What’s happening in the global marine insurance market?

[ad_1] The deal provides Hadron with licensing in all 50 US states, Washington, D.C., and Puerto Rico, as well as a Certificate of Authority from the US Department of Treasury to issue federal surety bonds. These approvals expand the company’s admitted product capabilities and strengthen its position in the delegated authority space. [ad_2] Source link

[ad_1] 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…

[ad_1] Writing for the court, Judge Ronald Lee Gilman found that even if Wehr wasn’t sued directly, the allegations in the St. Claire case centered on its conduct, and any resulting liability could still flow back to it. That was enough, the court held, to trigger Phoenix’s duty to defend. Kentucky law, the opinion noted,…

[ad_1] Regressive actions worsening the nat-cat protection gap While governments, companies, and individuals are taking action on the protection gap, risk management has been inconsistent, Mantero said. He cited high population growth rates in catastrophe-prone areas in the United States, such as Florida, where Hurricane Ian dealt significant inland flooding and damage to communities in…

[ad_1] “People like to have that personal touch with a claims adjuster” [ad_2] Source link

[ad_1] The expansion is a centerpiece of Lara’s “Sustainable Insurance Strategy,” a broad effort to stabilize California’s fractured insurance market amid mounting climate-related losses. In recent years, major carriers have pulled back from insuring properties in wildfire-prone regions, citing escalating claims and regulatory constraints. The FAIR Plan – intended as a backstop for those unable…