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Premium Growth Is Good but Disciplined Growth Is Better: Lloyd’s Execs
The Lloyd’s executives said the market has continued to demonstrate its value to stakeholders by delivering 6.5% premium growth while maintaining underwriting discipline. Lloyd’s saw a continuation of positive returns with profit before tax of £9.6 billion ($12.4 billion) during …
POSTED MARCH 25, 2025 4:45 PM |
Markets/Coverages: QBE Introduces Media Liability Endorsement; Travelers Offers Product Liability for Life Sciences
QBE North America Introduces Media Liability Endorsement QBE North America announced a new media liability endorsement for media organizations facing legal actions brought under consumer protection laws. This endorsement provides affirmative coverage should these laws be leveraged to challenge the …
POSTED MARCH 25, 2025 4:25 PM |
States’ AI-Related Legislation Aimed at Insurance Is ‘Unfounded’, Says NAMIC
Policy discussions on the use of artificial intelligence in insurance are “unfounded” and “detrimental to policyholders,” according to a analysis from the National Association of Mutual Insurance Companies. The use of AI in insurance underwriting and rate making has led …
POSTED MARCH 25, 2025 4:08 PM |
OKReady Pilot Program Accepting Applications From New Zip Codes
The Oklahoma Insurance Department (OID) has expanded their initial pilot launch of OKReady, the Strengthen Oklahoma Homes (SOH) program. The application process opened earlier this month, and the first testing period has been successful, OID said. Two new zip codes …
POSTED MARCH 25, 2025 3:15 PM |
Missouri DCI Deploys Specialists to Aid Storm Victims in Phelps County
The Missouri Department of Commerce and Insurance (DCI) said that consumer specialists will participate in a Multi-Agency Resource Center (MARC) to answer insurance questions and help those impacted by the severe storms in Phelps County. An EF-2 tornado struck Phelps …
POSTED MARCH 25, 2025 3:13 PM |
AM Best Downgrades Wisconsin’s Cities and Villages
AM Best has downgraded the Financial Strength Rating to A- (Excellent) from A (Excellent) and the Long-Term Issuer Credit Ratings to “a-” (Excellent) from “a” (Excellent) of Cities and Villages Mutual Insurance Company (Cities and Villages) based in Wauwatosa, Wisconsin …
POSTED MARCH 25, 2025 3:08 PM |
HUD Quietly Drops Civil Rights Cases Involving Housing Discrimination in Texas
The findings were stark. In one investigation, the U.S. Department of Housing and Urban Development concluded that a Texas state agency had steered $1 billion in disaster mitigation money away from Houston and nearby communities of color after Hurricane Harvey …
POSTED MARCH 25, 2025 3:07 PM |
Wildfires in Western Japan Damage Homes, Forcing Evacuations
Wildfires have hit several regions in western Japan, injuring at least two people, forcing dozens of residents to evacuate and damaging a number of homes as hundreds of firefighters battled the widening blazes in the mountainous areas. The fires in …
POSTED MARCH 25, 2025 2:22 PM |
California at Risk of New Insurance Bailout Amid Fire Danger
As Los Angeles-area residents recover from one of the costliest natural disasters in U.S. history, California’s insurer of last resort is careening toward another hot and dry summer with its coffers already strained. That’s raising the prospect that state residents …
POSTED MARCH 25, 2025 2:21 PM |
23andMe’s Bankruptcy Puts 15 Million Users’ DNA Info on Auction Block
Millions of Americans who sent their saliva to 23andMe in the hopes of finding lost relatives or identifying health risks buried in their DNA now face seeing their genetic information sold to the highest bidder as part of the company’s …
POSTED MARCH 25, 2025 2:12 PM |
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