Author: completebodyneeds

Analysts at insurance rating firm AM Best said there are “warning signs” for the directors & officers liability market, leading to shrinking underwriting margins and a tighter environment for buyers in 2026. In a new report, AM Best said 2025 marked the fourth straight year of premium decline in the D&O liability line. Nevertheless, insurers have generated favorable direct underwriting results the last few years while insureds have enjoyed competitive renewal terms and new offerings in a market that has maintained abundant capacity. However, in 2025 premium decreases were lower on average at renewal, with some seeing flat or slightly…

The flood insurance gap in the United States is big–and it’s not getting better. And the consequences of that gap are about to worsen for property owners and state and local governments, thanks to increasing rainfall amounts, stronger storm surge, more development in flood zones, cutbacks in federal aid, and aging river levees around the country. That was the word from Moody’s Rating analysts who delved into the realities at a recent webinar. “When flood losses happen and they are not absorbed by the shock absorber of insurance, they don’t disappear,” said Firas Saleh, director of insurance solutions and product…

This article is part of a sponsored series by Cotality. While high-level boardroom strategies and contingency plans are essential, it’s the daily, “boots on the ground” conversations that can more imminently move the needle. Immediate, practical discussions between insurance professionals and policyholders can save families and insurers massive costs in a single hurricane season. This real-time engagement is especially vital in northern urban areas—regions not traditionally “known” for severe flood or hurricane risk, but increasingly vulnerable to them. In a high-density vertical environment like New York City, a minor property issue can easily turn from a “molehill” of a problem…

Professional liability insurance for real estate professionals–commonly referred to as errors and omissions (E&O) coverage–is often treated as a routine placement. Yet, for brokers advising clients involved in real estate, this line of business presents both persistent risk and a meaningful opportunity to add value. Real estate E&O is shaped by a unique mix of legal exposure, transaction complexity, and long-tail claims, making informed advisory and carrier selection critical. Understanding how this coverage works, where it frequently breaks down, and why specialization matters allows brokers to better protect clients and strengthen long-term relationships. An Evolving Risk Landscape Professional liability risk…

National ANV Group Holdings Ltd., Open Lending Corporation ANV Group Holdings Ltd. entered a definitive merger agreement with Open Lending Corporation. Open Lending partners with financial institutions across the U.S. to help expand access to automotive financing. Global insurance intermediary ANV operates a growing portfolio of specialty insurance businesses across a diverse range of risk and insurance products. The acquisition adds a specialty underwriting business that fits well within ANV’s existing business segments and is consistent with its strategic M&A approach. Upon the completion of the transaction, Open Lending will become a privately held company, and its common stock will…

The hard insurance market of the past few years has challenged everyone. Clients faced rising premiums, limited options, and complex renewal conversations, while agents had to invest significant time and energy into addressing their frustrations. However, the market is now shifting.Carriers are loosening underwriting standards, reducing rates, and chasing organic growth, leaving clients with more options and less pressure. While it is a welcome change, agents must resist the temptation to treat a softening market as a reason to relax. Clients are now more engaged and informed shoppers. This means agents must focus on retention by deepening relationships and moving…

A local council in New Jersey charged with monitoring unfunded mandates from the state exceeded its authority when it negated a motorist surcharge for driving while intoxicated (DWI) that was intended to cover the cost of new police equipment. The New Jersey Supreme Court ruled last week that the Council on Local Mandates acted within its constitutional authority when it determined that a statute mandating that mobile video monitoring systems (MVMS) be installed on certain police vehicles was an unfunded mandate. However, the council went too far when it then invalidated a related $25 increase in the state’s $100 DWI…

Trucordia Names Roberts as EVP, Health Benefits & Financial Services Steve Roberts Trucordia named Steve Roberts executive vice president, health benefits and fnancial services. Roberts has more than three decades of experience leading growth, modernization and transformation across major healthcare and benefits organizations. His background spans senior leadership roles at Carelon, Aetna, Henry Schein, Datavant, GE Healthcare, and Veradigm, where he led strategic initiatives. Trucordia is headquartered in Lindon, Utah. Arrowhead Programs Appoints Kaufman as SVP and Chief Actuary Arrowhead Programs promoted Mark Kaufman to senior vice president and chief actuary. In this expanded role, Kaufman will oversee the actuarial,…

New York City officials identified dozens of buildings with Legionnaires’ bacteria in Manhattan’s Upper East Side, closing in on the source of an outbreak that has infected at least 46 people and hospitalized 22. The New York City Health Department tested the cooling towers of 183 buildings in neighborhoods encompassed by three zip codes — 10028, 10128 and 10075 — that are among the city’s wealthiest and most densely populated. Of the 31 with signs of bacterial contamination, 19 already have been cleaned, officials said on a call with reporters Friday. The remainder are set to be cleaned by Saturday.…

California Insurance Commissioner Ricardo Lara approved workers’ compensation advisory pure premium rates that average 10.4% than last year. The Workers’ Compensation Insurance Rating Bureau of California submitted a pure premium rate filing in May to the commissioner proposing September 1, 2026 advisory pure premium rates that average 10.4% higher than the average of the approved September 1, 2025. Related: WCIRB: 2025 California Workers’ Losses and Expenses 102% of Earned Premium The commissioner issued a decision on July 10, approving advisory pure premium rates for new and renewal policies effective on or after September 1, 2026. The approved advisory pure premium…