Emerald Bay Risk Solutions (“Emerald Bay”), a collaborative underwriting carrier, announced the acquisition of Mainsail Insurance Company (“Mainsail”). The acquisition will complement and expand Emerald Bay’s tailored insurance solutions to facilitate writing business in the national admitted markets.
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Enhancing Customer Connections Through Digital Transformation in Insurance
In the insurance industry, digital transformation is reshaping how agents interact with customers. While automation streamlines operations, it can also create barriers to empathy, a crucial element in delivering personalized customer experiences.
Catastrophe Bonds Under Fire
Catastrophe bonds, which have delivered high returns to investors, are facing scrutiny due to their complex and rigid payout structures.
Wind Mitigation Inspections: A Hidden Gem for Homeowners
In Louisiana, wind mitigation inspections have become a valuable yet underutilized resource for homeowners seeking to reduce their property insurance costs.
USG Announces Hire of Alexis Lambert in Covington, LA
USG Insurance Services, Inc., a prominent national wholesaler and MGA, is pleased to announce the hire of Alexis Lambert to their Louisiana office. Lambert joins their team as an Associate Producer/Broker.
Perdue Farms Recall: A Serious Contamination Concern
Perdue Farms recently issued a voluntary recall of over 167,000 pounds of frozen chicken products due to potential metal contamination. The recall involves three specific products.
Georgia Transitions to State-Run Marketplace for Medicaid and Medicare
Georgia will transition its Medicaid and Medicare services to a state-run marketplace, moving away from the federal healthcare.gov platform. This shift is part of Georgia’s broader efforts to gain more control over its healthcare system.
Des Moines Leads the Way in Flood Insurance and Prevention
Des Moines is setting a positive example in managing rising flood insurance premiums through proactive flood prevention efforts. The city’s initiatives are helping to mitigate risks and keep insurance costs more manageable.
Stock Market Crash Sends Shockwaves Through Insurtech Sector
The recent stock market crash has had a significant impact on insurtech companies, many of which are struggling to secure funding and maintain valuations. The downturn is leading to tighter financial conditions, forcing these startups to reassess their growth strategies and operational expenses.
Rising Property Insurance Costs Pressure U.S. Manufacturers
U.S. manufacturers are facing substantial increases in property insurance premiums, with insurers responding to heightened risks from natural disasters, inflation, and supply chain issues.