by lpiccitto | Sep 10, 2025 | Uncategorized
In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for Florida-based Olympus Insurance Co. At the same time, the parent...
by lpiccitto | Sep 10, 2025 | Uncategorized
THC products will remain largely legal in Texas, but will be banned for minors and further regulated under a new executive order by Gov. Greg Abbott on Wednesday. Abbott directs the Texas Department of State Health Services and the Alcoholic …
by lpiccitto | Sep 10, 2025 | Uncategorized
U.S. commercial insurance rates increased 3.8% in the second quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). WTW said the price increase has been very close to 6% over the past six quarters. Carriers …
by lpiccitto | Sep 10, 2025 | Uncategorized
Republican U.S. Senator Ted Cruz introduced a bill on Wednesday that would let artificial intelligence companies apply for exemptions to federal regulation to help them experiment in developing new technology. Cruz leads the Senate Commerce Committee, which held a...
by lpiccitto | Sep 10, 2025 | Uncategorized
Insurers that have not indicated they will pay claims from sexual abuse survivors currently have no standing to contest certain claims as they are being considered, a federal bankruptcy judge recently ruled in a case involving the Roman Catholic Diocese …
by lpiccitto | Sep 10, 2025 | Uncategorized
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across most property lines...
