Industry News
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best
Ongoing violence from criminal groups in Mexico, which disrupted travel and attacked businesses in Puerto Vallarta during the weekend, could create headwinds for a country where tourism represents ...
New Texas Law Requires Insurers Provide Reason for Declining or Canceling Policies
Beginning earlier this year, a new Texas law went into effect requiring insurance companies to provide a reason for declining or canceling an auto or homeowners policy. HB 2067 applies to decisions ...
Two-Thirds of Independent Agencies Plan to Increase AI Use This Year, Survey Says
More than two-thirds of independent agencies plan to increase use of artificial intelligence in the next 12 months, though just 8% said AI is currently embedded in their daily workflows, according to ...
RLI Now Has ‘A++’ Rating from AM Best
AM Best announced upgrades to the financial strength ratings of the members of RLI Group on Friday, pushing the grades up to A++ (superior) from A+ (superior). The rating upgrades reflect RLI's ...
Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that's unlike anything he's seen before. John Seo, managing director and ...
High Court Ruling on Trump Tariffs to ‘Ease Uncertainty,’ Says AM Best
AM Best said the U.S. Supreme Court's ruling against President Donald Trump's authority to impose sweeping tariffs will help to "ease uncertainty across the insurance industry." "Managing through ...
Marsh Risk Launches Excess Casualty Facility for U.S. Digital Infrastructure Projects
Marsh Risk, a business of broker Marsh, announced the launch of Nimbus Casualty, a new insurance facility providing clients with excess general liability protection ...
Employers Holdings Expands Into Excess Workers Comp
Workers compensation insurer Employers Holdings Inc. has launched a new Excess Workers' Compensation insurance product, expanding its portfolio to serve large ...
