Browsing: insurance

Michael Humphreys leads the Pennsylvania Insurance Department, overseeing insurance markets, protecting consumers, and advocating for mental health parity.

Experts say the market for kidnap, ransom and extortion coverage is steady, but domestic threats have piqued interest from new buyers.

NSM Insurance Group, a global specialty insurance provider, has entered an agreement to sell its U.S. commercial insurance division to New Mountain Capital. The deal is expected to close within the next 45 days.

The California Court of Appeal reversed a lower court’s decision, ruling that ACE American Insurance Company did not waive its right to arbitration in a class action lawsuit.

Legislative efforts aim to stabilize the property insurance market through expanded coverage, moratorium extensions, and community hardening initiatives.

Florida appellate court upholds ruling denying business interruption coverage to IMC Property Management for COVID-19 shutdown losses.

Insurance rates are rising rapidly in Minnesota, and industry experts say it’s a disaster, driven heavily by severe wind and hailstorms.

Mangrove Property Insurance Co. has been approved to begin writing home insurance policies in Florida, marking the latest company to enter the state’s market following recent insurance reforms.

Nippon Life Insurance plans to acquire the remaining shares of Resolution Life Group Holdings for $8.2 billion, solidifying its position in the U.S. market. This move marks the largest overseas acquisition by a Japanese insurer to date, highlighting a trend of expansion in response to domestic challenges.

A look at M3 Insurance, a full-service risk management firm that recently opened a branch in Escanaba, highlighting its history, services, and commitment to community involvement.