Ryan Specialty to acquire USQRisk assets to bolster alternative risk platform

The case began when Weston and Carrie Twigg hired Rainier Pacific Development LLC in 2011 to build a home on a sloped property in Oregon. After moving in, the Twiggs identified multiple construction defects, including a garage floor that cracked and sloped inward, directing water toward the house. A settlement followed. Under a “Repair Agreement,”…

Underwriting strength highlighted by consistent core performance excluding catastrophes Source link

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

However, the appeals court dismissed this part of the appeal. Writing for the court, Presiding Judge Tookey noted that no formal judgment had been entered against Hartford on the breach of contract claim, making the denial of summary judgment for prejudgment interest not appealable. Moreover, the court emphasized that under Oregon law, denials of summary judgment…

Description: ‘Sum Assured on Death’ plus accrued Guaranteed Additions, payable if the policy is in force. In LIC’s Jeevan Utsav Plan 871, the “Sum Assured on Death” is a crucial component of the death benefit. It’s essentially the guaranteed amount paid to the beneficiaries if the insured person passes away. This sum is the higher…

In the US, operating DPW declined 3%, mainly due to the non-renewal of a large account. The region’s combined ratio improved slightly to 86.8%, helped by rate momentum across most lines. In the UK and Ireland, operating DPW fell 4% as portfolio remediation efforts continued. The combined ratio in that segment rose to 97.6%, influenced…