California homeowners could benefit from a new federal bill that would create a public reinsurance program for natural disasters like wildfires, which could help stabilize the insurance market after major private insurers stopped writing new policies in the state.
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Looking Ahead: Declining Cyber Premiums, the Return of Ransomware, and New SEC Regulations
Woodruff Sawyer’s “2024 Cyber Looking Ahead Guide” covers the decline in pricing, cyber warfare, new SEC regulations, the emergence of personal liability for CISOs and AI’s impact on cyber risk.
Florida Report Shows Miami Area Accounted for Half of All Litigated Claims in 2022
A first-ever report on lawsuits and property insurance claims in Florida shows the three counties around Miami account for nearly half of all the litigated claims in the state in 2022.
Gridiron Insurance Underwriters and Signature Risk Partners Inc. Launch Signature Specialty, LP
Gridiron Insurance Underwriters and Signature Risk Partners Inc. are pleased to announce the formation and launch of a new specialized Managing General Underwriter (MGU) called Signature Specialty, LP.
NAIC, Life Trade Groups, Continue to Push Back on Fiduciary Proposal
The National Association of Insurance Commissioners and insurance trade groups continued to push back against the Biden Administration’s proposed fiduciary rule, saying it would reduce consumers’ access to vital retirement investment advice.
WEF: AI Misinformation, Severe Weather Events Top Global Risk Concerns
Misinformation spread by artificial intelligence and extreme weather events ranked highest among global risk concerns, with business leaders expressing a “predominantly negative outlook” for the future, according to the World Economic Forum’s (WEF) 2024 Global Risk Report.
Fidelity National Financial Says Hackers Stole Data on 1.3M Customers
Real estate services giant Fidelity National Financial has confirmed hackers stole data on 1.3 million of its customers during a November cyberattack that knocked the company offline for a week.
Martin & Company Poised to Accelerate Growth with Strategic Investment from Polaris Growth Fund
Martin & Company, a leading provider of technology & data solutions, actuarial services and countrywide state filings to carriers and Managing General Agents (MGAs), has received a significant investment from Polaris Growth Fund (PGF), a collaborative investment firm with more than two decades of technology investing experience.
Channel Harvest Research Launches 2024 Agent Survey
Channel Harvest Research is launching its annual national survey of independent agents and brokers, with a focus on how they’ve been managing the hard market in property-casualty insurance.
Ryan Specialty Expands Renewable Energy Insurance Offering with New MGU
International specialty insurance firm, Ryan Specialty, has expanded its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter (MGU) based in London.