What Is Insurance? March 18, 2024 By Chris Burand Based on the last 126 insurance commercials I’ve watched, I wouldn’t have a clue. I saw one insurance commercial the...
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 18, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner that went all the way to the U.S. Supreme Court resulted...
How to Sell Yacht Insurance Amidst a Rising Tide March 18, 2024 By Josh Giordano The market for yacht insurance has hardened in recent years, due to the frequency and severity of catastrophic (CAT) claims....
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers March 18, 2024 Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report...
WTW Upgrades Hawaiian Coral Reef Parametric Insurance Policy March 4, 2024 WTW and The Nature Conservancy (TNC) announced the purchase of a new coral reef insurance policy that expands coverage around...
SAIF in Oregon Reports Ice Caused Most Workplace Slips, Trips, Falls in 7 Years March 4, 2024 SAIF in Oregon, which reported receiving 400-plus claims after January’s winter weather, said more Oregon workers were injured from slips,...
Southern California Tops List of Wheel and Tire Claims for Second Straight Quarter March 4, 2024 Los Angeles and Orange County are number one of the top 20 list for a second consecutive quarter for 2023...
Construction Insurtech Shepherd in California Raises $13.5M in Series A Funding March 4, 2024 San Francisco, California-based insurtech Shepherd announced it raised a $13.5 million Series A funding round led by Costanoa Ventures with...
Symphony Risk in California Launches Captive Program for Cannabis Industry March 4, 2024 Symphony Grow is launching a bespoke captive insurance program for large and sophisticated cannabis businesses called “Symphony Grow Captive.” The...
Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6% March 4, 2024 By Chad Hemenway The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data...