3 months 2 weeks ago
Allianz Commercial, with U.S. headquarters in New York City, named Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will be responsible for the strategic direction and management of Allianz Commercial’s North …
3 months 2 weeks ago
Two adults were killed and seven children injured in an accident in a remote area of an all-terrain vehicle park in Alabama, authorities said. No one was wearing a harness or restraint in the off-road vehicle. The side-by-side RZR, an …
Admin
3 months 2 weeks ago
A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdict comes …
3 months 2 weeks ago
University of Miami linebacker Adarius Hayes has been charged with three counts of vehicular homicide and one count of reckless driving with serious bodily injury, all of which followed the investigation into a May crash that killed three people. Hayes …
3 months 2 weeks ago
Jacksonville-based Brightway Insurance has acquired GlobalGreen Insurance Agency, a multi-state network writing $270 million in annual premium. GlobalGreen is headquartered in Chesterfield, Missouri, and has affiliate operations across the country. Jeffrey Wilson is CEO and Ray Spears is chairman. “In …
3 months 2 weeks ago
Global Indemnity Group announced that its subsidiary Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations platform for commercial insurance. Global Indemnity Group said the acquisition complements the recent reorganization of Penn-America Underwriters …
3 months 2 weeks ago
President Donald Trump’s administration plans to revoke federal approval of Avangrid’s planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. The legal maneuver is the latest move by U.S. authorities to stymie …
3 months 2 weeks ago
River Valley Underwriters, Inc has announced that it will be acquiring the book of business from Patriot National Underwriters, Inc, as well as the current employees. The parties expect to complete the transaction effective September 1, 2025. RVU is a …
3 months 2 weeks ago
A South Dakota father and son have been ordered to pay over $4 million to resolve violations of the False Claims Act arising out of their 2018 and 2019 crop insurance fraud, according to the U.S. Attorney’s Office, District of …
3 months 2 weeks ago
OAK Global is launching a new strategic business unit, OAK Enterprise, which will be focused on underwriting retrocession business with an appetite for property and specialty classes. The newly formed Lloyd’s Syndicate 1440 has received in-principle approval to assume business …
3 months 2 weeks ago
A global ship management and maritime services company was ordered to pay $2 million for improperly discharging oily waste into the Gulf of Mexico, the U.S. Attorney’s Office, Middle District of Louisiana announced last week. V.Ships Norway A.S. (V.SHIPS) pleaded …
3 months 2 weeks ago
Climate change made the extreme weather conditions that fueled the wildfires in Portugal and Spain about 40 times more likely to happen and the blazes themselves 30% more intense than if the world hadn’t warmed, research scientists said. The 10-day …
Admin
3 months 2 weeks ago
The European private credit market is gaining ground on the US, according to a report from Moody’s Ratings. Over the last several years, the depth of the market in Europe has lagged behind the US, mostly because of regulatory and …
Admin
3 months 2 weeks ago
A U.S. judge on Wednesday held a three-hour hearing to consider objections to a deal between the Justice Department and Boeing that allows the planemaker to avoid prosecution on a charge stemming from two fatal 737 MAX plane crashes that …
Admin
3 months 2 weeks ago
A Carrier Management summary of earnings metrics for the year so far reveals a second-quarter average combined ratio of roughly 88, and a year-to-date ratio of just under 92 for a cohort of 27 insurers. Among the group, made up …
3 months 2 weeks ago
The European Union’s medicines regulator said on Wednesday there has been a surge in illegal medicines marketed as weight-loss and diabetes medicines online in recent months across the region, and warned about a serious risk to public health. Global shortages …
3 months 2 weeks ago
With inland flooding, storm surge losses and government cutbacks on the rise, parametric flood insurance may finally be having a moment in Florida and elsewhere in the Southeast. “It’s starting to get some traction. We’re seeing more and more requests …
William Rabb
3 months 2 weeks ago
The U.S. property/casualty insurance industry recorded a net underwriting gain of $11.5 billion and net income of $49.1 billion for the first-half of 2025, according to a new report. “The lack of any significant natural catastrophes in the second quarter …
3 months 2 weeks ago
A chemical leak and fire at a suburban New York beauty products warehouse Tuesday may have been caused by a forklift mishap, officials said, warning neighbors to stay indoors. Commuter trains were temporarily stalled in the area ahead of the …
3 months 2 weeks ago
A Pennsylvania man has been charged with tricking people into investing money he claimed would be used to buy thousands of automated teller machines, causing more than $400 million of investor losses, U.S. authorities said on Wednesday. Daryl Heller, 55, …
Admin