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, 2024Liberty 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, 2024The 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, 2024The 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, 2024Zurich 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, 2024ProAssurance 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