The insurance industry continues to evolve, and MGAs, wholesalers, and program administrators are under increasing pressure to move faster, operate more efficiently, and deliver better experiences for agents and insureds. As programs scale, operational tension becomes harder to ignore. That’s …
5 Reasons Embedded Payments and Premium Finance Are Becoming Core MGA Infrastructure Read More »
The outbreak of hostilities in the Middle East and surging energy costs are expected to exacerbate soaring levels of financial distress among European corporates, according to Alvarez & Marsal Inc. Even before the US and Israel began their attacks on …
Middle East War to Intensify Soaring European Corporate Distress Read More »
A Pakistani tanker earlier this week became the latest vessel to sail out through the Strait of Hormuz by hewing closely to the Iranian coast, suggesting an approved route that points to Tehran’s tightening grip on the narrow waterway — …
Escape Route Through Strait of Hormuz Now Involves Iran Passage Read More »
Chicago’s real estate industry has ignited a battle over a $19 billion tax bill that property owners say is holding back new construction and contributing to surging rents. Donors have poured $1.4 million in the past six months into the …
Chicago Area’s $19 Billion Tax Bill Fuels Fight for Assessor Job Read More »
Insuring vessels to sail through the Strait of Hormuz is still possible, even if at a very high cost, according to people involved in the market. The cost of coverage has leaped to about 5% of the value of a …
Shipping Insurance Costs to Cross Hormuz Soar After Vessel Attacks Read More »
Amazon.com’s drone unit Prime Air is withdrawing from the Commercial Drone Alliance, taking issue with the industry trade group’s opposition to a regulatory proposal for detect-and-avoid systems to prevent drone collisions with crewed aircraft. In a previously unreported letter seen …
Amazon Unit Withdraws From Drone Trade Group, Raises Safety Concerns Read More »
Pro-Iranian hackers are targeting sites in the Middle East and starting to stretch into the United States during the war, raising the risk of American defense contractors, power stations and water plants being swept into a wave of digital chaos …
Iran-Linked Hackers Take Aim at US, Other Targets, Raising Risk of Cyberattacks Read More »
HW Kaufman Group Names Hattaway President of RB Jones RB Jones, a managing general underwriter providing specialty risk coverage solutions for brokers, agents and wholesalers, named Michael Hattaway as president. He will be based in New York City and report …
Investment in AI infrastructure via off-balance sheet debt is increasing the exposure of insurers and private credit funds to hyperscalers, according to officials at the Bank for International Settlements. “Alongside traditional bonds, hyperscalers have turned to off‑balance sheet arrangements to …
AI Hyperscalers’ Shadow Borrowing Bolsters Private Credit Risks Read More »
Amid the last-minute scramble to move legislation before the non-budgetary session was set to end last week, Florida lawmakers quietly approved a bill that could open up more contaminated “brownfield” areas in south Florida to housing development. But the bill, …
Florida Brownfield Development Bill Raising Concerns About Coverage, Litigation Read More »
