Articles by Newswire

First Cap Writing Calif Admitted Dwelling Fire Program as Alternative to FAIR Plan.

San Diego, CA First Cap Property Insurance Solutions has announced a new admitted Dwelling Fire program for California residential risks. The program is designed to be an alternative to the California FAIR Plan. The new program is a resource for …

RMS Estimates that Total Insured Losses from the 2020 Western U.S. Wildfires Will Be Between US$7bn – US$13bn

Latest RMS estimate includes loss from new fires that started and spread following the previous RMS loss estimate in September Newark, CA – December 15, 2020 – RMS, the world’s leading catastrophe risk solutions company, estimates insured losses from the …

Lafayette, Louisiana Based Dwight Andrus Insurance Expands Territory with New Crowley, Louisiana Office

Independent Insurance brokerage, Dwight Andrus Insurance, is pleased to announce its acquisition of Mayeux Insurance Agency in Crowley, LA which extends Andrus’ reach further into western Louisiana. Both firms broker Commercial and Personal Property & Casualty Insurance, Employee Benefits and …

RMS Collaborates with Willis Re and Securian Financial on Launching the First Indemnity-Based Mortality Catastrophe Bond

London, UK – 23 Nov, 2020 – RMS, the world’s leading catastrophe risk modeling company, collaborated with Willis Re Securities and Securian Financial to launch the new La Vie Re Limited (Series 2020-1) mortality catastrophe bond providing US$100m of reinsurance …

New MGA Seeks To Streamline Professional Liability Coverage

ProFinity Insurance Services to offer wholesale solution for design, engineering, construction and manufacturing LOS ANGELES, Dec. 14, 2020 – ProFinity Insurance Services, a specialty MGA focused on the design, engineering, construction and manufacturing industries, recently opened its doors to wholesale …

AmWINS Program Underwriters Announces New Carrier for Long-Term Care Facilities Program

CHARLOTTE, N.C. (December 2, 2020) – AmWINS Program Underwriters (“APU”) today announced a new carrier partnership to provide insurance solutions for APU’s Long-Term Care Facilities program, effective January 1, 2021. Rated “A-” (Excellent) by A.M. Best, financial size XI, the …

Workers’ Comp Insurance MGU Method Adapts Cutting Edge AI Solution to Streamline Underwriting

Nashville, TN, December 1, 2020 – Method has partnered with Gradient AI to incorporate state-of-the-art Artificial Intelligence (AI) and Machine Learning (ML) solutions into the underwriting process. Method utilizes Gradient’s Artificial Intelligence Predictive Underwriting Model to predict the number of …

New CSR Podcast Series – Episode 2: I’m Your Agent, Let’s Talk About Sex.

Austin, TX, November 23, 2020 – The National Alliance for Insurance Education & Research recently launched a new podcast series titled Awkward Insurance. The podcast is intended for Insurance Service Representatives (CSRs) but contains insightful content for all insurance and …

Prime Property & Casualty Insurance Inc. Successfully Resolved Trucking Case in Florida Jury Verdict of Just Under $412M

Chicago, IL, November 13, 2020 – Prime Property & Casualty Insurance Inc. (“PPCI”) successfully resolved a trucking case that went to jury trial in Florida resulting in a jury verdict of just under $412,000,000. The excessive judgment was due to …

Wright Specialty Insurance Introduces New Education Insurance Offering with Munich Re

November 12, 2020 – Garden City, NY – Wright Specialty Insurance, which provides a comprehensive suite of property and casualty insurance coverage and services for educational institutions nationwide, has expanded its relationship with Munich Re Specialty Insurance in order to …