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The company offered insurance and took on risk, violating rules governing non-resident entities, a spokesperson International Registries, Inc said.
The U.S. surplus lines market has seen double-digit growth in recent years for a reason: It's a reliable solution.
A rise in ground-handling incidents has been one of the key challenges with post-pandemic recovery and growth.
The December 5 opinion held that the coverage exclusion in Nationwide's policy went against the Motor Vehicle Financial Responsibility Law.
The lawsuit alleges Aon "wrongfully" used its unified platform to lure clients and reap huge profits.
The committee asked whether Citizens has contemplated requesting a federal bailout in the event of being unable to cover its claims.
The bond protects Axis and its subsidiaries against systemic cyber shocks over a two-year period starting in January.
The state insurance commissioner took emergency action to suspend the agent and his business.
Insurance technology news from Great American, INSTANDA, One Inc and more.
The U.S. has experienced a record-high 25 disasters this year that have generated at least $1 billion in damages each.