In recent years, Florida has faced significant challenges with its insurance market, from skyrocketing rates to companies pulling out of the state. Now, these issues are spilling over into Louisiana, where residents are beginning to feel the effects. As Florida’s crisis deepens, the ripple effect is reaching Louisiana, affecting the cost of coverage and availability…
South Carolina has introduced a major reform in its insurance regulation, passing legislation to overhaul insurer group oversight in order to align with NAIC (National Association of Insurance Commissioners) accreditation standards. The change comes through Senate Bill 220, signed into law by Governor Henry McMaster, and it represents a significant step in ensuring the stability…
A new proposal in the New York State Senate could change how title insurance works especially in cases involving fraudulent property deeds. If passed, this bill would prevent title insurance companies from covering losses when ownership of a property is challenged due to fraud. This move could have major implications for homeowners, buyers, lenders, and…
International General Insurance Holdings (IGI) has released its Q1 2025 financial results, offering a closer look at the company’s performance during a time marked by global market instability and rising economic uncertainty. Strong Fundamentals Despite Market Pressure Despite a challenging environment, IGI has shown resilience, maintaining solid underwriting performance and a strong balance sheet. While…
Severe weather swept through parts of the United States in late April 2025, causing significant damage and an estimated $100 million in insured losses. Tornadoes, hailstorms, and high winds affected several states, including Texas, Oklahoma, and Missouri, highlighting the growing risks of extreme weather events. Financial Impact of April 2025 Storms The late April storms…
[New York, May 5, 2025] – In a significant move for the commercial insurance industry, Chubb, Zurich North America, and Berkshire Hathaway’s National Indemnity Company have teamed up to launch a $100 million excess casualty facility. Available beginning July 1, 2025, the offering provides claims-made insurance and lead umbrella liability protection to large U.S. and…