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Highstreet Insurance Partners announced with a new round of $550 million in capital to further its expansion and acquisition strategy. Led by Ares Capital, the incremental $550 million delayed draw term loan (DDTL) was upsized from a $500M initial ask …

Texas House members on a special committee for disaster preparedness met Tuesday to discuss for the first time specific bills filed in response to the deadly Central Texas flooding. The hearing included bills that would require flood disaster plans for …

Global specialist insurer Hiscox announced its agreement to acquire a specialist insurtech business focused on addressing the insurance needs of small businesses operating in sectors such as technology start-ups, life sciences and professional services. As part of the transaction, Hiscox …

France’s biggest wildfire in about two decades ravaged vineyards and farms in southern France, leaving one person dead and forcing residents to flee. About 2,100 firefighters, assisted by aircraft, are working to control the blaze in the southwestern department of …

Connecticut has approved $4.7 million in new funding for a program that helps homeowners, businesses and tenants in the city of Hartford’s neighborhoods recover from flooding. The Hartford Flood Compensation & Relief Programs (HFCRP) was launched in 2023 and accepted …

In late March, Pamela Moe was at her dining room table, skimming the local paper when something caught her eye. A legal notice, by a company she had never heard of, for a facility near the city of Thomas. Curious, …

A federal judge has granted the request of 20 states to block the Trump administration’s attempt to terminate a multibillion-dollar grant program meant for states’ infrastructure upgrades and disaster mitigation. U.S. District Judge Richard G. Stearns on Aug. 5 in …

A wildfire in California that has become the biggest fire in the state this year, prompting evacuation orders and threatening hundreds of structures, has grown to 83,933 acres. The fire, which started on Aug. 2 and covers San Luis Obispo …

Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …

Resilience, headquartered in New York City, named James C. Riviezzo as head of North American distribution and strategy. Riviezzo has over 25 years of industry experience, joining Resilience from At-Bay where he served as head of national broker relations. Before …

The owners of the cargo ship that crashed into the Francis Scott Key Bridge are suing the company that built the vessel, alleging negligence in the design of a critical switchboard on the ship. Grace Ocean Private and Synergy Marine …

Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has secured a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial center in the Middle …

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a focus on the agriculture sector. …

UK businesses are turning to the self-employed in an effort to rein in costs as they try to navigate Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.5 billion) payroll tax hike. Advertised contract jobs have risen 22% since April, …

A newly released decade-long study by the Workers’ Compensation Research Institute (WCRI) indicates that claims initiated by nurse practitioners and physician assistants didn’t lead to negative outcomes and suggested some benefits when compared to those led by primary care physicians. …

President Donald Trump’s administration proposed a rule to allow more commercial drones to fly beyond an operator’s visual line of sight, a potential boon for companies such as Alphabet Inc.’s Wing unit and Walmart Inc. pushing to deliver packages by …

AIG could pay dearly for refusing to budge on a claim settlement offer of $2.65 million for nearly a year after receiving estimates that a jury would likely award the claimant $7.5 million for her injuries. A jury did eventually …

Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …

Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Monday night, following Tesla’s …