Applied Underwriters News

Applied Surety Underwriters Buys Majority of Argo’s In-Force Coal, Oil, Gas, Mining Biz

Applied Surety Underwriters (ASU), a subsidiary of Applied Underwriters’ United Risk division, announced it will acquire the majority of Argo Surety group’s in-force coal, oil, gas, and mining business. ASU will immediately assume the management and administration of the exposures …

California Insurance Co. Says Judge’s Tentative Order Won’t Stop CDI Overreach

A California court’s tentative decision in a dispute between the California Department of Insurance and the California Insurance Company “failed to undo the unprecedented use of the CDI’s conservation mechanism to restrain CIC from its long-planned exit from the state,” …

Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy

Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has been named CEO of the new unit. “Under Dan Malloy’s …

Markets/Coverages: Applied Home National Underwriters Created; Marsh Launches ‘Cyber Pathway’; Everspan, Aurenity Partner on Casualty Buffer

Applied Underwriters Introduces Applied Home National Underwriters Applied Underwriters said it has created Applied Home National Underwriters (“Home National”) to consolidate the company’s presence in select homeowners markets and expand the number and scope of its diversified homeowners programs. Newly …

Rural New Mexico Eyes Insurance Fight Amid Wildfires

ALBUQUERQUE, N.M. (AP) – Manuel and Marcy Silva combed through the charred rubble that used to be their home, searching for any salvageable bits in the wake of the largest wildfire in New Mexico history. Manuel found two of his …

Applied Underwriters Debuts Entertainment & Sports Division

Steve Menzies, chairman of Applied Underwriters, announced the formation of Applied Entertainment & Sports, a new division of the company that will consolidate existing business and add substantial new business in an innovative and aggressively postured entertainment and sports unit …

Applied Underwriters Bumps All Staff Salaries 10% to ‘Keep Up With Inflation’

Applied Underwriters on July 11 said it increased staff salaries across the board by 10% to keep up with inflation and its implications. The dramatic adjustment, far outpacing industry averages, came as predictions of inflation made by the company’s lead …

Federal Appeals Court Rules Against Applied in California Department of Insurance Case

The U.S. Court of Appeals for the Ninth Circuit has affirmed a district court’s dismissal of federal actions in a lawsuit that Applied Underwriters and the California Insurance Co. filed against the California Department of Insurance. This is the latest …

New Jersey Court Upholds State Regulator in Dispute With Applied Underwriters

The New Jersey insurance commissioner does not have to rely upon the state’s attorney general to bring a lawsuit against out-of-state insurers and their affiliates that it believes are violating state laws. Rather, the insurance department can bring an administrative …

Applied Underwriters New Omaha, Nebraska Headquarters Tops Out

Applied Underwriters’ mixed-use, 500-acre development on land formerly part of Boys Town in Omaha, Nebraska reached a milestone in its construction Tuesday as the company’s own operational headquarters on the site was topped out. Topping out refers to when the …