The amount of surplus lines premium reported in Texas in May 2020 was nearly $100 million higher than reported in the same month last year, according to the Surplus Lines Stamping Office of Texas (SLTX). In May 2020, $772.88 million …
Sompo International Holdings Ltd., a Bermuda-based specialty property/casualty insurer, has formed a new team offering products to the technology industry through its network of retail brokers. This new unit will build on the Sompo International’s global insurance business that currently …
Topa Insurance Co. in Calabasas, Calif., has named Olive Chang vice president of reinsurance. Chang has oversight of reinsurance placements for all Topa Insurance Group entities. She is also responsible for strategic planning, terms negotiation, contract review and execution of …
The entertainment industry is prepping for its return to work after a near total shutdown from COVID-19. For the entertainment industry and the insurance brokers serving this sector, what that return to work will look is still out of camera …
Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented turbulence” created by the COVID-19 pandemic, according to an A.M. Best report. A.M. Best expects that the efforts to address …
The state of Michigan filed a lawsuit on June 9 against the owner of two dams, seeking fines for the destruction of natural resources as well as “gross mismanagement” that preceded a devastating flood in Midland County. Blame for the …
The remnants of Tropical Storm Cristobal were moving out of the Midwest and into Canada on Wednesday, with gusty winds and heavy rain leaving behind flooding in Indiana, Wisconsin, Missouri and Iowa. High winds brought down trees and left thousands …
The cannabis cultivation market in the U.S. continues to expand, though COVID-19 will affect or is affecting the majority of these businesses, while operations get bigger, facilities become more numerous, and overall profits continue to increase, according to a report …
Editor’s note: This part of a series of profiles on cannabis brokers, in which Insurance Journal explores why and how these folks got into the business, the ups and downs of insuring cannabis, as well as a few tips for …
Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will be considered employees under California’s new gig worker law, the state’s leading industry regulator said on Thursday. Shares in Uber and Lyft fell 5.3% and 4.2%, …
