At Syzygy Insurance Brokers, we work with our clients in a consultative manner. We work to provide proper solutions, to precise needs. As part of Texas-based PE firm Syzygy, we are nationally licensed to write in all 50 states, to support our clients' portfolio needs, all under one roof. Commercial Lines & Personal Lines. syzygyinsurancebrokers.com

“Allstate -4.45% Chubb -2.72% and Travelers -2.19% are likely to be the publicly traded insurance carriers most affected, as they are the most exposed to the California homeowners’ market, J.P. Morgan said. Chubb is of particular concern because the company has focused on high-net-worth policies, and the areas affected by the fires are mostly affluent residential neighborhoods.” marketwatch.com/story/l-a-wi…

Two weeks into the season already, seeing how @NFL teams can make smart decisions in contract negotiations. “Last October, Sportico first reported that the Jets declined to purchase insurance on Rodgers' contract to protect the team if he missed games for injury or illness. The Jets missed out on recouping up to $22 million in insurance proceeds by not purchasing one of several policies ranging in price from $1 million to $4 million, per the report. Not mentioned was the biggest loss the Jets suffered by forgoing insurance, the very reason that Buffum calls this a tragedy: the corresponding salary cap relief.” espn.com/nfl/story/_/id/4127…

Carriers and captive agencies in CA continue announcing restrictive hikes.

One of the advantages of working with a brokerage vs captive is competing your needs with multiple carriers at once. Let us do the work for you.

Personal lines continue to present an increasing challenge. It’s valuable to keep reviewing coverages, deductibles, and scope of needs.

Today’s software failure shows how vital cyber system protections are. Along with systems in place, cyber insurance supports risk mitigation for companies’ performance. yahoo.com/news/global-tech-o…

Tough environment in California for coverage. It is important to compete your policies.

Tough environment for hospitality. Prudent moment to review sales forecasts, and make necessary adjustments -

Understanding the difference between these is important.

“More intense and more expensive natural disasters are driving up insurance rates in many parts of the country, forcing homeowners to turn to “insurers of last resort” backed by stategovernments or at the federal level. Case in point: Citizens Property Insurance Corp., Florida’s insurer of last resort, has become the state’s largest insurer. And this week, Citizens said it will ask regulators for permission to increase its rates by about 14%.” marketplace.org/2024/06/21/a…

“The law comes at a time when Florida homeowners are struggling with skyrocketing premiums and limited policy offers as a crisis in the sector is unfolding in the state. Excessive litigation, fraud and the growing risk of more frequent and more severe natural disasters, fueled by climate change, have all contributed to the rise in insurance costs and to an exodus of private insurers in the state in the past few years.” newsweek.com/florida-insuran…

Not only not having insurance, but also, having inadequate insurance can put an operation at severe financial risk.

“The likely severity of this hurricane season will be felt especially hard in places like Louisiana as well as Florida, which currently has the highest home insurance premiums in the country.” newsweek.com/home-insurance-…

Some relief to the constricted California residential lines market ktvu.com/news/state-farm-som…

California’s residential lines have become highly restrictive, with a high number of non-renewals for homeowners. Legislature aims to lower the review period for rate changes from carriers in the Golden State. ktvu.com/news/newsom-unveils…

Here's the list of the 9 insurance companies lowering rates in 2024. We can help. 1 Safe Harbor Insurance Company 2 Spinnaker Insurance Company 3 Southern Oak Insurance Company 4 American National Property & Casualty Company 5 Heritage Property & Casualty Insurance Company 6 US Coastal Property & Casualty 7 Florida Peninsula Insurance Company 8 Stillwater Property and Casualty Insurance Company 9 American Integrity Insurance Company of Florida abcactionnews.com/news/state…

Third coast Texas experiencing a restrictive market. khou.com/article/money/consu…

With great storms hitting the Mid and Southwest, it's vital to review your coverage. Windstorm damage caused by tornadoes is typically covered in standard homeowners insurance, unlike flood or earthquake. Nevertheless, residents in tornado heavy areas should check their policy for any exclusions on wind damage.