This post is part of a series sponsored by IAT Insurance Group. In early 2025, a 30,000-square-foot steel warehouse full of storage was destroyed by fire — and deemed a total loss. The building, located in the Southwest, was well …
External Threat: Protecting Your Property when the Fire Starts Outside Read More »
California Gov. Gavin Newsom signed an executive order he said will help mitigate the impacts and better allocate the costs of natural disasters while stabilizing the insurance market and energy utility sector. The executive order calls for multiple state agencies …
California Governor Signs Order on Economic and Insurance Impact of ‘Climate Crisis’ Read More »
Employee benefits firm Freimark & Associates has partnered with Leavitt Heartland Insurance, a Leavitt Group affiliate with offices across South Dakota. The partnership expands insurance options for clients of both agencies. Freimark & Associates clients will now have access to …
Freimark & Associates and Leavitt Heartland Insurance Partner to Expand Offerings Read More »
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members of Grinnell …
Rain was already coursing through the usually dry creek near Abraham Stallins’ home in the Texas Hill Country when a flash flood warning lit up his phone. It was just after midnight on July 5, and many neighbors were sleeping, …
Central Texas Floods Reveal Need to Improve Disaster Response in Unincorporated Areas Read More »
Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling for quick action to extend the National Flood Insurance Program (NFIP). The program expires at the end of Sept. 30. …
Insurance Industry, Others Press Congress to Act on NFIP at Deadline Read More »
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA). Backed by The Fidelis Partnership Syndicate 3123 …
The Fidelis Partnership Launches Accident & Health MGA, Corsiam Read More »
Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growing asset class has already exhibited …
Private Credit Could Amplify Shock in Next Crisis, Fitch Says Read More »
Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Microsoft Exchange email servers, gaining …
Chinese Hackers Breached Foreign Ministers’ Email Servers Read More »
Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government shutdown coincides with …
Lengthy Government Shutdown to Impact Insurers, Says AM Best Read More »
