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State Senator Jeff Brandes withdrew his amendment to an insurance omnibus bill but said he would bring the concept back before the legislature. -
The OSHA regulation requiring employees at large businesses to get Covid vaccine was thrown out, but justices allowed the healthcare worker mandate to stand.
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The ratings agency said that long-tail classes could be hit by reserve deficiencies.
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Justices appear to lean toward overturning OSHA rule requiring jabs for 100 workers or more; medical mandate also in play.
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Legacy acquirer Darag has entered into a Stock Purchase Agreement and received the relevant regulatory approval for the purchase of a Texas-based insurer in run-off.
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The status will allow the Stephen Catlin-led business to write US reinsurance without posting reinsurance collateral.
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The Department for Financial Services said insurers must also improve disclosure around climate risk.
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The ratings agency said the island would continue to provide a beneficial environment for carriers overall.
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As climate-related floods intensify, homeowners in designated risk areas start to see significant premium hikes in the National Flood Insurance Program.
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The Competition and Markets Authority will investigate whether the deal lessens competition in the UK.
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The National Association of Professional Insurance Agents said members have not received adequate training for the new system.
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The federal government’s reinsurance program for terrorism coverage helped stabilize industry, AM Best said.
