A meticulously structured corporate acquisition designed over a decade ago to be a "clean" transfer of assets has devolved into a high-stakes legal battle, culminating in a new lawsuit filed by SPARTA Insurance Company against Pennsylvania General Insurance Company for more than $12.7 million. This
A Looming Threat: Unpacking the Link Between Insurance Ratings and Housing Stability A formal inquiry by U.S. Senators is scrutinizing Demotech, an insurance ratings firm, over concerns its assessments create hidden risk for the U.S. mortgage system. The probe questions why government-backed
Houston drivers are confronting an unprecedented financial challenge as average annual auto insurance premiums have escalated to an astonishing $3,191, marking a sharp 38% increase since just 2023. This dramatic surge has placed a significant strain on household budgets across the city, pushing the
As climate change intensifies and wildfires grow more frequent and destructive, homeowners in vulnerable regions are finding themselves in an increasingly precarious position, with insurance becoming prohibitively expensive or, in some cases, completely unavailable. In response to this escalating
The digital insurance sector has witnessed a significant strategic maneuver as the managing general agent Ripe finalized its acquisition of Schofields Limited, a venerable specialist in holiday homes insurance. This transaction, marking Ripe's third major corporate acquisition, serves as its
In a striking display of financial resilience, Nib Insurance Company S.C. is navigating a high-stakes legal confrontation with Ethiopia's Ministry of Revenue, challenging tax claims amounting to over 144.5 million Birr even as it reports substantial growth in a turbulent economic landscape. The
