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Incubator, Former C&F Exec Launch Specialty Insurer for Insurers, Financial Managers

by lpiccitto | Oct 16, 2025 | Uncategorized

A former Crum & Forster executive and a London-based underwriter incubator have teamed up to launch a new specialty insurance company based in Charlotte, North Carolina. 1889 Specialty Insurance plans to offer professional lines coverage and management liability...

Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Abnormally Low’ Q3 Events

by lpiccitto | Oct 16, 2025 | Uncategorized

Global insured losses from natural catastrophes during the first nine months of 2025 are estimated to hit US$105 billion, bringing the sixth consecutive calendar year with losses topping US$100 billion and the eighth year since 2017, according to Gallagher Re....

Arthur J. Gallagher & Co. Acquires Michigan’s Strategic Services Group

by lpiccitto | Oct 16, 2025 | Uncategorized

Arthur J. Gallagher & Co. announced the acquisition of Rochester Hills, Michigan-based Strategic Services Group, Inc. Terms of the transaction were not disclosed. Strategic Services Group provides employee benefits consulting services across a range of industries...

Texas Legislature Forms Committees to Investigate July Deadly Floods

by lpiccitto | Oct 16, 2025 | Uncategorized

Top Republicans in the Texas Legislature have announced the creation of committees tasked with “getting to the bottom of” the July flooding that killed more than 130 people, including 25 young girls and two teenage counselors at Camp Mystic. Lt. …

NAMIC to Federal Lawmakers: Do Your Job on Flood Insurance Program

by lpiccitto | Oct 16, 2025 | Uncategorized

Two weeks into the expiration of the National Flood Insurance Program, one of the insurance industry’s trade associations is once again calling for a reauthorization. The National Association of Mutual Insurance Companies (NAMIC) on Oct. 16 issued a statement directed...

Storm System Threatens Central and Southern US With Hail and Damaging Winds

by lpiccitto | Oct 16, 2025 | Uncategorized

As many as 22 states face the risk for severe thunderstorms, hail and damaging wind gusts over the next several days, meteorologists say. A front over the Central/Southern Rockies is expected to move northeastward, producing showers and thunderstorms over parts...
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