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The shift from admitted to excess and surplus (E&S) insurance markets reflects a growing trend driven by the retreat of traditional insurers from high-risk or specialized coverage areas, particularly in states like California, Florida, and Louisiana. Admitted carriers, regulated by state insurance departments and backed by state guaranty funds, are increasingly withdrawing from markets like … Read more
Skyward Specialty Insurance Group to Acquire Apollo Group Holdings for $555 Million in Strategic Expansion In a major move to strengthen its position in the specialty insurance market, Skyward Specialty Insurance Group has announced a definitive agreement to acquire Apollo Group Holdings Limited for $555 million. The deal, revealed on September 2, 2025, combines Skyward’s … Read more
[ad_1] Are you a small business owner? No matter what type of company you run, you will need general liability insurance and maybe some additional coverage depending on the industry you are involved in. How do you know how and where to apply for the best small business insurance policy? Read reviews on different insurance … Read more
London, UK – August 28, 2025, Westfield Specialty International, a prominent player in the specialty insurance market, has named Melanie Gilbert as its new head of third-party claims, bolstering its leadership team with a seasoned legal expert. The appointment, announced on August 27, comes at a time of significant executive transitions for the company, as … Read more
Selective and Devastating: New Cyber Report Reveals Paradox of Fewer But Far More Damaging Attacks A new midyear cyber risk report reveals a startling paradox: while cyber insurance claims have plummeted, the attacks that do succeed are becoming far more targeted and financially devastating, especially for U.S. businesses . The findings from Resilience’s Midyear Cyber … Read more
[ad_1] There are many financial investment plans out there but, life insurance can be seen as one of the most important plans. There is a myth among people that when they get older only then they need to obtain one, but, this is all so wrong. Bank deposits and other saving plans are some other … Read more
Mandatory Evacuations, Health Warnings as Gifford Fire Threatens Hundreds of Structures in Central California Santa Barbara, California, August 5, 2025 – A rapidly spreading wildfire, dubbed the Gifford Fire, has scorched over 72,000 acres in Los Padres National Forest, prompting mandatory evacuation orders, health warnings, and heightened concern for hundreds of structures. Igniting on August … Read more
East Fork Pottery, LLC, a North Carolina-based ceramic dinnerware company, filed a lawsuit against The Phoenix Insurance Company (operating as Travelers) on August 5, 2025, in the U.S. District Court for the Western District of North Carolina. The lawsuit stems from Travelers’ denial of a business interruption claim following Hurricane Helene, which struck Asheville on … Read more
Jaguar Land Rover Reels from Cyber Attack: Production Halted, U.S. Sales Disrupted Jaguar Land Rover (JLR), the British luxury carmaker, was blindsided by a major cyber attack that crippled its global operations, forcing factory shutdowns and stalling sales. The incident, revealed on September 1, 2025, has sent shockwaves through the U.S. automotive market, raising alarms … Read more
BALTIMORE, Maryland — In a significant blow to the Trump administration’s efforts to overhaul the Affordable Care Act (ACA), U.S. District Judge Brendan Hurson in Maryland issued a preliminary injunction on August 22, 2025, blocking key provisions of newly finalized Marketplace rules just days before their scheduled implementation. The ruling, stemming from a lawsuit filed … Read more