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This transaction follows the earlier sale of VRU to Ryan Specialty for $525 million.
Posted: May 05, 2025
ARC will join CRC Specialty, continuing to operate under its existing leadership team.
Posted: May 05, 2025
Adam Brown and Luca Gallo promoted from within to the company’s executive leadership group.
Posted: May 05, 2025
Members of a high school lacrosse program in upstate New York are accused of staging an armed abduction of younger players in a stunt that “went way beyond hazing,” prosecutors said this week. All 11 people believed to be involved …
Posted: May 05, 2025
Spain’s high-voltage electricity grid suffered more power generation disruptions than previously known ahead of the country’s largest ever blackout, the government said. “There is new information: there was a third loss of power gen...
Posted: May 05, 2025
Nearly four months after wildfires reduced thousands of Los Angeles-area homes to rubble and ash, some residents are starting to rebuild. In the Pacific Palisades neighborhood, construction workers recently began placing wooden beams to frame a house...
Posted: May 05, 2025
Kansas Insurance Commissioner Vicki Schmidt released data last month on the amount paid by insurance companies for Kansas storm damage claims in 2024. In 2024, reported storm claims totaled 56,778 and the amount paid out on those claims by insurance...
Posted: May 05, 2025
TWFG, Inc., a high-growth insurance distribution company, announced the acquisition of two agencies, one in Texas and one in North Carolina, and the hiring of Denise Davis as Vice President of Retail Operations. Denise Davis Insurance, located in Tom...
Posted: May 05, 2025
Aon Names DiLorenzo as Head of US Casualty for Reinsurance Solutions Insurance broker Aon plc named Anthony DiLorenzo as head of US casualty for Reinsurance Solutions, effective immediately. In his new role DiLorenzo will be responsible for leading c...
Posted: May 05, 2025
Allstate Corp. CEO Tom Wilson said he does not expect auto insurers to get more aggressive on pricing as the industry’s increases seem to have leveled off. For the most part, Wilson explained to analysts during a call to discuss …
Posted: May 05, 2025
Years had passed since Hurricane Harvey’s howling winds and heavy rains tore apart Dan Lee’s century-old roof in West Columbia, south of Houston. Then came the knock on his door. It was Mosaic in Action, a nonprofit that has helped …...
Posted: May 05, 2025
The mother of an inmate who died of dehydration and malnutrition at Wisconsin’s oldest maximum security prison last year has filed a federal lawsuit, marking the fourth action brought by relatives of inmates who have died at the troubled instit...
Posted: May 05, 2025
Elon Musk’s wish to create his own city just came true. On Saturday, voters living around SpaceX’s rocket testing and launch facility in South Texas approved a measure to incorporate the area as a new city. Soon after polls closed …
Posted: May 05, 2025
Although mental health claims make up less than 2% of workers’ comp cases, they can triple claim duration, but early behavioral health intervention offers a powerful solution, dramatically improving recovery timelines and return-to-work outcomes.
Posted: May 05, 2025
AXIS Capital Holdings Ltd., the Bermuda-based specialty re/insurer, announced the launch of an insurance policy that offers customizable cyber and specialist liability coverage to companies in Canada with up to C$2 billion (US$1.5 billion) in revenue...
Posted: May 05, 2025
Insurance Business Magazine - US
Posted: May 05, 2025
Insurance Business Magazine - US
Posted: May 05, 2025
Staff Cuts Help Fuel GEICO Profit; Not ‘Pouring Money’ Into AI: Jain He's not...
Posted: May 05, 2025
Residents Begin to Rebuild After Devastating Los Angeles Wildfires Nearly four months after wildfires r...
Posted: May 05, 2025
North Carolina authorities last week charged a man with 21 felonies, including insurance fraud and theft, after he reportedly stole identities and filed false auto claims with four insurance companies. Damain Rayshawn Cummings, 30, of Zebulon, appear...
Posted: May 05, 2025
CNA Financial Corporation reported first quarter net income of $274 million, down 19% from the same period a year ago. CNA’s property/casualty operations booked net income of $311 million, with underwriting income of $40 million for Q1 2025, co...
Posted: May 05, 2025
Two subsidiaries of Auto Club Group have agreed to refund $2.6 million to policyholders and to pay $113,000 in fines after a market conduct examination by the North Carolina Department of Insurance. Members Insurance Co. and Universal Insurance Co.,...
Posted: May 05, 2025
Proactive risk management essential as carriers respond to emerging contaminants, excess capacity limitations and stricter regulatory enforcement: AmWins. The post
Posted: May 05, 2025
European and U.S. carriers canceled flights for the next several days after a missile fired by Yemen’s Houthi rebels on Sunday landed near Israel’s Ben Gurion Airport, the country’s main international travel gateway. Many foreign ai...
Posted: May 05, 2025
Idaho State Police said the driver of the tour van involved in a deadly collision with a pickup truck was licensed in California and the company that organized the trip was Ctour Holiday LLC, a large tour operator that provides …
Posted: May 05, 2025
The man who fell from the top of a 21-foot-high wall onto the warning track at PNC Park during a game between the Pittsburgh Pirates and the Chicago Cubs on Wednesday night is awake and alert. The organizer of a …
Posted: May 05, 2025
MIRAMAR, Fla. (AP) — A record 1,120 people accused of being in the U.S. illegally were arrested in less than a week during sweep orchestrated by federal, state and local authorities in Florida, an operation officials credited on Thursday to …
Posted: May 05, 2025
NASHVILLE, Tenn. (AP) — A suspect whom authorities have linked to white supremacist movements has been arrested in the March 2019 fire that destroyed an office at a storied Tennessee social justice center. Regan Prater was arrested last Thursday and...
Posted: May 05, 2025
President Donald Trump recently ordered federal agencies not to enforce laws that prohibit policies and practices with discriminatory impacts that are often unintended. Curbing so-called “disparate impact” liability, which is common in em...
Posted: May 05, 2025
TikTok owner ByteDance Ltd. was fined €530 million ($600 million) by the European Union for illegally sending user data to China, and warned that it didn’t do enough to keep that information out of reach from Chinese state services. IrelandR...
Posted: May 05, 2025
A senior UK minister [this week] will warn businesses to protect themselves against cyber threats after a spate of attacks on retailers including Marks & Spencer Group Plc. “These attacks need to be a wake-up call for every business in R...
Posted: May 05, 2025
The UK supermarket chain Co-op said hackers were able to access and extract customer data from one of its systems during a recent cyberattack. “The accessed data included information relating to a significant number of our current and past memb...
Posted: May 05, 2025
A federal judge on said she will allow expert testimony that formula made by Abbott Laboratories and Reckitt Benckiser subsidiary Mead Johnson for premature babies can cause a fatal intestinal illness, as the companies face hundreds of lawsuits over...
Posted: May 05, 2025
Federal investigators have launched a probe after two flights aborted landings at Reagan Washington National Airport on Thursday because a U.S. Army Black Hawk helicopter too close. The Federal Aviation Administration said on Friday that air traffic...
Posted: May 05, 2025
A second person has been charged with arson in the wildfire in New Jersey’s Pine Barrens that has grown into the state’s second-largest fire in nearly two decades. Prosecutors said Friday that a 17-year-old was arrested and charged with a...
Posted: May 05, 2025
A consultant paid to review security at the official residence of Pennsylvania Gov. Josh Shapiro after it was firebombed by a late-night intruder said Friday that his team’s findings will not be made public. Retired state police Col. Jeffrey Mi...
Posted: May 05, 2025
Berkshire Hathaway said its auto insurer Geico has cut tens of thousands of jobs as part of its efforts to turn around a business that’s lagged behind peers. Berkshire’s Vice Chair of Insurance Operations Ajit Jain said Geico reduced the...
Posted: May 05, 2025
He’s not yet ready to declare “mission accomplished,” but Ajit Jain, vice chair of Berkshire Hathaway’s insurance operations, said the conglomerate’s personal auto insurer, GEICO, is no longer lagging behind competitors...
Posted: May 05, 2025
The Washington State Department of Labor and Industries issued the first citations under a a new law regulating production quotas in warehouse workplaces. L&I fined The Safeway distribution center in Auburn $26,700 for several violations related...
Posted: May 05, 2025
This post is part of a series sponsored by IAT Insurance Group. In the latest episode of What’s Brewing, Chris Accetta and David Geller welcome David Seaton, VP of Predictive Analytics and Modeling at IAT Insurance, to demystify artificial inte...
Posted: May 04, 2025
The high cost of living remains a main concern in America’s largest exacerbated by the January wildfires is one of the biggest worries bothering residents of Los Angeles County. A survey focused on the county, the nation’s largest with 9....
Posted: May 04, 2025
USI Insurance Services, one of the largest brokerages in the country, has filed suit against a former sales team leader and another powerhouse broker, Lockton, accusing them of poaching employees and harming client relationships. Elisia Hahnenberg, w...
Posted: May 04, 2025
Elon Musk’s age of government efficiency has spread to Florida, with legislation that would abolish at least 22 state boards that oversee licensing and disciplinary reviews for engineers, contractors, building inspectors, accountants and many m...
Posted: May 04, 2025
The workers’ compensation market appears to be doing well again. Ahead of its annual “State of the Line” report to be released in early May, National Council on Compensation Insurance (NCCI) Chief Actuary Donna Glenn told Insurance...
Posted: May 04, 2025
These days, recruiters are floating a lot of different terms and conditions out there, from insurance agencies paying per resume to no money up front but six-month exclusivity. It can be confusing to know what’s standard and makes the most R...
Posted: May 04, 2025