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...
Family Dollar to Pay $41M Over Rodent-Infested Distribution Center March 18, 2024 Family Dollar agreed to pay $41.7 million for holding food, drugs, medical devices, and cosmetics under insanitary conditions at company’s...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 18, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
AccuWeather Warns of ‘Super-Charged’ 2024 Hurricane Season March 18, 2024 By Ezra Amacher AccuWeather experts warn that the return La Nina and historically warm water across the Atlantic Ocean could contribute to a...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety March 18, 2024 By Lee Shavel Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced...
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...
Don’t Let Criminals Steal a Guest’s Good Time: Theft Awareness and Prevention in the Hospitality Industry March 4, 2024 By Andrea Ball and Andrew Luttrell Theft is an opportunistic crime, and few places provide more opportunity for a criminal than a hotel or resort. From...