In a significant move that has the potential to reshape the reinsurance market, Willis Towers Watson (WTW) is making a strong comeback into treaty reinsurance broking through a strategic joint venture with Bain Capital. Leveraging its historical expertise, extensive global network, and cutting-edge
The Fort Myers Beach community in southwest Florida is grappling with a significant decision by FEMA that could impact its recovery from Hurricane Ian in 2022. FEMA has announced that this area will lose its flood insurance discounts due to improper rebuilding practices in designated flood zones.
New York City's Taxi and Limousine Commission (TLC) recently proposed significant changes to commercial auto insurance requirements in response to the financial instability of American Transit Insurance Co. (ATIC), which insures around 60% of the city's 120,000 for-hire vehicles. ATIC
In a significant shift for California's insurance market, Farmers Insurance has announced it will resume offering multiple types of policies after a period of limiting new contracts and halting several insurance lines. This change comes as Farmers aims to ease the ongoing insurance crisis in
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
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
