February
S&P Global Analysis: US homeowners insurance rates jump by double digits in 2023
The nationwide calculated weighted average premium rate increase for owner-occupied homeowners insurance was 11.3% through Dec. 29, 2023, according to S&P Global Market Intelligence’s RateWatch application. Key highlights from the analysis include: • In total, 25 states saw an effective rate change of at least 10% in 2023, compared to only six states during the […]
AMAZING ETHICAL DILEMMA..OR IS IT?
A new nationwide research / digital consultancy company Customertimes has shown that the cost of living crisis has forced Americans to abandon some ethicl aspects that were once common,, with 1 in 5 admitting they’ve considered committing insurance fraud. Customertimes surveyed 2,000 adults in the US to see how the downturn, tech adoption and insurance […]
AmTrust Appoints James Thanasules as President of AmTrust Title
AmTrust Financial Services, Inc., (“AmTrust” or the “Company”), a global specialty property casualty insurer,announced the appointment of James Thanasules as President of AmTrust Title Insurance Company (“AmTrust Title”). In this role, he will oversee AmTrust Title’s operations providing title insurance for the commercial and residential real estate industries. “I’m excited to continue working with James […]
LIO Specialty Launches Revolutionary Online Portal for Life Science Insurance Solutions
Leading the Excess and Surplus Lines Market with Innovative Coverage for Cannabis and Nutraceutical Industries LIO Specialty Insurance Company proudly announces the launch of its state-of-the-art online portal. This innovative platform is set to transform the insurance process for wholesale brokers, offering the ability to quote, bind, and issue policies in a matter of minutes. […]
Risk Strategies Acquires Professional Risk Associates
Physician-focused agency adds to National Healthcare Practice Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced that it has acquired Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency helping medical professionals manage a wide range of risks and liabilities. Terms of the deal were not disclosed. Founded […]
Rhodian Group Partners with Renaissance Alliance
Rhodian Group Partners with Renaissance Alliance Rhodian Group — a provider of managed IT and cybersecurity services to the insurance, banking, healthcare, private equity, and other industries — has partnered with Renaissance Alliance to provide cybersecurity, managed IT, and compliance services to Renaissance member agencies. “This partnership is another indication of our commitment to the […]
Sands Point Risk Launches MGA Platform with FlagshipTransactionLiability Practice
An underwriting team that is widely recognized as leaders in the Transaction Liability Insurance (“TLI”) industry is pleased to announce the launch of Sands Point Risk (“Sands Point’’ or “the Company”). Sands Point is a managing general agent (“MGA”) focused on supporting expanded opportunities across financial and property and casualty insurance lines. With its flagship […]
Global Ransomware Attacks Reach Record High for 2023, according to Corvus Insurance Q4 Ransomware Report
Despite Law Enforcement Stopping Significant Q4 Activity, 2023 Ransomware Incidents Still Surpass 2022 by Nearly 70 Percent and Active Ransomware Gangs Grow by 34 Percent Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, has released its Q4 2023 Ransomware Report. Featuring data collected from ransomware leak sites, the report […]
Coalition Announces New Miscellaneous Professional Liability Insurance Coverage
Active Insurance Provider to Expand Cyber Offering to Include MPL by Endorsement Coalition, the world’s first Active Insurance provider designed to prevent digital risk before it strikes, today announced it now offers Miscellaneous Professional Liability (MPL) Insurance. This coverage helps protect against the impact of a claim that a business committed errors and omissions in […]
