In an industry-shaking move, NSM Insurance Group, a global specialty insurance provider, has offloaded its US commercial insurance division to New Mountain Capital. The investment firm, boasting over $55 billion in assets, now has ownership of NSM's 15 niche insurance programs across Property &
Simon Glairy is a recognized expert in the fields of insurance and Insurtech, with a specialized focus on risk management and AI-driven risk assessment. Today, Simon shares insights into the decision by Bradford to join the County of Simcoe's insurance pool and what this means for the town's
State Farm, one of the nation's largest insurance providers, has recently submitted a rate hike request that has raised considerable concern among policyholders and state regulators alike. Insurance Commissioner Ricardo Lara has taken a proactive stance by demanding transparency from State Farm
As the climate crisis worsens, American households are facing the brunt of increasing insurance rates and growing difficulties in securing coverage. The escalating frequency and severity of natural disasters have resulted in significant financial losses for insurance companies, compelling them to
UpCover, Australia's only digital-first commercial insurance broking company, has successfully raised $19 million in its Series A funding round. This significant milestone marks a pivotal moment in UpCover's mission to disrupt the Australian commercial insurance sector. The funding effort,
The Marsh Global Insurance Market Index for the fourth quarter of 2024 reveals significant shifts in global commercial insurance rates, reversing a seven-year trend of consistent rate increases. The overall global insurance rates declined by 2%, marking the second consecutive quarterly decrease.
