South Korea’s DB Insurance has agreed to acquire Fortegra, a U.S.-based specialty and warranty insurance group, in a transaction valued at $1.6 billion.
Author: Maria Valdez Haubrich
Motor Vehicle Accidents Remain Costly Challenge for Workers’ Compensation
Motor vehicle accidents (MVAs) continue to be a leading concern in the workers’ compensation system, representing the top cause of work-related fatalities and among the most expensive claims.
Chinese Firms Struggle With Social Insurance Compliance
China’s top court has ruled that workarounds between employers and employees to avoid mandated social insurance contributions are invalid, reinforcing compliance requirements but raising concerns about business costs and job security.
California Insurance Commissioner Proposes Rule Changes Amid Criticism
California Insurance Commissioner Ricardo Lara has introduced a proposal to alter the state’s insurance rate-review process, sparking criticism from consumer advocates who say the plan would make it harder to challenge insurers’ requests for higher premiums.
InsurTech Association Marks Strong Membership Growth and Final Call for Founding Sponsors
The InsurTech Association (ITA), a nonprofit trade group advancing innovation in the insurtech sector, has reported significant growth since its launch in March 2023.
E&S Property Rates Expected to Ease While Casualty Pricing Shows Mixed Trends
Property insurance policyholders using the excess and surplus (E&S) lines market are likely to see further rate decreases through the end of the year, while casualty rates remain varied
Wildfire Risk Drives Up Colorado Homeowners’ Insurance Costs
Colorado homeowners are facing steeply rising insurance costs as wildfire risk grows, according to a new report from Colorado State University’s (CSU) Regional Economic Development Institute. The study highlights significant premium increases, growing concerns about underinsurance, and the introduction of a state-backed insurance option. Rising Premiums and High Rankings Colorado now ranks as the sixth-costliest… Continue reading Wildfire Risk Drives Up Colorado Homeowners’ Insurance Costs
SAN Group Announces Promotion of Lisa Paese to Agency Onboarding Specialist
Satellite Agency Network Group, Inc. (SAN), the largest alliance of independent insurance agencies in the Northeast, is pleased to announce Lisa Paese’s promotion to the role of Agency Onboarding Specialist, effective August 25.
Neptune Insurance Targets $2.8 Billion Valuation in U.S. IPO
Neptune Insurance Agency, Inc., a St. Petersburg, Florida-based flood insurance provider, announced plans to raise up to $368.4 million through an initial public offering (IPO) on the New York Stock Exchange (NYSE).
Jack Cauley Promoted to Vice President of HWP Insurance
HWP Insurance is thrilled to announce Jack Cauley’s promotion to Vice President and director of Commercial Sales.