The California property insurance market is undergoing a dramatic shift. As admitted carriers restrict their appetite for business in the state—particularly in high-risk zones—surplus lines insurers are increasingly stepping in to write residential property insurance. As previously reported in Insurance …
Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. on Tuesday, Sept. 2, and close at 5 p.m. on Friday, Sept. 12. According to a press release, 500 grants are available in …
Highstreet Insurance & Financial Services has announced a three-year partnership with the University of Nebraska that supports the school’s football, volleyball and basketball teams. The full-service independent insurance agency has offices across Nebraska and the United States. “Highstreet is thrilled …
Hurricane Katrina made landfall on August 29, 2005, with the eye of the Category 3 hurricane centered on Bay St. Louis, Mississippi, though the storm is remembered largely because of the devastation to New Orleans, Louisiana. Over 1,800 people died …
The West Virginia Office of the Insurance Commissioner is aking for input on what coverages and classes should be on the surplus lines export list. In keeping with state law, agents and brokers hoping to place types of coverage that …
As the cyber market matures, it’s increasingly evident that fighting off cyberattacks is going to be an ongoing team effort. Brokers, carriers, cybersecurity organizations and insureds all play a role, from security to training to assessing adequate coverage. According to …
“We must maintain underwriting discipline.” This phrase is arguably the most repeated mantra in the reinsurance industry over the past two years, and you will struggle to find anyone in the market who would disagree with that idea. The reality, …
Anthropic said on Wednesday it had detected and blocked hackers attempting to misuse its Claude AI system to write phishing emails, create malicious code and circumvent safety filters. The company’s findings, published in a report, highlight growing concerns that AI …
South Korea’s SK Telecom was fined on Thursday about 134 billion won ($96.53 million) after the country’s largest mobile carrier suffered a cyberattack this year causing the leak of data for nearly 27 million users. The government-run Personal Information Protection …
The remnants of Hurricane Erin will contribute to torrential rain across the Swiss Alps over the next two days, raising the risk of dangerous flooding and landslides. Switzerland’s state forecaster has issued the highest red alerts for parts of Ticino …