HOUSTON, TX.– Skyward Specialty Insurance Group, Inc.TM, a leader in the specialty property and casualty market, today announced the launch of its new Life Sciences liability coverage. The strategic addition to the Company's Healthcare Solutions underwriting unit offers comprehensive and adaptable protection specifically tailored to meet the unique…
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In January, a security camera captured unnerving footage: what appeared to be a bear had forced its way into a Rolls Royce parked outside a home in the Southern California resort community of Lake Arrowhead, gouged the seats and thrashed the interior. The agency claims that Ruben Tamrazian, 26, Ararat Chirkinian, 39, Vahe Muradkhanyan, 32 and Alfiya Zuckerman, 39,…
Arkansas legislators have been hearing from constituents about the rising costs of homeowners insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…
Rainbow, the digitally-enabled managing general underwriter specializing in tailored small business insurance products, is excited to announce the launch of its admitted restaurant insurance program in New Jersey, Virginia, and Iowa. Rainbow’ s admitted restaurant BOP program, already known for its broad appetite, specialized underwriting and…
Arkansas legislators have been hearing from constituents about the rising costs of homeowners' insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…
In January, a security camera captured unnerving footage: what appeared to be a bear had forced its way into a Rolls Royce parked outside a home in the Southern California resort community of Lake Arrowhead, gouged the seats and thrashed the interior. The agency claims that Ruben Tamrazian, 26, Ararat Chirkinian, 39, Vahe Muradkhanyan, 32 and Alfiya Zuckerman, 39,…
Prominent medical malpractice attorney Stephen L. Snyder told University of Maryland Medical System representatives that giving him a $25 million consulting deal would mean he couldn’ t bring more cases against them because he’ d have a conflict of interest. DePriest Whye, CEO of the Maryland Medicine Comprehensive Insurance Program, the hospital system’ s…
LOS ANGELES, Nov. 13, 2024/ PRNewswire-PRWeb/– With fall upon us, homeowners may find themselves busy with seasonal chores such as raking leaves and putting away summer furniture. However, it's also a crucial time to prepare your home for the cooler months ahead and reduce potential risks associated with the season. Mercury Insurance has compiled a list of…
PEMBROKE, Bermuda—- Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, Ltd., today announced its entry into US Property Insurance at Hamilton Americas, its US managing agency, with Lissie Van Leunen appointed as Head of US Property, reporting to Pepe Marquez, President, Hamilton Americas. Lissie Van Leunen, Head of US Property…
Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance is dismal, reflecting consumer misunderstandings about the coverage, according to the Insurance Information Institute’ s updated Issues Brief. Flood: State of the Risk examines the flood…
The U.S. commercial auto insurance segment incurred a net loss of $5 billion in 2023, with results in the first half of 2024 showing further deterioration from the prior year period, according to a new AM Best report. U.S. commercial lines performance overall has been strong, particularly in 2022 and 2023, attributable to strong underwriting performance for…
Arkansas legislators have been hearing from constituents about the rising costs of homeowners insurance premiums, so during the 2025 session they will explore numerous options for holding down rate increases. In Arkansas, wind and hail are the major weather events that damage homes. According to Insurance Department officials, Arkansas property…
Universal Marine Medical Supply International, the leading global provider of pharmaceutical and medical solutions to the maritime industry, today announced the launch of medO2, an expanded range of maritime medical oxygen solutions designed to enhance safety and compliance for vessels around the world. This press release features multimedia.
Aegis Executive Risks, a division of Aegis General Insurance Agency and K2 Insurance Services, announces today the launch of their Management Liability insurance program. "We are thrilled to expand K2’ s and Aegis General Insurance Agency’s presence in the specialty lines space,” said Jeff Hirsch, President of Aegis Executive Risks.“ This launch would not be…
Oliver Bate, Chief Executive Officer of Allianz SE. Total business volume advances 17.3 percent to 42.8 billion euros. Total business volume rises 9.6 percent to 133.9 billion euros.
Oliver Bäte, Chief Executive Officer of Allianz SE. Total business volume rises 9.6 percent to 133.9 billion euros Operating profit increases by 7.9 percent to 11.8 billion euros driven by all business segments Shareholders’ core net income advances 12.3 percent to 7.6 billion euros Strong Solvency II capitalization ratio of 209 percent 1.
Ambac Financial Group, Inc., a financial services holding company, today reported its results for the quarter ended September 30, 2024. Net loss of$ million or$ per diluted share and Adjusted net loss of$ million or$ per diluted share driven by approximately $20 million of transaction costs and acquisition related short-term interest expense Total P&C Premium…
Information Services Group, a leading global technology research and advisory firm, has launched a pair of research studies examining the relative strengths of service providers supporting the two leading technology platforms for the global property and casualty insurance sector. The studies’ results will be published in two comprehensive ISG Provider…
Have a question about Philly's neighborhoods or the systems that shape them? PlanPhilly reporters want to hear from you! And that symbol was used by Benjamin Franklin, who co-created a fire insurance company with volunteer firefighters in 1752..
Iowa home insurance rates, on average, had a double-digit increase this year due to persisting damages from derechos and infl ation. According to the report, premiums for Iowa homeowners increased 14% from October 2023 to 2024, with the average homeowner now spending $2,416 annually. In 2020, Iowa was one of several Midwest states hit by a derecho that the…
