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Pera is launching as a division of Desq — USQRisk’s managing general agent accelerator/incubator — and is the first program Desq has brought to market.
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On a year-on-year basis, the all-items index for September increased 3.7% before seasonal adjustment.
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A number of players suggested that the cost components of first-party claims were up between 30%-50% on that seen during Ransomware Wave One.
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In a presentation before Florida lawmakers, Cerio noted recent success in Citizens’ efforts to move policyholders to private insurers and reduce risk exposure.
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The most important factors driving insured losses over the years include hurricanes, other weather-related events, inflation, and excess litigation.
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If the claim does indeed pay out, it has been suggested it will be the largest in R&W market history.
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Stoik has more than 35 years of senior management, underwriting and broker experience.
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According to a survey, 35% of small businesses do not have general liability insurance, and 39% of those operating for 10 years or more have never updated their GL coverage.
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Company co-founder and co-CEO Nicholas Petcoff will become sole chief executive as co-founder James Petcoff retires.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Jeff Banasz will serve as EVP with the Cobbs Allen division, establishing an inaugural office in Philadelphia.