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Fitch Ratings: U.S. E&S Growth Slows but Remains Strong

by lpiccitto | Sep 12, 2025 | Uncategorized

Direct written premiums saw double-digit growth for the seventh straight year for U.S. excess and surplus (E&S) insurers, according to Fitch Ratings’ latest annual property/casualty market review. Per a Fitch press release, U.S. E&S direct written premiums...

Texas Insurer New Century Placed in Receivership and Liquidation

by lpiccitto | Sep 12, 2025 | Uncategorized

New Century Insurance Company, a property and casualty insurer licensed only in Texas, was placed in receivership receivership and ordered into liquidation by the Travis County District Court in Austin on Sept. 3, according to the Texas Department of Insurance....

Missouri to Requires Insurers to Register with New Uninsured Motorist Program

by lpiccitto | Sep 12, 2025 | Uncategorized

Insurance companies licensed to write auto liability coverage in Missouri will soon need to register with the state’s new uninsured motorist program. The Missouri Insurance Verification System (MOIVS) will include real-time insurance verification, ongoing compliance...

US Urges G-7 Sanctions on Russian Oil as Trump Loses Patience

by lpiccitto | Sep 12, 2025 | Uncategorized

The US will urge its allies in the Group of Seven to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince President Vladimir Putin to end his war …

Hurricane Forecasts Are Missing the Mark as the Atlantic Stays Calm — So Far

by lpiccitto | Sep 12, 2025 | Uncategorized

It’s the statistical peak of Atlantic hurricane season, and there isn’t a storm in sight — for now. September’s second week is usually when the season gets into full swing, as warm ocean waters fuel dangerous winds and coastal communities …
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