For the Fifth Straight Year, Surplus Lines Sees Double-Digit Growth: AM Best October 2, 2023 Total U.S. surplus lines direct premiums written (DPW) rose by 19.2% to reach a record $98.5 billion in 2022, marking...
AXIS and Stone Point Credit Launch Monarch Point Re, Raising Over $400M of Capital September 29, 2023 AXIS Capital Holdings Ltd., together with its direct and indirect subsidiaries and branches, announced that it has partnered with Stone...
Keystone Adds Oklahoma’s Ascent to Growing Agency Network September 29, 2023 Keystone, the participant-owned insurance agency network, has added Ascent Insurance Group (formerly LBV Insurance) based in Edmond, Oklahoma to its...
Invasive Spotted Lanternflies Found in Illinois, Threatening Crops and Native Tree September 29, 2023 SPRINGFIELD, Ill. (AP) – Illinois is the latest state to find invasive spotted lanternflies, a winged insect that`s spreading across...
Ohio Adopts Four International Building Codes September 29, 2023 The state of Ohio has adopted four of the 2021 International Codes including the 2021 editions of the International Building...
AM Best Downgrades Credit Ratings of Michigan’s Wolverine September 29, 2023 AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Rating...
Small Businesses Underestimate Cyber Risks Despite Increased Threats: IBC Survey September 29, 2023 Most small businesses don’t believe they will experience a cyber attack, yet many employees are concerned they are putting their...
Subway Restaurant Franchise in Manhattan Pays for Wage Violations, Retaliatory Firing September 29, 2023 The operator of a Subway restaurant franchise in Manhattan’s Lower East Side who the Department of Labor said fired an...
Markets/Coverages: Cyber MGA Measured Insurance Launches AI-Driven Cover for SMEs September 29, 2023 Measured Analytics and Insurance, the Salt Lake City, Utah-based cyber insurance MGA, announced the launch of its insurance product, CyberGuard...
Higginbotham Makes 2nd Florida Move with Stahl & Associates September 29, 2023 Higginbotham has continued its expansion this year with another acquisition, this one of Stahl & Associates, one of the largest...