K2 Insurance Services LLC, the specialty insurance services holding company, has completed the purchase of Pioneer Underwriters, the London-based managing general agency. The deal was facilitated with a portfolio transfer, whereby Pioneer’s ongoing underwriting portfolio, together with underwriting and support …
Gov. Bill Lee’s administration announced Friday that long-term care facilities will soon be required to test all of their residents and staff for COVID-19 after initially just urging nursing homes to do so. According to Lee’s office, the Healthcare Facilities …
Big Oil lost a pair of court battles Tuesday that could lead to trials in lawsuits by California cities and counties seeking damages for the impact of climate change. The 9th U.S. Circuit Court of Appeals rejected arguments by energy …
Openly Insurance, a tech-forward company that specializes in premium homeowners insurance, is expanding into Kentucky, the fifth state it is offering its product in to date. Kentucky makes it the fifth state to now offer Openly’s exclusive homeowners insurance product, …
How is the coronavirus pandemic affecting you and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers by …
Britain’s Financial Conduct Authority said eight insurers, including Hiscox and QBE, will take part in a test case to decide whether their policies should compensate companies hit by the coronavirus pandemic. A national lockdown has triggered insurance claims from companies …
The board of directors of Texas’ property insurer of last resort for wind and hail in the state’s coastal counties in February set a goal of $4.2 billion in catastrophe funding for 2020. At a meeting of the Texas Windstorm …
The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their underwriting and investment positions. However, recent years of hefty damage …
As Florida gets ready to officially start hurricane season, a new survey shows a majority of residents are more concerned for this year’s potential storms than in previous years, given the simultaneous continuing issues related to the COVID-19 pandemic. According …
How is the coronavirus pandemic affecting you and your work? Now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers by …