Private Flood Insurance Market Small But May Grow With New NFIP Rating: AM Best October 4, 2021 The country’s flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government’s program for...
U.S. Surplus Lines Industry Grew Premium 17.5% in 2020 October 4, 2021 The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, the largest year-over-year premium increase since 2003,...
Ida Damage to Louisiana Agriculture at Least $584M October 4, 2021 Hurricane Ida’s winds and floods did at least $584 million in damage to agriculture in Louisiana, experts at the LSU...
Feds Analyzing Fractured Gas Pipeline in Arizona Explosion October 4, 2021 The National Transportation Safety Board released its preliminary report on an August gas line explosion in Coolidge, Ariz., that destroyed...
Business Moves October 4, 2021 National Moody’s, RMS Moody’s Corp. reported that it has completed its acquisition of RMS, the climate and natural disaster risk...
Declarations October 4, 2021 Fighting Fires with Aluminum Foil “It’s pretty expensive, and you’d feel stupid if they stopped the fire before it got...
In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study October 4, 2021 Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of...
Insurance M&A Activity Slowed in P/C Sector in First Half of 2021 October 4, 2021 Merger and acquisition activity increased in the first half of 2021 in most insurance sectors but not in the property/casualty...
People & Places October 4, 2021 National Specialist insurer Beazley has promoted Florian Beerli to lead its newly formed specialty risks and U.S. programs team. In...
OSHA Fines Tampa Smelter $320,000 for Lead Exposure October 1, 2021 The U.S. Occupational Safety and Health Administration has fined a Tampa battery recycling center and smelter almost $320,000 for exposing...