The Ticker

SPECIALTY PROGRAM GROUP

Specialty Underwriting Insurance Solutions division rolls out renter-occupied housing program, called HABX, for real estate owners and real estate investment trusts that own large portfolios of apartment units. Written on A-rated paper. >> Brokers Service Marketing Group (BSMG) division hires Michael Hefferon as chief strategy officer. He moves from life insurance marketing organization Libra. Specialty Program Group bought BSMG in December 2021 to anchor a life and annuity platform, which it is now building.

specialtyprogramgroup.com
December 2, 2022
SKYWARD SPECIALTY

Launches A&H stop-loss solution for self-insureds using artificial intelligence. SkyVantage leverages Gradient AI’s SAIL medical underwriting solution with its vast medical data and machine learning capabilities to improve the underwriting process and provide highly customized, cost-effective solutions to self-insured market.

December 2, 2022
SURE

Expands into commercial insurance in Louisiana, targeting small and midsize businesses with BOP underwritten by SageSure. Touts strong surplus, reinsurance access, and financial rating. More than 300 classes of industry eligible.

sureapp.com
December 2, 2022
USQRISK

This MGA specializing in alternative risk transfer solutions appoints Lael Chappell as chief marketing and business development officer of Desq, USQRisk’s specialty accelerator platform. Chappell previously worked at Attune, which is now Coalition. >> Partners with Keystone Risk Partners, which manages Axsal Re group captive for midsize fleets, to offer new group captive facility for excess auto liability for companies with midsize fleets. USQRisk’s underwriting and structuring teams will provide expertise and support, while Keystone Risk focuses on captive management and distribution.

December 2, 2022
ALASKA

State Supreme Court rules awards from Workers Compensation Appeals Commission can include attorneys fees.

December 1, 2022
ARIZONA

Mental health parity and addiction equity rules for insurance took effect Sept. 4.

December 1, 2022
CALIFORNIA

Gov. Gavin Newsom signs law allowing insurance licensees to provide licensed cannabis operations with coverage and services. >> Newsom signs SB 216, requiring concrete, heating/AC, and tree service contractors to carry workers comp even if they don’t have employees, effective July 1, 2023. Suspension of license is penalty for non-compliance. As of Jan. 1, 2026, all contractors will have to comply.

December 1, 2022
CONNECTICUT

National Council on Compensation Insurance proposes 3% average decrease in workers comp rate for voluntary market: 0.7% for miscellaneous, 5.3% for office and clerical, 4.6% for contracting, 2.8% for goods and services, and 2.5% for manufacturing—all decreases—effective Jan. 1. No change recommended for assigned risk market.

December 1, 2022
FLORIDA

Receives requested waiver from National Flood Insurance Program to grant policyholders access to some upfront claims dollars before going through full claim process and without having an adjuster sign off. The program requires policyholders to provide photographic evidence of losses from Hurricane Ian and proof of incurred out-of-pocket expenses related to repair or replacement of NFIP insured property.

December 1, 2022
INDIANA

Approves 10.3% decrease in average workers comp rates, effective Jan. 1.

December 1, 2022

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