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Freberg Environmental Insurance Rolls Out Nationwide Unsupported Excess Liability Program – $10M Limits Now Open to Businesses Everywhere CHICAGO, IL – In an era where environmental risks can sink a company overnight, Freberg Environmental Insurance just dropped a game-changer: a first-of-its-kind unsupported excess liability program that’s now live across all 50 states. If you’re in … Read more
IICF CEO Bill Ross Steps Down After 21 Years: $53M Legacy in Insurance Charity Leadership Ushers in Strategic Review Era In a move that caps two decades of transformative giving, Insurance Industry Charitable Foundation (IICF) CEO Bill Ross announced his departure, leaving behind a blueprint for philanthropy that touched thousands of at-risk youth. As IICF … Read more
Cayman Islands Captive Insurance Boom Accelerates in Q3: 11 New Licenses Signal Record-Breaking Year In the high-stakes world of alternative risk management, the Cayman Islands is firing on all cylinders, with a surge in captive insurance formations underscoring its unchallenged dominance as a global powerhouse. The Cayman Islands Monetary Authority (CIMA) greenlit 11 new international … Read more
Baird Sues Chubb Over Denied $5M Cyber Fraud Claim: A Wake-Up Call for Financial Insurance Coverage In a high-stakes battle over cyber fraud insurance coverage, Milwaukee-based financial giant Robert W. Baird & Co. has filed a lawsuit against insurer Chubb, accusing it of wrongfully denying a $2.5 million payout for a massive wire transfer scam … Read more
Allstate Sued for $267K Over Botched Business Inventory Claim: Retailer Blames Insurer for Shuttered Operations Imagine discovering your entire stock of clothes ruined by toxic fumes, only for your insurer to lowball the payout and leave you penniless—forcing layoffs and a business shutdown. That’s the nightmare unfolding for an Idaho retailer in a fresh federal … Read more
ALKEME Strengthens Mid-Atlantic Insurance Footprint with Gorges & Company Acquisition Amid 2025 M&A Surge In a strategic move shaking up the U.S. insurance landscape, ALKEME Insurance has snapped up Gorges & Company, Inc., bolstering its presence in the competitive Mid-Atlantic region. This acquisition, announced on October 16, 2025, highlights the ongoing wave of insurance mergers … Read more
Kemper Corp Kicks Off Urgent CEO Hunt as Lacher Abruptly Bows Out: Stock Tumbles on Leadership Shock In a move that’s rattling Wall Street’s insurance alley, Kemper Corporation has ousted its long-time CEO Joseph Lacher just as the company’s shares hit a rough patch. The sudden shake-up leaves investors wondering if this purge signals deeper … Read more
Florida Mandates Mediation for Property Insurance Disputes: New Bill Aims to Slash Lawsuits and Ease Homeowner Burdens Hurricane-ravaged roofs and denied claims have long fueled courtroom battles in the Sunshine State, turning simple repairs into multi-year ordeals. Now, Florida lawmakers are stepping in with a bold fix: mandatory mediation before any property insurance lawsuit can … Read more
US Property Insurance Growth: Concentration of Market Value for MGAs and Wholesale Brokers The US property insurance market has seen robust but uneven expansion in recent years, driven by factors like inflation, rising insured property values, and catastrophe risks. From 2022 to 2024, growth was heavily concentrated in just a few states, creating prime opportunities—and … Read more
Cat Models Face Their Next Test as Insurers Rethink Risk Amid 2025’s Fury Hurricanes Helene and Milton slammed Florida just weeks apart, shattering records and exposing cracks in the very tools insurers rely on to predict disaster. As losses pile up toward $145 billion this year, catastrophe models—once hailed as crystal balls—are under fire, forcing … Read more