TWIA to Pursue $2.9B in Reinsurance for 2023 Storm Season January 19, 2023 By Ezra Amacher The Texas Windstorm Insurance Associated (TWIA) board of directors voted Thursday to authorize broker Gallagher Re to pursue $2.92 billion...
TWIA to Determine Probable Maximum Loss for 2023 Storm Funding January 19, 2023 By Ezra Amacher The Texas Windstorm Insurance Association (TWIA) Board is meeting Thursday, Jan. 19 to determine funding for probable maximum loss (PML)...
Skyward Specialty Finds 2023 Is Right for IPO January 18, 2023 By Ezra Amacher Houston, Texas-based Skyward Specialty on Friday became the first U.S. company to launch an initial public offering in the calendar...
Texas Lawmakers to Consider TWIA Funding, ESG This Legislative Session January 12, 2023 By Ezra Amacher Texas lawmakers returned to Austin this week for the start of the 88th Legislature, which portends to be a relatively...
5th Circuit Rejects La. Restaurant’s COVID-19 Business-Interruption Claim January 11, 2023 By Ezra Amacher The 5th Circuit Court of Appeals ruled Monday against a New Orleans restaurant’s claim for business interruption losses after the...
New Louisiana Laws Require Hurricane Mediation Program, Catastrophe Response Plan January 10, 2023 By Ezra Amacher Louisiana lawmakers passed several bills last legislative session in response to insurers’ handling of recent natural disasters, five of which...
Top 10 Midwest Insurance Journal Stories of 2022 December 29, 2022 By Ezra Amacher Allstate buying office space in downtown Chicago, State Farm suing Tesla over a car fire, and Geico being ordered to...
Top 10 South Central Insurance Journal Stories of 2022 December 29, 2022 By Ezra Amacher Nuclear verdicts, insurer insolvencies, rate hikes, and lawsuits were some of the most popular subjects among readers of Insurance Journal’s...
Renewable Energy Market Generating New Interest As Sector Grows, Need for New Talent, Funding and Industry Partners Emerges November 21, 2022 By Ezra Amacher As the renewable energy insurance market continues to grow, there are risk concerns including catastrophe exposures, inflation and supply chain...
WTW Posts Drop in Q2 Net Income, Revises 2024 Outlook on Russia Losses October 28, 2022 By Ezra Amacher Third-quarter net income at broker WTW was $192 million compared to $907 million during the prior-year third quarter. Net income...