Amwins announced the purchase of Arena Special Risks’ wholesale business from commercial real estate and retail insurance firm Franklin Street.
Author: Annie George
Survivor of Virginia Walmart Mass Shooting Files $50M Lawsuit
Walmart employee who survived last week’s mass shooting at a Virginia store has filed a $50 million lawsuit against the company.
Chinese Insurer Sunshine Insurance Sets Terms for $948 Million IPO
Sunshine Insurance Group Co., a Chinese insurer, plans to raise up to $950 million in its Hong Kong initial public offering.
SAN Group Welcomes Jim McGlauflin as Regional Vice President
James “Jim” McGlauflin has joined the SAN team as Regional Vice President for Eastern New York.
WTW Launches Geopolitical Risk Research Program to Build Resilience Against Escalating Threats
WTW has announced the launch of a new research program focused on the most significant drivers of geopolitical risk and what global businesses can do to manage these threats proactively.
Reinsurance Rates for Catastrophe Property Expected to Rise by 10%: Fitch
Reinsurance rates for property catastrophe business should rise by more than 10% when contracts are renewed in January 2023.
Florida Developers Are Holding Off on Big Projects as Builder’s Risk Coverage Surges
Builders’ risk insurance, which covers damage to the building while it is being built, is required for developers. These premiums have increased by 30% in the last two years.
Google Play Fee Suit by Consumers Grows to 21 Million Customers
In a lawsuit alleging that its app store charges exorbitant fees, Google now faces more than 21 million customers.
Hurricane Ian Claims Data Shows Cost to Insurers of Almost $10.3B: FLOIR
Insured losses estimated from claims data submitted by primary insurers in the state following Hurricane Ian now total nearly $10.3 billion.
FEMA Rule Imperils Florida Rebuilding after Ian Flooding
Thousands of homeowners in Southwest Florida whose homes were flooded by Hurricane Ian face a bureaucratic maze that may force them to demolish their homes and rebuild at higher elevations.