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Recent legislative reforms reshaping Florida’s risk environment have restored reinsurer confidence and drawn them back into the state’s market, according to mid-year renewal reports from brokers Aon and Gallagher Re.
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When Trump’s sweeping tax bill was signed into law on July 4, it notably excluded any changes to the tax treatment of third-party litigation funders.
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Marsh USA has filed a lawsuit against competitor Alliant Insurance Services, accusing the firm of unlawfully poaching critical commercial surety staff and clients.
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New York City Mayor Eric Adams has enacted a new law that reduces the mandatory auto liability insurance coverage for for-hire vehicles.
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Kraft Heinz is recalling approximately 367,812 pounds of its Oscar Mayer turkey bacon over concerns the product may be contaminated with Listeria bacteria, according to a statement from the U.S. food safety regulator on Wednesday.
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Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.
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Zurich Insurance Group AG has announced its acquisition of BOXX Insurance Inc., a Canadian company specializing in cyber risk management, marking the Swiss insurer’s latest strategic move to strengthen its presence in the insurtech space.
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The adoption of artificial intelligence in insurance is less a sprint to the finish than a scramble to reach the starting line, experts say.
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Nationwide announced the successful completion of its $1.25 billion acquisition of Allstate’s Group Health business segment. The deal was initially announced in January.
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Philadelphia Insurance announced that its operations have been fully restored after experiencing a network outage.
Recent legislative reforms reshaping Florida’s risk environment have restored reinsurer confidence and drawn them back into the state’s market, according to mid-year renewal reports from brokers Aon and Gallagher Re.
