Last year was a much better year for the once-distressed Florida insurance market, as direct written premium rose, policyholder surplus levels climbed, and the average combined ratio for carriers improved by a stunning 22 percentage points, Gallagher Re reported this …
Florida Sunshine: Big Improvement in Combined Ratio in 2025, Gallagher Says Read More »
It’s never been so expensive for Americans to buy a steak or hamburger, but cutting those costs requires ranchers like Stephanie Hatzenbuhler to raise more cattle — and that’s not an easy ask. For a host of reasons, Hatzenbuhler and …
Drought and Wildfires Pose Threat to U.S. Cattle Ranchers Read More »
AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “bbb” (Good) of Louisiana Farm Bureau Insurance Company …
AM Best Upgrades Credit Rating of Louisiana Farm Bureau Read More »
France’s forecasting office flagged suspected tampering with weather sensors at the country’s largest airport and referred the case to police, after detecting unusual readings alongside heavy betting on a popular prediction market. Automated temperature readings taken at Meteo France’s weather …
France Probes Weather Data Tampering After Surge in Polymarket Bets Read More »
A joint legislative panel took more than four hours of testimony on a proposal to rescind and amend controversial flood rules approved on Gov. Phil Murphy’s last day in office. The discussion was spurred by a resolution sponsored by Senate …
New Jersey Lawmakers Weigh Future of New Flood Rules Read More »
Two workers were killed and 20 others, including first responders, were injured when a chemical reaction went awry at a silver recovery facility in West Virginia. The reaction and leak happened Wednesday at the Catalyst Refiners plant near Institute, about …
West Virginia Chemical Facility Reaction Kills 2, Injures 20 Read More »
A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers. Euler ILS Partners, an alternative investor formed …
Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Insurance Risk Read More »
PricewaterhouseCoopers LLP agreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group. Hong Kong’s Accounting and Financial Reporting Council also imposed a six-month suspension …
PwC Pays $166 Million to Settle HK Evergrande Audit Probe Read More »
The MGA market is still expanding at a faster pace than the broader property and casualty industry; however, we have seen some small changes since our 2026 Outlook was published. Growth is strong, but it now comes with tighter underwriting, …
MGA Marketplace Update Read More »
London-listed specialty insurer Beazley said on Wednesday shareholders approved Swiss group Zurich Insurance’s 8.1 billion pound ($10.94 billion) all-cash takeover, with 99.9% votes in favor at a meeting held earlier in the day. The acquisition, which follows a series of …
Beazley Shareholders Approve Zurich’s $10.9 Billion Cash Takeover Read More »
