Following two years of high but stable loss activity, 2023 has seen a “worrying resurgence” in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial writes in a new report. The business insurance company’s analysis …
It’s rare for a property insurance company to emerge from an orderly runoff and re-enter the marketplace as a going concern. In fact, it has never happened in Florida, industry experts say. But that may be what is about to …
SureChoice Underwriters Reciprocal Exchange (SURE), a policyholder-owned coastal insurer, in partnership with SageSure, a large managing general underwriters focused on catastrophe-exposed markets, has announced its expansion to the South Carolina commercial property market with its business owners policy (BOP) offering. …
LTC Performance Strategies Inc. in Southern California has been acquired by IMA Financial Group. Following the acquisition, LTC’s leadership will join IMA. LTC will become LTC, an IMA company and will maintain its headquarters in Valencia, California. LTC will complement …
The Nevada Supreme Court has pushed back to Jan. 10 the date for oral arguments in a contract interference and conspiracy lawsuit filed against the NFL by former Las Vegas Raiders coach Jon Gruden. Postponement of the hearing, originally scheduled …
Self-driving car companies could face criminal action in the UK if their vehicles fail to meet safety standards in the most serious cases. New legislation, introduced in today’s speech by King Charles III, who arrived at parliament in a horse-drawn …
NEW ORLEANS (AP) – An upcoming sale of federal Gulf of Mexico oil and gas leases was officially postponed last week amid legal fights over protections for an endangered species of whale. A federal appellate panel last week paused a …
The Texas Windstorm Insurance Association (TWIA) expects policy count to continue to grow in 2024, the association’s Board of Directors said at an Oct. 31 meeting to review information related to the 2024 budget. Policies in-force are projected to increase …
Warner Pacific announced that it has expanded into Minnesota by successfully completing its acquisition of BeneUSA LLC (“BeneUSA”), an Excelsior-based employee benefits General Agency specializing in ancillary group insurance products and services that cater to insurance brokers, agents, and their …
Alliant Insurance Services, headquartered in Irvine, Calif., has named James Spears senior vice president within its Alliant Americas division. He is based in Kansas City, Mo. Spears has over 15 years of experience in property and casualty and risk management. …
