US commercial insurance rates continue upward trajectory – report
Umbrella and excess coverage, along with commercial auto, saw the most significant increases
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New bill aimed at insurers, others launched by AG Letitia James Source link
Next Level Commitment in 2025
As we begin a new year, I want to take a moment to reflect on the incredible work we’ve accomplished together and share my excitement for what lies ahead in 2025. At CH Insurance, our foundation rests on our employees, our clients, our carrier partners, and our community. These pillars shape every decision we make and…
Court lets insurance, mortgage servicing claims move forward after wind damage denial
In an order issued March 20, Judge Henry T. Wingate of the US District Court for the Southern District of Mississippi denied motions to dismiss filed by PennyMac Loan Services, LLC and Caliber Home Loans, Inc. The ruling allows plaintiffs Ashley C. Guerdan and Catherine E. Guerdan to proceed with their lawsuit, which includes claims…
Allstate expects $1.17B in catastrophe losses for first two months of 2025
Figure is up on previously projected losses of $1.07 billion Source link
Cyber insurance becoming a key safeguard for SMEs: Report
As cyber threats escalate, cyber insurance is emerging as a critical safeguard for businesses, particularly small and midsize enterprises (SMBs) with limited cybersecurity resources. Coalition’s Cyber Threat Index 2025 underscored the growing role of insurance in mitigating financial and operational fallout from cyberattacks, highlighting ransomware as a leading driver of claims. Source link
Ascot’s Lloyd’s Syndicate 1414 sees profit decline in 2024
Decline due to heavy catastrophe losses and the Baltimore bridge disaster Source link