Florida homeowners are about to pay more in insurance premiums, and they have failed insurance companies to blame. The South Florida Sun Sentinel reported Sunday that late last month the Florida Insurance Guaranty Association approved a 1.3 percent assessment on the premium cost of all policies sold in Florida. That not only includes homeowners insurance… Continue reading Florida Insurance Costs Set to Rise Due to Failed Insurers
Author: Farkas Laura
IPA Launches Exclusive Nationwide Program for Roofing & Fire Sprinkler Contractors
Insurance Protection Advisors (IPA) is excited to announce the launch of its exclusive nationwide program for Roofing & Fire Sprinkler Contractors. With more than 30 years of combined experience, IPA is committed to providing insurance agents with custom- tailored solutions through its in-house program for Roofing & Fire Sprinkler Contractors. IPA’s belief and approach in… Continue reading IPA Launches Exclusive Nationwide Program for Roofing & Fire Sprinkler Contractors
Biden to Order Study of Cryptocurrency Risk, Creation of U.S. Digital Currency
President Biden today will sign an executive order instructing federal agencies to investigate the potential risks posed by the rise in popularity of cryptocurrencies and consider the creation of a U.S. digital currency. The executive order will ask federal regulators to look into the risks that a roughly $1.75 trillion crypto market poses to consumers,… Continue reading Biden to Order Study of Cryptocurrency Risk, Creation of U.S. Digital Currency
U.S. Insurers’ Indirect Exposures to Russia May Be Significant: AM Best
The impact of the conflict between Russia and Ukraine on U.S. insurers’ direct investments to the two countries appears to be limited, as they have less than $2 billion in bonds exposed to Russia and Ukraine. However, according to a new AM Best commentary, insurers’ indirect exposures may be more substantial. In its Best’s Commentary,… Continue reading U.S. Insurers’ Indirect Exposures to Russia May Be Significant: AM Best
Verisk and Ford Partner to Offer Standardized, Insurance-Ready Connected Car Data in Europe
Verisk, a leading global data analytics provider, is pleased to announce an agreement with Ford Motor Company. As part of the agreement, Verisk can offer standardized, insurance-ready telematics data from connected Ford vehicles in Europe to assist insurers with assessing driving behavior, developing usage-based insurance programs, and potentially rewarding customers who drive safely with discounted… Continue reading Verisk and Ford Partner to Offer Standardized, Insurance-Ready Connected Car Data in Europe
Commercial Insurance Prices Increased in 4Q 2021
U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies underwritten during the fourth quarter of 2021 with those charged for the same coverage during the same quarter in 2020. The aggregate commercial price change reported… Continue reading Commercial Insurance Prices Increased in 4Q 2021
EPA Aims to Cut Toxic Emissions from Commercial Trucks
The Biden administration is proposing stricter rules to reduce air pollution from commercial trucks and buses, which it claims will combat smog in major cities and the respiratory problems that result. The EPA proposed new standards for engine manufacturers on Monday to reduce nitrogen-oxide emissions from tractor-trailer-size trucks, as well as other delivery trucks, cement… Continue reading EPA Aims to Cut Toxic Emissions from Commercial Trucks
Alliant Bolsters Healthcare Data and Analytics Capabilities, Acquiring Wisconsin-Based BSG Analytics
Alliant has acquired BSG Analytics (BSGA), a national leader in healthcare data integration, risk adjustment, modeling, and actuarial benchmarking. The Wisconsin-based company will join Alliant’s Employee Benefits Group, providing a full range of leading-edge data and analytics tools and resources to the national division. “Joining forces with BSGA and its world-class team of data scientists… Continue reading Alliant Bolsters Healthcare Data and Analytics Capabilities, Acquiring Wisconsin-Based BSG Analytics
Port Closings and Missile Strikes on Vessels Off Ukraine Have Ripple Effects on Trade
The crew of a Bangladeshi cargo ship stranded near the Ukrainian port of Olvia heard an explosion and then saw the bridge burn. According to Bangladeshi crew members, their families, and Ukrainian authorities, a missile struck the MV Banglar Samriddhi at 5:25 p.m. last Wednesday, killing one crew member and leaving several others with serious… Continue reading Port Closings and Missile Strikes on Vessels Off Ukraine Have Ripple Effects on Trade
Brown & Brown, Inc. Acquires Global Risk Partners Limited
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., Searchlight and the management ownership team of Global Risk Partners Limited, today announced that the parties have entered into an agreement to acquire the GRP insurance operations. The transaction is expected to close in the third quarter of 2022, subject to certain closing conditions,… Continue reading Brown & Brown, Inc. Acquires Global Risk Partners Limited