In a significant legal confrontation, the Teachers Insurance and Annuity Association of America (TIAA) and its subsidiary, TIAA-CREF Life Insurance Company, are currently embroiled in a class action lawsuit. Plaintiff Sara Spohnheimer has filed the case in the U.S. District Court for the Southern
Canopius US Insurance Inc. has announced its strategic expansion into the U.S. excess liability market, marking a significant milestone for the company. Lisa Davis, CEO of U.S. and Bermuda operations, made this announcement at the Wholesale & Specialty Insurance Association's annual conference in
The issue of underinsurance among commercial properties in the UK has become increasingly concerning, particularly amid rising costs and supply chain disruptions. Recent findings from a report by insurance broker Gallagher reveal that nearly half—46%—of UK commercial properties are underinsured, a
The COVID-19 pandemic brought unprecedented challenges to businesses worldwide, particularly in sectors like hospitality and leisure that faced long-term closures and significant revenue losses. Many businesses turned to their business interruption insurance policies for financial relief, only to
The excess and surplus (E&S) lines insurance market is experiencing notable trends and developments, as detailed in a recent article by Business Insurance. One of the most significant updates is Canopius US Insurance Inc.'s plan to launch excess casualty coverage by the end of the year, a clear
Personal Group Holdings has reported remarkable financial performance for the first half of 2024, showcasing significant growth in revenue and profit driven by market opportunities and strategic initiatives. The company witnessed a revenue increase of 14%, reaching £21 million compared to £18.4
