Monthly Archives: <span>August 2023</span>

Facts Are Friends

Recently, a carrier’s representatives walked into one of my client’s offices. This carrier announced they needed a 25% rate increase because of the carriers’ poor loss ratios. My top clients are well informed about their carriers’ profitability thanks to my …

My New Markets

Commercial Marine Risks Market Detail: Charter Lakes Marine Insurance Agency offers specialty programs for a variety of commercial marine risks. Experienced account executives understand the marine insurance marketplace and have a wide array of quality markets (rated A or better …

No Duty to Defend Doesn’t Mean No Duty to Indemnify, 5th Circuit Finds

A federal appeals court has clarified, at least under the realm of Texas law, when an insurer has a duty to indemnify – even if it has no duty to defend a tort action against the insured thanks to an …

Eliminating Fraud at the Point of Submission

This post is part of a series sponsored by Insurance Quantified. Register here to save your spot for the Eliminating Fraud at the Point of Submission Webinar Date: Wednesday, September 27, 2023 | 10 am PST / 1 pm EST …

Hawaii Wildfires Killed at Least 111, Burned 2K-Plus Homes and Businesses

The Hawaii wildfires have killed at least 111 people with many still unaccounted for, and they have burned more than 2,000 burned homes and businesses. CNN reported that Hawaii Gov. Josh Green said it’s likely that more than 1,000 residents …

Potential of ‘Life-Threatening Flooding’ from Hilary in SoCal Mountains, Deserts and Southwest Nevada

AccuWeather on Friday issued an alert warning of the potential of a “life-threatening, flooding disaster” in the mountains and deserts of Southern California and far southwest Nevada due to Hurricane Hilary. In the area, primarily east of Palm Springs and …

Texas Seeks Millions From Planned Parenthood in Suit Against Abortion Provider

AUSTIN, Texas (AP) __ Texas wants Planned Parenthood to give back millions of dollars in Medicaid reimbursements – and pay far more in fines on top of that – in a lawsuit that appears to be the first of its …

People Moves: Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers

Ryan Specialty Appoints Guerville to Chief Underwriting Officer of Ryan Specialty Underwriting Managers Ryan Specialty, headquartered in Chicago, Ill. appointed Kathy Guerville to chief underwriting officer of its underwriting management specialty, Ryan Specialty Underwriting Managers. Guerville has 15 years of …

Private Equity Firm Hg Weighs Options for €1.5 Billion Insurance Broker GGW

Hg is weighing options for GGW Group, including a sale that could value the German insurance broker at about €1.5 billion ($1.6 billion), people familiar with the matter said. The software-focused private equity firm is working with advisers as it …

PFAS Contamination at Former Air Force Base in Michigan Prompts Deployment of Groundwater Treatment Systems

LANSING, Mich. (AP) – Groundwater treatment systems will be installed near a military base in northern Michigan to address contamination from high levels of toxic, widely used “forever chemicals,” the U.S. Department of Defense announced Thursday. Two systems will be …