Monarch E&S Insurance Services, a division of Specialty Program Group LLC, announced its enhanced and exclusive personal umbrella policy, the Knight Protector, with Obsidian Insurance Holdings, an insurance holding company with both admitted and non-admitted insurance subsidiaries.
Author: Maria Valdez Haubrich
Justice Department Sues Ship Owner Over Baltimore Bridge Collapse, Citing Negligence
The U.S. Department of Justice has filed a lawsuit against the owner and manager of the cargo ship responsible for the deadly collapse of the Francis Scott Key Bridge in Baltimore, shedding light on serious safety violations that may have far-reaching implications for the insurance industry.
PFAS Litigation: A Growing Risk for Insurers
During a recent panel discussion at The Insurer TV’s Reinsurance Month, experts raised concerns about the increasing litigation risks surrounding PFAS, or “forever chemicals.”
On-the-Move Americans Are Increasing Risks in Disaster-Prone States
As property investors follow population growth in disaster-prone areas, insurers are facing new challenges, according to a recent Wall Street Journal article.
Property & Casualty Insurance Industry: Positioned for Growth Amid Economic Expansion
According to a report by Zacks Investment Research, the Property and Casualty (P&C) insurance industry is experiencing significant growth, driven by a robust economic environment, technological advancements, and rising demand for insurance coverage.
California Insurance Commissioner Bans Policy Cancellations for Fire Victims
California Insurance Commissioner Ricardo Lara has banned insurance companies from canceling or non-renewing policies for residents affected by the Airport, Bridge, and Line fires.
Insurance Industry Faces Challenges as Progressive Limits Texas Coverage
The insurance industry in Texas is navigating turbulent waters as Progressive joins a growing list of companies scaling back homeowner coverage in the state.
How Ricardo Lara Plans to Fix California’s Insurance Crisis
At a recent CalMatters event, California Insurance Commissioner Ricardo Lara discussed his plan to address the crisis and restore stability to the market.
Florida Launches New Squads to Combat Property Insurance Fraud
At the Florida Chamber Annual Insurance Summit last week, state Chief Financial Officer (CFO) Jimmy Patronis announced the formation and deployment of two new property insurance fraud-fighting squads.
AIG Appoints Keith Walsh Executive Vice President, Chief Financial Officer
American International Group, Inc. (AIG) has announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October 21, 2024.