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A QBE North America survey identifies the top risks of commercial general contractors and construction managers and offers insights on mitigating those risks.

Business Insurance profiles the winners of the 2024 Break Out Awards, which honor potential future leaders in the U.S. insurance and risk management sector. The 40 honorees from across the country represent some of the most promising individuals working in insurance and risk management.

Third-party litigation financing has become a controversial issue in the U.S. court system over the past decade, but experts say it has a surprising history dating back to medieval England.

Disclosure of third-party litigation funding, which is routinely blamed for skyrocketing litigation defense costs and increased verdicts, could make the judicial system more efficient, advocates of disclosure regulations say.

As the commercial auto insurance market struggles to become profitable, one structural change that policyholders face is the shrinking line sizes offered by insurers, according to sources.

The commercial auto insurance sector continues to be hit by underwriting losses driven by physical damage claims and, to an even greater extent, higher liability awards.

Madonna and concert promoter Live Nation are in hot-hot-hot water again, facing another lawsuit over the infamously risqué singer’s Celebration tour: this time alleging that the March 7 Los Angeles show was “pornography without warning” and that the plaintiff “was forced to watch topless women on stage simulating sex acts.”

Widespread damage from tornadoes, strong winds and large hail across parts of the U.S. May 23-30 will likely add hundreds of millions of dollars in losses to an already costly severe convective storm season, according to a report Friday from Aon PLC.

Howden Re, the reinsurance unit of Howden Broking Group Ltd., Friday named former Guy Carpenter LLC executive David Hearn as chairman, global clients strategy.

The U.S. Occupational Safety and Health Administration has cited a Wisconsin pallet manufacturer after a worker was crushed to death by a machine at its Appleton plant in December 2023.

A top Maryland appellate court said Thursday that a Morgan Stanley & Co. Inc. financial adviser should not have been awarded workers compensation benefits for injuries he claimed were sustained from mold exposure in the workplace.

Marsh McLennan Agency, the small and midsized brokerage unit of Marsh LLC, said Friday it has acquired Perkins Insurance Agencies LLC, an agency based in Abilene, Texas.

French reinsurer Scor SE Thursday said it had issued the Atlas Capital DAC Series 2024-1 catastrophe bond to provide $175 million of risk transfer capacity for named storms in the U.S. and earthquakes in the U.S. and Canada from June 1, 2024, to May 31, 2027.