Colorado is poised to launch a residual insurer to help manage what is fast becoming a coverage crisis in the state with the Fair Access to Insurance Requirements (FAIR) due to go live during the first half of 2025.

The delegated underwriting authority sector will end 2024 reflecting on a year in which it again saw a host of start-ups and bore witness to some major M&A deals, with little to suggest its recent run of growth will come to a halt.

California Insurance Commissioner Ricardo Lara has issued a new regulation under the Sustainable Insurance Strategy that aims to stabilise the state’s insurance market and address wildfire risks by requiring insurers to expand coverage in high-risk areas.

Arthur J Gallagher has continued its agency roll-up strategy with a deal to acquire Murray Gardner Insurance Agency Inc, trading as BMR Insurance.

California-based Inszone Insurance Services has continued its run of M&A activity with the acquisition of Coe Agency LLC, an independent insurance agency specialising in health and benefits solutions.

Inszone Insurance Services has strengthened its presence in Texas with the acquisition of Roten & Company Insurance, a family-owned agency based in San Antonio.

California-based Inszone Insurance Services has acquired personal and commercial lines agency Esquire Insurance, based in Denver, Colorado.

Aon has appointed former Newfront and Marsh executive Wendy Cook as its middle market broking leader for US commercial risk, The Insurer can reveal.

Lockton Re has launched a segment dedicated to programs and MGAs in the US, under the leadership of Jeff Fleming.

Arthur J. Gallagher has continued its agency roll-up strategy with deals to acquire Austin, Texas-based Howe Insurance Group LLC, operating as DMc Insurance Partners and Portland, Oregon-based Durham & Bates Agencies, Inc. (Durham & Bates).

Louisiana-based workers' compensation carrier LWCC has acquired AM Best "A" rated sector rival Prescient National.

CCRIF SPC has paid out $805,794 to the government of Belize following rainfall association with Tropical Storm Sara.

Insurance Bureau of Canada (IBC) president and CEO Celyeste Power has criticised the country's ruling government for its failure to include funding to support the launch of a national flood insurance program in its Budget 2024.

American Transit Insurance Company (ATIC), the largest insurer of taxis and rideshare vehicles in New York City, filed a lawsuit on Tuesday seeking over $150mn in compensatory and punitive damages from 180 defendants in the New York and New Jersey area, accusing them of conspiring to submit thousands of fraudulent insurance claims.

Carlyle-backed property casualty and employee benefits brokerage The Hilb Group acquired a P&C business in Texas, effective 1 December, expanding in the central region.