Similar Posts
New York bill proposes state-backed home equity insurance
State-issued equity coverage would pay out the difference between a home’s insured value and its eventual sale price — provided the owner has lived in the property for at least three years. Claims would be denied if the equity loss stems from owner neglect of the property’s condition. A newly created Home…
Kuderer pushes forward on insurance reforms amid legislative hurdles
Kuderer also raised concerns about proposed federal cuts to FEMA, NOAA, and the National Flood Insurance Program, which she said could increase risk for consumers. Additionally, she warned that letting health insurance premium tax credits expire could result in 80,000 Washingtonians losing coverage and destabilize the individual market. Source link
Product recalls may spike amid tariffs and lighter oversight
“Tariffs are impacting nearly every industry, including automotive, life sciences, consumer products like electronics, toys, appliances, and even food when it comes to ingredient sourcing,” Harvey said. “And when enforcement is lighter, the risk grows even more.” Source link
Resilience key to insurance, financing renewable energy projects
The downstream energy sector saw limited major losses in 2024, encouraging insurers to reduce rates. However, potential losses in the first quarter of 2025 have already reached $1.5 billion, exceeding the prior year’s total, introducing potential volatility. Source link
Insurance Brokerage Competitive Analysis: Arthur J. Gallagher & Co.
[3] Meyer Shields interview, April 2, 2025. (Shields interview) [4] Arthur J. Gallagher & Co., “Arthur J. Gallagher & Co. Acquires Imbs Holdings Inc.,” last modified April 10, 2025, https://investor.ajg.com/news/news-details/2025/Arthur-J–Gallagher–Co–Acquires-Imbs-Holdings-Inc-/default.aspx.:contentReference[oaicite:1]{index=1} [5] SeekingAlpha, “Arthur J. Gallagher & Co. (AJG) Q4 2024 Earnings Call Transcript,” accessed April 10, 2025, https://seekingalpha.com/article/4753684-arthur-j-gallagher-and-co-ajg-q4-2024-earnings-call-transcript. (Q4 2024 Earnings Call Transcript) [9]…
Illinois bill proposes major shakeup in title insurance oversight
A newly introduced bill in the Illinois General Assembly aims to significantly alter the regulatory oversight of the title insurance industry. Senate Bill 2648, introduced by Sen. Bill Cunningham, proposes shifting enforcement authority from the Department of Financial and Professional Regulation (IDFPR) to the Department of Insurance (DOI). This strategic move could streamline insurance oversight…