Source link
AI and cyber risks threaten digital healthcare landscape…
From supporting operational efficiency to alleviating clinician workload, AI is becoming embedded in core healthcare functions. While private equity investment in digital health declined in…
Summer Safety Tips: Expert Advice from Central
Summer brings sunshine, road trips, pool days, and plenty of opportunities to make lasting memories—but it also comes with unique risks that can catch you…
Tariffs to fuel surge in auto and home…
Generally, geopolitical instability from budding trade wars is likely to result in hesitation from insurers. The National Insurance Alliance (NIA), a specialty insurance service provider…
Tariffs threaten to push insurance costs higher for…
Matt Brannon, who authored the report, said tariffs affecting imports from countries such as China, Canada, Mexico, Japan, and Vietnam will disrupt the construction supply…
How the reinsurance market shapes P&C insurance rates…
However, reinsurance can also be a driving force behind premium increases and market restrictions. When reinsurers experience heavy losses from natural disasters, economic downturns, or…
Reorganization plan approved by Mutual of Omaha board
“It is important to understand that this is not a demutualization or a step toward demutualization, and there is no plan to issue stock or…
North American insurance industries brace for tariff shock
“The new tariffs announced this week, which will impact imported vehicles and auto parts, are expected to inflate the cost of new cars, repairs and…
Insurance hires: Gallagher, Preferred Employers Insurance
Preferred Employers Insurance sales and distribution manager Meanwhile, Preferred Employers Insurance, a Berkley company, has named Steve Feemster (pictured above, right) as its new sales…
Oklahoma bill expands PTSD coverage for first responders’…
House Bill 1842, sponsored by Rep. Mark Lepak, would amend Section 13 of the Workers’ Compensation Code (85A O.S. §13) to bolster coverage for mental…
M&A deals outperform, breaking seven-quarter losing streak –…
Improved returns despite deal count and mega-deal slowdown Source link
Sierra Financial completes acquisition of PSLIC
Charles Ferdin, managing partner, emphasized the opportunity to deepen engagement with Latino families, a key customer base for the firm. “As a Latino, the ability…
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Chubb consolidates two divisions in North America
Meanwhile, Ranucci has 17 years of experience in insurance and previously served as head of…
Ascot’s Lloyd’s Syndicate 1414 sees profit decline in 2024
Decline due to heavy catastrophe losses and the Baltimore bridge disaster Source link
PERILS adds severe convective storm data in 2025 Exposure Database
The updated database encompasses insured property assets with a total value of US$108 trillion, spread…
Transatlantic Underwriters launches new P&C division
Transatlantic Underwriters (TAU), a Marietta, Georgia-based wholesale insurance brokerage specializing in transportation risks, has launched…
AI vs AI: Firms need to step up their cyber game or risk falling to threat actors
“Using AI to detect fraudulent claims, for example, is no longer a nice to have,…
Nevada bill expands definition of casualty insurance to include legal expense coverage
Currently, Nevada law classifies casualty insurance as coverage for vehicle insurance, liability insurance, workers’ compensation,…