Specialty Insurance

Farmers Insurance Expands Coverage in California Amid Regulatory Shifts
Insurance Farmers Insurance Expands Coverage in California Amid Regulatory Shifts

Farmers Insurance has announced a significant expansion of its coverage options in California, marking a positive shift in the state's insurance market. This decision comes in light of substantial regulatory challenges and wildfire losses that previously led to market instability and increased

December 12, 2024
Liberty Mutual Announces Leadership Changes in GRS North America
Insurance Liberty Mutual Announces Leadership Changes in GRS North America

Liberty Mutual Insurance has announced significant leadership changes within its Global Risk Solutions (GRS) North America division. These changes are aimed at sustaining operational excellence and enhancing client engagement across various market segments. The new appointments reflect the

December 10, 2024
Fortegra Group Expands UK Presence with New Insurance Subsidiary
Insurance Fortegra Group Expands UK Presence with New Insurance Subsidiary

The Fortegra Group Inc., a specialty insurer based in Jacksonville, Florida, has made a significant leap forward in its global expansion strategy by receiving regulatory approval from the Prudential Regulation Authority to launch a new subsidiary in the United Kingdom. Scheduled to become effective

December 6, 2024
Why Are Micro-Captives Gaining Popularity Despite IRS Scrutiny?
Risk Management Why Are Micro-Captives Gaining Popularity Despite IRS Scrutiny?

The concept of micro-captive insurance is garnering significant attention in Florida as small businesses seek alternatives to traditional insurance due to soaring commercial insurance rates. Despite the increased scrutiny by the IRS concerning potential tax implications, more small business owners

December 6, 2024
How Will Zurich's Acquisition of AIG's Travel Business Impact the Market?
Insurance How Will Zurich's Acquisition of AIG's Travel Business Impact the Market?

Zurich Insurance Group has made a significant move in the global travel insurance sector by acquiring American International Group’s (AIG) global personal travel insurance and assistance business, including Travel Guard, for $600 million. This acquisition not only solidifies Zurich's position a

December 4, 2024
Can ProAssurance's Rate Strategy Sustain Long-Term Profitability?
Insurance Can ProAssurance's Rate Strategy Sustain Long-Term Profitability?

ProAssurance Corporation, a renowned specialist in medical professional liability (MPL), reported a net income of $16.4 million for the third quarter of 2024, bolstered by an operating income of $17.3 million. Their strategic market approach and astute financial management have led to notable

November 22, 2024
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