In a significant milestone for Dellwood Specialty Insurance Company, the industry rating agency AM Best has awarded the firm an A- (Excellent) financial strength rating. This rating acknowledges Dellwood’s robust balance sheet, a solid business plan, sound enterprise risk management, and strong o
The financial technology sector welcomes a groundbreaking collaboration between Luma Financial Technologies ("Luma") and Gradient Insurance Brokerage, LLC ("Gradient") aimed at revolutionizing annuity management for financial services professionals (FSPs). This union leverages
New Jersey has recently enacted a significant law mandating increased minimum liability insurance for motor carriers, marking a major shift in the state's regulatory environment for the trucking industry. Effective July 1, commercial motor vehicles weighing 26,001 pounds or more are now
The insurance industry is confronting unprecedented pressures driven by escalating climate-related risks, forcing insurers to significantly adjust their strategies, premiums, and risk management methodologies. As natural disasters grow in frequency and severity, this shift becomes critical not only
In a move that reveals the tactical strides of global insurance giants towards emerging markets, Berkshire Hathaway Specialty Insurance (BHSI) has aligned with Nomad Insurance, a firm hailing from Kazakhstan. Notably, BHSI is an esteemed arm of Warren Buffett's multinational conglomerate
The rising healthcare costs in Hong Kong pose a formidable challenge to the city's residents, who find themselves at a crossroads between preserving their physical health and maintaining financial security. A recent survey underscores the gravity of this issue, revealing that a majority of
