After a slight Covid-19 related dip in 2020, M&A activity has reached unprecedented levels with 2021 being the busiest year on record, resulting in significantly elevated demand for M&A insurance. At the same time, M&A insurance claims activity has also …
Surplus lines premium increased 22% and transactions rebounded almost 6.6% over their 2020 totals in the 15 states with designated surplus lines’ stamping offices. The increases represented record levels of premium ($51 billion) and transactions (5.3 million) since the stamping …
If homeowners’ insurance carriers weren’t facing enough issues this year, here’s one more to think about: A Miami company is now offering cryptocurrency-based mortgages. Some insurance representatives are cautiously optimistic about the idea, but a few are wondering what a …
The Louisiana Supreme Court has disbarred a Lafayette attorney accused of failing to properly handle a client’s case, then lying to investigators about it. Brad Thomas Andrus was formally disbarred, ordered to pay investigation costs and must participate in a …
Texas’ attorney general on Jan. 19 sued Google, alleging the company asked local radio DJs to record personal endorsements for smartphones that they hadn’t used or been provided. In the lawsuit filed in Montgomery County, Republican Attorney General Ken Paxton …
Insurance Journal examined industries experiencing changes and a few challenges due to the COVID-19 pandemic, economic forces and tough insurance market conditions in 2021. Here are 10 industry sectors that could see new and emerging risks in 2022 and beyond. …
Lenders pulled back on business loans amid COVID-19, tightening criteria and even halting traditional loans to focus on Paycheck Protection Program loans. With the PPP program closed, insurance agency owners and leaders are returning to traditional lending for financing. As …
As dramatic as escalating ransomware attacks and rapidly climbing cyber insurance rates have been in 2021, both trends will continue to be a nuisance in 2022, according to an expert from Fitch Ratings. “It is probably one of the bigger …
As COVID-19 cases surge in the United States, businesses say they fear a California court ruling has increased the likelihood that companies will be sued for infections, even by people who are not employees or customers. The Dec. 21 ruling …
The title of this month’s column is obviously a cinematic play on words, referencing the well-known catchphrase from the movie “The Sixth Sense.” For those of you who saw the movie, you were probably shocked, or at least surprised, the …
