In an effort to address the unique needs of the cycling industry, Bikmo, an InsurTech company specializing in cycling insurance, has entered into a three-year partnership with the Association of Cycle Traders (ACT), the UK's largest cycle trade membership organization. This collaboration marks
In the second quarter of 2024, the U.S. commercial insurance market witnessed a marked deceleration in premium increases, representing a major shift in market dynamics largely propelled by the Council of Insurance Agents & Brokers' (CIAB) Commercial Property/Casualty Market Index for
The commercial insurance market has been a topic of significant scrutiny recently, given its fundamental impact on businesses of all sizes. With continuous fluctuations in premium rates, stakeholders are eager to understand whether these costs are stabilizing or still on the rise. The second
The Financial Conduct Authority (FCA) recently launched a comprehensive review focused on refining financial services regulations, with a primary emphasis on optimizing commercial insurance regulation in the UK. This review could significantly impact the industry by lowering regulatory expenses and
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 world of homeowners insurance can be complex and daunting, especially in areas susceptible to specific risks like Florida. Tower Hill Insurance has etched its name as a Florida-focused provider, easing some of that complexity for residents. As we move into 2024, this review aims to dissect the
