United Property & Casualty to Exit FL, GA, LA, and NY Markets

United Property & Casualty plans to withdraw its personal lines coverage in Florida, Georgia, Louisiana, and New York, according to a company news release issued on August 25, 2022. UPC, a subsidiary of United Insurance Holdings Corp. (UIHC), is a...
Read More about United Property & Casualty to Exit FL, GA, LA, and NY Markets

Marijuana Panel Counsel Defense

Insurance defense law firms might want to explore marijuana panel counsel opportunities as the cannabis industry expands. Almost 50 million Americans used marijuana at least once in 2019, according to the CDC. Although it is illegal at the federal level,...
Read More about Marijuana Panel Counsel Defense

GEICO Closes Calif. Offices; 2022 Claims & Costs Rise

GEICO has closed 38 agent offices in California, according to an August 1 article by the Sacramento Bee, and GEICO panel counsel members will want to monitor the situation. The offices sold auto and homeowners insurance policies to state residents....
Read More about GEICO Closes Calif. Offices; 2022 Claims & Costs Rise

Liberty Mutual Completes State Auto Acquisition

State Auto Group is now owned by Liberty Mutual Insurance. Insurance defense law firms that are on the State Auto panel counsel program will want to monitor their portfolio of cases closely. Through the mutual transaction and merger, originally announced...
Read More about Liberty Mutual Completes State Auto Acquisition

ProSight Rebrands as Coaction Specialty

Coaction Specialty is the new name for ProSight Global, Inc., a specialty underwriter founded in 2009. The parent company is Coaction Global, Inc. Insurance defense law firms that are ProSight panel counsel members will want to educate themselves on the...
Read More about ProSight Rebrands as Coaction Specialty

Florida Homeowners Insurance Market in Turmoil

Many Florida homeowners insurance companies, listed below, have entered into liquidation in recent years. Other Florida homeowners insurance carriers have announced plans to either cut back or stop writing new policies. Panel counsel law firms for Florida homeowners insurance carriers...
Read More about Florida Homeowners Insurance Market in Turmoil

Berkshire Hathaway to Acquire Alleghany Corporation

RSUI Group, CapSpecialty, and Transatlantic Holdings are being acquired by Berkshire Hathaway as part of its purchase of Alleghany Corporation, according to a March 21, 2022 news release. The transaction is valued at $11.6 billion and is expected to close...
Read More about Berkshire Hathaway to Acquire Alleghany Corporation

Chubb Pursues Digital Transformation

Chubb panel counsel members will want to take note of on-going initiatives to drive transformational change through technology. "Chubb is transforming itself to a company built to thrive in the digital age,” according to a Chubb news release. In January,...
Read More about Chubb Pursues Digital Transformation

Litify to Host LitiQuest Insurance Conference

The future of claims litigation is the primary focus at a one-day executive summit being held in California in early April 2022. Litify, a provider of legal operating system and case management software, is the lead sponsor. AmTrust, Acceptance Insurance,...
Read More about Litify to Host LitiQuest Insurance Conference

Cyber Insurance Panel Potential

As ransomware attacks and data breaches increase, cybersecurity insurance policies represent a growing coverage area. Insurance defense law firms may find new cyber insurance panel opportunities if they take the time to learn the industry. There are now 4 million...
Read More about Cyber Insurance Panel Potential

California Fires Burn Homeowner Carriers

AIG and Chubb intend to non-renew thousands of high-end California homeowner policies over the coming months as a result of fire exposure in the state, according to a recent Wall Street Journal article titled “Wildfire Risk in California Drives Insurers...
Read More about California Fires Burn Homeowner Carriers

How to Get on an Insurance Panel in 2022

The Insurance Defense Marketing E-Book is now updated for 2022. Managing partners at insurance defense law firms who want to get on an insurance panel and become panel counsel for more property and casualty (P&C) carriers will find this to...
Read More about How to Get on an Insurance Panel in 2022