Palomar’s expansion into the crop segment follows growth trends and projections within the market. In 2024, farmers and ranchers invested over $6 billion to purchase approximately 2.4 million crop insurance policies, providing $159 billion in protection against weather and market losses. This coverage spanned over 543 million acres, representing nine out of 10 eligible acres nationwide.
At the same time, UFG has embraced technology to navigate this turbulent landscape. Advanced catastrophe modeling, in particular, has reshaped the company’s ability to assess risk. “We’ve improved data capture and integrated new CAT modeling tools, allowing us to better analyze exposure and decide where we want to grow,” Salazar said. The models blend internal…
The plaintiff, William Young, who represented himself, alleged that State Farm submitted a false accident report to the National Accident Reporting Agency, operated by LexisNexis, in connection with an incident that occurred on or about January 5, 2023, in a CVS parking lot in Largo, Maryland. At the time, Young was insured by Progressive, not…
“Talicia is an executive who leads with both focus and empathy – for clients and colleagues,” said Gary Piantedosi, president of Alera Group. “Those characteristics, combined with her strategic insights and collaborative leadership style, will benefit both clients and colleagues, and we’re excited about the future.” Source link
Transactional risk insurance saw strong uptake across technology, healthcare, and renewable energy, where dealmakers increasingly relied on coverage for tax-related exposures. Emerging markets, particularly in Latin America and Africa, also recorded increased usage, reflecting a growing insurance infrastructure supporting cross-border deals. Source link
This momentum has elevated standout firms such as Monarch E&S, Wholesure, and Gorst & Compass, each earning 5-Star status for their performance across 10 criteria including product range, tech innovation, and ability to place niche risks. Monarch E&S president Yiana Stavrakis emphasized the firm’s commitment to tailoring solutions for mid-market clients and exploring niche programs—most notably, a custom personal umbrella…
