One notable example of depopulation driving insurer growth is Slide Insurance Co., which expanded its book of residential policies from 209,799 at the end of 2023 to over 341,000 by the close of 2024. Similarly, American Integrity Insurance Co., another active participant in the program, saw its policy count jump to nearly 340,000 in the same period.
He cautioned that if the bill becomes law, insurers will have to reassess risk pricing in Florida, and reinsurers are likely to follow suit. He added that these changes would ultimately impact policyholders through higher premiums, calling the bill a reversal of recent reforms. Source link
In January 2020, he was named managing executive of global strategy, supporting underwriting operations across the company. Since becoming president of Markel International in 2021, the division has seen a nearly 40% increase in gross written premiums and a more than 250% rise in net underwriting profit. Before joining Markel, Wilson led the Lloyd’s Asia…
Operating a used car dealership comes with unique risks requiring the right used car dealer insurance. Whether you’re a small, independent dealer or part of a multi-state operation, minimizing risk and protecting your business is essential. In this article, Jason McConkey, Director of Transportation at Central Insurance, shares insights on the key factors influencing used…
Meanwhile, Nicole Jones, who is chief administrative officer and general counsel, will expand her portfolio of responsibilities to include Cigna Group’s enterprise marketing division. This brings together marketing with other functions Jones already leads including public affairs, federal and state government affairs, legal and HR functions. Source link
BTIS promotes head of operations Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an Amynta Group company, has announced the promotion of Jessica Keefe to senior vice president, head of operations. With over 20 years of experience in compliance, operations, and strategic growth, Keefe has played a key role in BTIS’s expansion and operational efficiency since…
Proponents argue that the bill is necessary to protect older drivers from unfair rate increases, particularly as Louisiana grapples with high auto insurance premiums. According to the report, the bill has faced opposition from the insurance industry, with the American Property Casualty Insurance Association (APCIA) asserting that it unnecessarily duplicates existing regulations. Source link
