In the intricate landscape of the insurance industry, reserves—those crucial funds earmarked for future claims—serve as the foundation of financial stability and operational success. For carriers, the art of managing these reserves goes far beyond mere compliance; it’s about navigating a delicate
In a striking turn of events that has captured attention across New Jersey, a prominent insurance brokerage firm founded by South Jersey Democratic power broker George E. Norcross is under intense scrutiny following a critical report from Acting Comptroller Kevin Walsh. The report, detailed in a
In a landscape where insurance regulation must constantly evolve to meet new challenges, the National Association of Insurance Commissioners (NAIC) Summer 2025 National Meeting emerged as a critical forum for shaping the industry’s future. Held as a gathering of regulators from all 50 states, the
In a landmark decision that has sent ripples through the insurance industry, the First Circuit Court of Appeals has issued a ruling that fundamentally alters the obligations of insurers under commercial general liability (CGL) policies, especially in the context of class action lawsuits. This
In a surprising turn of events, the homeowners insurance industry has managed to bolster profitability despite facing an unprecedented surge in losses from natural disasters, intensified by climate change and urban expansion into high-risk areas. As insurers grapple with staggering financial
What happens when an insurance market once seen as a stopgap solution transforms into an industry bedrock? The Excess and Surplus (E&S) market in the U.S. is experiencing a seismic shift, with premiums soaring by double digits annually for several years running as of 2025. This isn’t just a passing
