World Insurance acquires Royalty Insurance Services in trucking sector deal

Industry groups, however, warned the bill threatens the fragile recovery of Florida’s insurance market. Katelyn Ferry, representing the Florida Justice Reform Institute, argued the proposal could reverse recent progress. “Make no mistake: If this bill passes, it’ll eradicate Florida’s insurance market,” Ferry said. She credited previous reforms with curbing premium hikes and attracting new insurers…

Rebrand boosts client access to experts across risk, benefits, and specialty areas Source link

Sletteland, who assumes the role of regional executive for New York Metro, most recently served as a broker relationship leader. Also based in the New York area, she joined Zurich in 2008 following roles at Marsh McLennan, Priceline, and Citigroup. In her new role, she will be responsible for overseeing Zurich’s engagement in one of…

The appointments come amid broader leadership changes at Hamilton. In February, the company named Mike Thorp as head of space and Chris Golder as head of treaty. Thorp, who joined Hamilton in 2015, was instrumental in launching its space underwriting business. Golder, who came on board in 2023, has 16 years of experience in the…

Senate Bill 1643 would mandate regulatory approval for any proposed rate adjustment, whether an increase or decrease, exceeding 10%. If the commissioner does not act within 30 days, the rate would take effect automatically, unless it involves an increase of 10% or more. Source link

Transatlantic Underwriters (TAU), a Marietta, Georgia-based wholesale insurance brokerage specializing in transportation risks, has launched a new Property and Casualty (P&C) division. The expansion adds six new lines of business: Commercial General and Excess Liability, Commercial Property, Inland Marine, Builders Risk, and Garage. Source link