Author: Awais

The agreement in principle announced on February 4 values Beazley at approximately £8 billion. Under the proposed terms, shareholders would receive up to 1,335 pence per share, comprising 1,310 pence in cash plus up to 25 pence in permitted dividends.

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As an independent insurance agency, Choice Mutual gets paid a commission from our insurance partners every time we sell a policy. Without us, the insurance companies would not have a customer. Your policy does not cost more because we helped you, and our advisory services cost you nothing. The exact amount we get paid for each sale varies depending on the applicant’s age, health, and the specific product applied for. We never recommend products based on which one pays us the most. We suggest products based on the needs and desires of the applicant. In addition to generating revenue via…

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More prescriptive smoke damage standards could raise the cost and scope of remediation following major wildfires. Requirements to test and, in some cases, replace HVAC systems, insulation, soft furnishings and building materials, as well as to meet defined clearance levels before reoccupancy, would likely increase average severity on partial-loss claims.

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Within Oklahoma, the notice is directed to all life and accident and health insurers; it does not reference brokers, managing general agents, underwriters, or other intermediaries directly, nor does it specify additional phased implementation dates, transitional measures, or operational requirements beyond the effective date of January 1, 2026. The Oklahoma Insurance Department indicates that companies with questions regarding the notice should direct them to their assigned financial analyst, and no further implementation guidance or compliance detail is provided in the February notice itself.

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As a result, the New Mexico OSI directs that, before 90 days following the bulletin (May 11, 2026), insurers must provide written notice to their affected policyholders using specified wording (or language of similar meaning) titled “NOTICE OF A CHANGE IN YOUR COMMUNITY’S PUBLIC PROTECTION CLASSIFICATION THAT MAY IMPACT YOUR PROPERTY INSURANCE PREMIUM.” The ISO’s intended effective date is July 1, 2026.

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Higginbotham expands Midwest presence Higginbotham has announced Jason Rankin has joined the firm as employee benefits practice leader for Indiana, Kentucky, and Ohio. Rankin has more than 25 years of experience in underwriting, production, agency ownership, and practice leadership. He most recently served as managing director at Foundation Risk Partners, leading the employee benefits practice in Kentucky.

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Trisura Group Ltd. reported full-year 2025 results showing steady growth, strong profitability, and capital expansion, positioning the specialty insurer ahead of analyst expectations and broadly in line with top-tier peers despite signs of margin pressure across parts of the specialty market. The company posted operating net income of $138.4 million (all figures in Canadian dollars) for the year ended December 31, 2025, up 1.9% from 2024, while fourth-quarter operating net income reached $36.6 million. Diluted operating EPS for the quarter was $0.75, exceeding the analyst consensus estimate of $0.72.

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The final dispute centered on how much damage remained after the January 2024 inspection. Farmers made payments totaling $5,181.67 and $842.84, while the Johnsons alleged the damage totaled $19,171.42. When the Johnsons filed suit in August 2024, Farmers moved for summary judgment based on a clause in the policy that required any lawsuit to be filed within two years of the loss. Since the derecho hit in August 2020, the insurer argued, the deadline had long passed.

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Alliant Insurance Services has acquired Laredo Commercial Insurance Agency’s for-hire trucking portfolio and established a Laredo, Texas office, while Brighthouse Financial shareholders have approved a $4.1 billion merger with Aquarian Capital, and Continental General has completed its acquisition of approximately 91,000 insurance policies from state guaranty associations.

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