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Category: Insurance Journal

Freimark & Associates and Leavitt Heartland Insurance Partner to Expand Offerings
Insurance Journal | September 30, 2025
Freimark & Associates and Leavitt Heartland Insurance Partner to Expand Offerings
Employee benefits firm Freimark & Associates has partnered with Leavitt Heartland Insurance, a Leavitt Group affiliate with offices across South Dakota. The partnership expands insurance options for clients of both agencies. Freimark & Associates clients will now have access to …
AM Best Revises Issuer Credits Rating Outlook to Stable for Members of Grinnell Mutual Group
Insurance Journal | September 30, 2025
AM Best Revises Issuer Credits Rating Outlook to Stable for Members of Grinnell Mutual Group
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members of Grinnell …
Central Texas Floods Reveal Need to Improve Disaster Response in Unincorporated Areas
Insurance Journal | September 30, 2025
Central Texas Floods Reveal Need to Improve Disaster Response in Unincorporated Areas
Rain was already coursing through the usually dry creek near Abraham Stallins’ home in the Texas Hill Country when a flash flood warning lit up his phone. It was just after midnight on July 5, and many neighbors were sleeping, …
Insurance Industry, Others Press Congress to Act on NFIP at Deadline
Insurance Journal | September 30, 2025
Insurance Industry, Others Press Congress to Act on NFIP at Deadline
Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling for quick action to extend the National Flood Insurance Program (NFIP). The program expires at the end of Sept. 30. …
The Fidelis Partnership Launches Accident & Health MGA, Corsiam
Insurance Journal | September 30, 2025
The Fidelis Partnership Launches Accident & Health MGA, Corsiam
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA). Backed by The Fidelis Partnership Syndicate 3123 …
Private Credit Could Amplify Shock in Next Crisis, Fitch Says
Insurance Journal | September 30, 2025
Private Credit Could Amplify Shock in Next Crisis, Fitch Says
Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growing asset class has already exhibited …
Chinese Hackers Breached Foreign Ministers’ Email Servers
Insurance Journal | September 30, 2025
Chinese Hackers Breached Foreign Ministers’ Email Servers
Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Microsoft Exchange email servers, gaining …
Lengthy Government Shutdown to Impact Insurers, Says AM Best
Insurance Journal | September 30, 2025
Lengthy Government Shutdown to Impact Insurers, Says AM Best
Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government shutdown coincides with …
Volkswagen Loses Top Court Case Over Diesel Deal With Ex-CEO
Insurance Journal | September 30, 2025
Volkswagen Loses Top Court Case Over Diesel Deal With Ex-CEO
Volkswagen AG lost an appeals case in Germany’s highest civil court over the shareholders’ approval of a settlement with former Chief Executive Officer Martin Winterkorn over his role in the diesel-emissions scandal that cost the company more than €30 billion …
Marsh Names Fred Smith Florida Risk Management Leader
Insurance Journal | September 30, 2025
Marsh Names Fred Smith Florida Risk Management Leader
Marsh, the global insurance broker and risk advisor, has named Fred Smith the Florida corporate and risk management segment leader, overseeing service for large and middle-market clients in the state. Smith will relocate to Miami from New York and report …