Underwriting expansion marks strong start to year for Lancashire
Reinsurance activity and US-based insurance gains helped offset aviation-related softness
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World Insurance Associates acquires business of Christopher Williams Agency
The acquisition is one of several moves World has made as it looks to increase deal volume and expand geographically. In late 2024, the firm also acquired Archambault Insurance Associates, a third-generation family-owned agency serving clients in Connecticut, Rhode Island, and Massachusetts. Founded in 1928, Archambault provides personal, commercial, life and health, and surety insurance….
Motorists Commercial Mutual Insurance v Farm Bureau over dealer courtesy van crash
At the time, the dealership’s shuttle was insured by Motorists Commercial Mutual Insurance Company. Smith lived with his then-wife, whose vehicle was insured by Farm Bureau, making him eligible for resident-relative coverage under her policy. Lacking personal auto insurance, Mr. Smith also filed for benefits through the Michigan Automobile Insurance Placement Facility, which provides coverage…
Minnesota LTC reform to include pre-2015 policies under partnership eligibility
Under the proposed amendment to Minnesota Statutes 2024, section 256B.0571, subdivision 6, partnership status would be extended to eligible policies that meet criteria in sections 62S.23, subdivision 1, paragraph (b), and 62S.312, even if issued before July 2015. It would also apply to policies exchanged after July 1, 2006, under section 62S.24, subdivision 8. Source…
M&A boom drives record demand for transactional risk insurance: Marsh report
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
CIECA names new board members
Mark Miller, CIO at Crash Champions, joined the company in 2022 and has over 30 years of experience in digital technology. Before his role at Crash Champions, Miller served as CTO at a national collision repair organization and Party City. Meanwhile, Pete Tagliapietra, managing director at DataTouch LLC, is a former CIECA board member with…
Massachusetts high court: indemnity clause survives time limitation statute
“A key difference between an action in tort and an action in contract is that in the latter, the standard of performance is set by the defendants’ promises, rather than imposed by law,” the court wrote. The indemnity obligation in this case, the court found, was one CHA “freely and intelligently chose to be bound”…