Vesttoo issues highlight importance of sound counterparty risk practices: DBRS - Reinsurance News

Published on July 27, 2023
Vesttoo's issues with allegedly fraudulent letters of credit (LOC) highlight the importance of sound counterparty risk practices for insurers, suggests
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Everest can lean in if opportunities emerge from Vesttoo collateral issue: Williamson

July 27, 2023
Speaking today, Everest COO and Head of Reinsurance Jim Williamson said the company has the flexibility to lean in to any underwriting opportunities that

State Farm Seeking to Recover $1.5M from Owners of Collapsed Garage

July 27, 2023
The collapse of a New York City garage in April was caused by the negligence of the owners of the building, according to their insurer, State Farm, which is suing them to recover $1.5 million in payments to the garage’s …