Browsing: insurance

Experts discuss key trends impacting the E&O market, including AI, cyber threats, and the strategic importance of E&O policies.

The Texas Department of Insurance has approved the formation of Homebound Insurance Exchange, a reciprocal exchange that will take on a significant personal lines book from National Summit Insurance Company. ReAlign is among the investors.

Resolution Life has signed a reinsurance agreement with Protective Life Corporation’s insurance subsidiaries, covering $9.7 billion in reserves.

Nirvana Tech Inc. receives significant funding to expand its AI-powered insurance platform for the trucking industry, promising faster and more accurate risk assessments.

Outmarket AI, a nascent company leveraging artificial intelligence to modernize commercial insurance processes, has completed a $4.7 million seed funding round.

Nationwide is launching a new unit focused on excess and surplus (E&S) property insurance, reflecting the growing importance of this market as traditional insurers withdraw from high-risk areas.

A Nevada jury delivered a significant blow to USAA, awarding a policyholder $114 million in a bad faith insurance case related to a 2018 car accident.

Rockwood Programs introduces a policy to shield volunteer security personnel at houses of worship from legal risks.

Allianz Trade introduces a new insurance product to help Irish businesses combat the growing threat of fraud.

A recent court decision in Oklahoma highlights the complexities of insurance claims when multiple affiliated companies are involved, with Liberty Mutual and Safeco now defending against a bad faith claim despite successfully dismissing a breach of contract claim.