The programme, announced Thursday at the Citizens Housing and Planning Council’s annual luncheon, would use city capital to issue property and liability insurance policies at premiums 20 to 30 per cent below prevailing market rates. Deputy Mayor for Housing and Planning Leila Bozorg said the lower cost would be achievable because “the government doesn’t have the same profit demands as private insurers.” The city aims to cover 20,000 homes by 2027, scaling to 100,000 by 2030.
Author: Awais
The casualty insurance-linked securities and casualty reinsurance sidecar market is seen as primed for expansion, with speakers at today’s SIFMA ILS conference in Miami saying the aligned nature of the structures and the motivation of cedents to participate all suggest traction will persist.During a panel discussion this morning at the conference, moderator Andras Bohm, Managing Director and Global Head of Structuring, Gallagher Securities, was bullish on growth potential for non-cat and casualty sidecars. In essence, the increasing maturity of this segment of the market is driving greater confidence, while the alignment inherent in the structures is helping fuel investor interest…
A Delaware judge threw out lawsuits seeking to link the heartburn drug Zantac to cancer, freeing makers of the product from facing trials in the state over the cases. Superior Court Judge Francis “Pete” Jones concluded Monday lawyers for ex-Zantac users couldn’t produce legitimate evidence backing up claims the over-the-counter product caused cancer. Zantac is currently made by French drugmaker Sanofi. Jones found the Zantac plaintiffs’ were not entitled to a second chance at amending their claims because they failed to meet statutory requirements to prove allegations that the cancers were caused by the medication. “This court concluded the plaintiffs…
The AI scribe company said information from the New England Journal of Medicine and the JAMA Network will allow providers to more easily access the latest medical research.
From augmentation to autonomy: The hidden exposures in agentic AI AI adoption is accelerating rapidly across industries. According to Darktrace, 78% of organizations already use generative AI in at least one business function, while more than 80% are expected to deploy AI models or applications in production environments by the end of 2026. At the same time, autonomous agents are beginning to execute “multi-step operational workflows from end to end,” effectively embedding themselves within core business processes.
Allstate said it is starting to provide its customers with identity theft protection at no additional cost This added value expands recovery from physical damage to homes and cars to include digital protection as peak storm season approaches. The benefit is available to 6.8 million customers in 14 states today, with additional states rolling out throughout the year, Allstate said. The insurer said it is the first major U.S. insurer to offer identity theft protection at no additional cost to standard home, auto, and renters insurance customers, who will be notified to enroll. Allstate said it has offered identity protection…
The Texas grid operator warned power demand may quadruple from recent record levels by 2032 to feed booming data-center expansion and population growth, an increase that would require the equivalent of almost 300 new nuclear reactors. The Electric Reliability Council of Texas said peak demand may reach 367,790 megawatts in six years, a vast increase from the all-time peak of 85,508 megawatts reached in August 2023. Data centers will account for more than 60% of the projected increase, according to an Ercot presentation released Wednesday. While Texas is facing “exceptional growth” across sectors, Ercot Chief Executive Officer Pablo Vegas said…
While New York and the East Coast bake under an early-season heat spell, the Great Plains, Midwest and parts of the Northeast were pounded by wind and hail Wednesday and face a larger threat Friday. Sporadic power outages, along with flight cancellations and delays at Chicago’s O’Hare International Airport, marked Wednesday’s disruptions, which included tornado watches from Illinois to Oklahoma. A few storms may redevelop Thursday, mainly around Syracuse and western New York, before a more significant outbreak arrives Friday across the Midwest and Great Plains. “The bigger event will be tomorrow,” said Frank Pereira, a senior branch forecaster at…
A day after severe storms damaged communities in the Plains and the Midwest, forecasters warned that storms could bring giant hail, tornadoes and severe wind gusts to the regions again in the coming days. Authorities in Kansas reported several people with minor injuries after storms passed through on Monday. Three people were left with minor injuries in rural Franklin County, about 50 miles (80 kilometers) southwest of Kansas City, according to the sheriff’s office. In Ottawa, a city of about 13,000 people, officials said there was structural damage, but there were no deaths or injuries. Power lines and trees were…
Inszone Insurance Services announced the acquisition of Insurance Resources Group, Inc. Located in Olathe, Kansas, this acquisition adds an experienced and versatile team to the expanding Inszone organization. Insurance Resources Group was founded in 1996 by Kenton Grigg and Lora Ewbank. In 2003, Ewbank purchased the agency in full. The agency offers home, auto, business and life insurance. Topics Mergers & Acquisitions Kansas Was this article valuable? Yes No Here are more articles you may enjoy. Interested in Mergers? Get automatic alerts for this topic.
Utah-based insurance broker Trucordia reports it has acquired the Paradiso Financial and Insurance Services business located in Stafford Springs, Connecticut. Paradiso offers auto, home, life and business insurance and specialty lines across Connecticut and the New England region. One of its specialties is insurance for parcel delivery service providers including FedEx independent contractors. Chris Paradiso, CEO and owner, founded the agency in 2006. He is also known for his digital marketing and business growth consulting for agencies. Trucordia is the group name for a top 20 U.S. insurance brokerage headquartered in Lindon, Utah that is #16 on Insurance Journal’s 2025…
That AMS native approach also underpins a more modern payment experience for insureds. Rather than forcing customers through clunky processes or separate portals, Applied Pay delivers an online flow that feels much more advanced than a traditional insurance invoice, with options like Apple Pay, Google Pay and premium financing available at checkout. Historically, if an insured wanted to finance their premium, the agency had to fill out an application with a finance company on the client’s behalf. This was such a time-consuming chore that many avoided offering this option unless a customer specifically asked. Now, with the embedded premium finance…
Special thanks to Editorial Advisory Board member David Blumenthal for his help with this issue.Jean Accius, PhD, CEO, Creating Healthier CommunitiesAnne-Marie J. Audet, MD, MSc, former senior medical officer, The Quality Institute, United Hospital FundDavid Blumenthal, MD, MPP, professor of the practice of public health and health policy, Harvard T.H. Chan School of Public HealthMarshall Chin, MD, MPH, professor of healthcare ethics, University of ChicagoNathaniel Counts, JD, chief policy officer, Kennedy ForumTimothy Ferris, MD, MPH, vice president, InterSystemsDon Goldmann, MD, chief scientific officer emeritus and senior fellow, Institute for Healthcare ImprovementLaura Gottlieb, MD, MPH, professor of family and community medicine, University of California, San Francisco,…
The medical officer for the Texas summer camp where 27 girls were killed in a flood last year testified Tuesday she still has not officially reported the deaths to the state health agency that regulates camps and is reviewing its application to reopen this summer. Mary Liz Eastland, a member of the family that owns and operates Camp Mystic, was questioned in a legal fight between the camp operators and families of victims who have filed lawsuits and want the camp to preserve damaged areas as evidence. The hearing over the past two days has produced the most extensive details…