More Coastal Areas Join Forces Over New Flood Risk Rating System January 11, 2022 Despite studies showing a new federal flood-risk rating is more equitable and accurate, opposition to higher flood insurance rates continues...
California Lawmakers to Consider Universal Healthcare Proposal January 11, 2022 By Adam Beam California lawmakers will start debating whether to create the nation’s first universal health care system in a key measure of...
Transverse Insurance Completes $48M Capital Raise January 11, 2022 New Jersey-based specialty insurer Transverse Insurance Group reported it has raised $48 million of additional capital to support expansion of...
Hippo Expands Homeowners Association Insurance Offering to 15 States January 11, 2022 Technology-driven Hippo has expanded its commercial lines homeowners association (HOA) insurance offering into 15 additional states after debuting it last...
Kentucky Lawmakers Plan to Move Quickly on Tornado Recovery Package January 11, 2022 Kentucky lawmakers, back in session, are planning to take up tornado-recovery legislation this week, with the goal of quickly distributing...
People Moves: BHSI Promotes Kidd to Country Mgr., Ireland; BMS Iberia Hires WTW’s Melero for Affinity Practice; Fidelis Promotes Jarvis to Deputy Dir. of Underwriting January 11, 2022 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, BMS and Fidelis Insurance. A summary of...
Insurer Need Not Defend Drug Chain in Opioid Suits Claiming Economic, Not Personal, Injury January 11, 2022 By Andrew G. Simpson In the latest turn in litigation over the opioid crisis, a state’s high court has found an insurer does not...
Florida OIR Says Claims Info Data Call Coming Early Next Year January 11, 2022 Florida’s insurance commissioner announced that his office had begun a rulemaking process to draft a form insurers should use to...
MGA First Underwriting Forms £1B, 5-Year Capacity Deal With R&Q’s Accredited January 11, 2022 First Underwriting Ltd., the London-based specialist MGA that is part of Kingfisher UK Holdings, announced a five-year capacity deal to...
Legacy Specialist Enstar and Aspen Insurance Agree to $3.12B Loss Portfolio Transfer January 11, 2022 Enstar Group Ltd. announced that one of its wholly owned subsidiaries has reached an agreement for a ground-up loss portfolio...