Why brokers need MGAs, not middlemen

California’s largest property insurer, State Farm General, has warned that it will not resume writing new policies in the state, even if regulators approve its proposed 22% rate increase. The statement, delivered in a letter to Ricardo Lara, the state’s insurance commissioner, underscores the growing crisis in California’s homeowners insurance market as insurers retreat in…

The company offers products in general liability, commercial property, and garage segments, utilizing its proprietary Western World Integrated Platform (WWIP) to facilitate underwriting, rating, quoting, binding, and policy issuance for wholesale brokers and their clients. Source link

The British Insurance Brokers’ Association (BIBA) Conference is Europe’s largest insurance broking exhibition and insurance professionals are encouraged to attend. BIBA offers extensive networking and knowledge-enhancing opportunities. This event is expected to attract over 9,500 participants, including more than 230 exhibitors ranging from insurers, brokers, service providers, and software vendors. This event is sponsored by…

Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. Source link

Over a dozen firms reviewing documents in effort to secure solvent exit Source link

When you’re filing an insurance claim, it’s not just about the payout—it’s about how the company treats you along the way. At Central, we pride ourselves on delivering service with genuine care that’s fast, fair, and clear. In fact, our customers have described us as “the best insurance company I’ve ever worked with.”  Read on…