US storm causes widespread destruction, leaving at least 40 dead

[ad_1] Bunch also said developments in California’s property segment are tied to wildfire exposure, confidence in new catastrophe models, and reinsurance support. Filing new programs in the state remains difficult, he added, especially when competing with a state-run plan. [ad_2] Source link

[ad_1] Parker, who joined MIB’s board in May 2023, leads the Global Life business for Pan-American Life Insurance Group across Latin America, the Caribbean, and the US. He also oversees several of the company’s affiliated entities. Baude, a board member since 2019, has held senior operational and technology roles at CNO Financial Group, Univita Health,…

[ad_1] A new court, a new ruling Undeterred, SafeLease moved the case to the newly formed Texas Business Court, which was established to hear complex commercial cases. There, it found a more sympathetic forum. On January 21, 2025, the court issued a temporary injunction ordering Storable to restore SafeLease’s access – at least for clients…

[ad_1] Insurify projects average auto premiums could rise 19% in 2025, up from 5% before the tariffs were factored in. Of that increase, 7% is attributed to the latest global tariffs, 4% to steel and aluminum duties, and 3% to North American trade impacts. The benchmark is reinforced by the COVID-19 pandemic, when replacement costs…

[ad_1] New York Marine had asked the Supreme Court, New York County, to compel Millennia to deposit the collateral amount. The motion was initially denied without prejudice, but the Appellate Division, First Department, reversed that ruling. The appellate court found that New York Marine met the legal standard for a preliminary injunction, showing both a…

[ad_1] Executive reshuffle signals shift in global market strategy Under the new structure, Sarah Stephen has been promoted to head of liability and will oversee the General Liability and International Casualty MGA teams, both based in London. She will report to Dax Gulmohamed, who has expanded his remit to include oversight of all Global Markets…