Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess and surplus marketplace over the last couple of years — and they may be more aggressive than incumbent insurers.
Skyward Specialty Insurance Group is now offering a renewable energy contractors coverage targeting contractors specializing in wind and solar energy conversion systems for private and commercial or industrial purposes.
Although it wasn’t the headline of a commercial insurance broker’s market pricing report last month, the report’s observation that “commercial auto liability coverage rates are starting to flatten” is telling.
Premium data from all surplus lines stamping offices for 2019 shows that California once again led the nation in total surplus line premiums, possibly boosted by construction spending and wildfires. The Surplus Line Association of California recorded $9.09 billion in premiums last year, plus an additional $1.17 billion on policies from 2018 that were analyzed […]
The marijuana industry is an opportunity for insurers as more states have legalized the drug.
An M&T Transport truck was tasked with delivering milk to Great Lakes Cheese of NY Inc.
Due to the largest automotive recalls in U.S. history, Takata Corp. filed for Chapter 11 bankruptcy in the United States, and bankruptcy protection in Japan in 2017.
The first-half experiences of the London market’s top insurers with catastrophe losses may shed some light on the direction of global reinsurance in the six months ahead.
There is “growing pressure” to support increased rates in property/casualty insurance and reinsurance markets, rating agency A.M. Best has concluded in its most recent market analysis.
Analysts say a combination of factors is conspiring to make rate increases for both commercial and personal lines inevitable, possibly by the beginning of next year.