The rating agency highlighted Ocean Re’s very strong balance sheet strength and risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). While the outlook remains positive, AM Best said it would continue monitoring the holding company’s influence on Ocean Re’s financial stability, particularly regarding financial leverage and corporate structure.
In the first Professional Risks Power Panel of 2025, experts from WTW, Aon and Marsh explain what to expect in the E&O market this year. Among the issues they examine are artificial intelligence and its impacts, cyber threats and the strategic necessity of E&O policies. Source link
October 9, 2024 Hurricanes are a part of life for many in coastal regions of the United States. While damage can be devastating, there are steps small business owners can take to help prepare for a hurricane. As an insurance agent, take action to help your small business clients that might be at risk for…
For small restaurants, the margin for error is razor-thin. Small restaurants have always had plenty to worry about – fires in the kitchen, workplace injuries, liability claims, and the ever-present risk of a foodborne illness shutting them down overnight. Unlike large chains with corporate backing, independent restaurants don’t have the financial cushion to absorb major…
Coverage under the AdWrap program is available throughout all production stages, from pre-production through the final airdate, covering live-action, digital, print, and social media content. Policies offered through AdWrap cover property, casualty, and contingent risks. Source link
The company signalled a possible increase in its holdings of Japan’s five largest trading houses—Itochu, Marubeni, Mitsui, Mitsubishi, and Sumitomo. Initially, Berkshire planned to keep its stake below 10%, but the firms have agreed to allow some flexibility as that threshold approaches. Source link
Insurance claim delays are the longest since 2008 Source link