Core Specialty Insurance Holdings Inc. and its subsidiaries have agreed to purchase London Aviation Underwriters Inc. (LAU), in a stock and cash transaction. Financial details of the deal, which is expected to close early in 2025, were not disclosed. Upon …
Core Specialty to Purchase London Aviation Underwriters Read More »
An avalanche killed one skier and injured another after the group they were in triggered the large snowslide while ascending a mountain in western Wyoming. The avalanche happened Saturday in a backcountry area about 20 miles east of Grand Teton …
1 Killed in Large Avalanche in Western Wyoming Read More »
Boosting growth and profitability is a goal for all U.S. insurance agents and brokers, but until recently that has been easier to assert than to achieve consistently. Booking organic growth is difficult, even for firms with strong sales cultures, and …
Viewpoint: Innovation Enhances Brokers’ Growth and Profits Read More »
Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …
Ryan Specialty to Acquire Nashville-Based Velocity Risk Underwriters MGU Read More »
Moody’s Ratings changed the sector outlook for the global property/casualty insurance industry to stable from negative last month, pointing to personal lines price hikes in the U.S. and UK as a reason for the upgrade. As for commercial P/C insurance, …
Moody’s Global P/C Outlook Now Stable Despite Past-Peak Commercial Pricing Read More »
PayPal has been sued by an Asian American businesswoman who accused the digital payments company of racial bias for restricting part of a $535 million investment program to Black and Hispanic applicants, costing her millions of dollars. Thursday’s complaint by …
Asian American Venture Capitalist Accuses PayPal of Racial Bias in Minority Program Read More »
The U.S. National Highway Traffic Safety Administration said on Tuesday it had opened a probe into about 2.6 million Tesla vehicles after reports of some crashes linked to its “Actually Smart Summon” driverless feature. The NHTSA’s Office of Defects Investigation …
NHTSA Probing About 2.6M Tesla Vehicles Over ‘Actually Smart Summon’ Feature Read More »
Old Republic International Corp. said it is forming a new subsidiary for cyber and technology errors and omissions insurance products. Old Republic Cyber Inc. will be led by CJ Pruzinsky, formerly of Resilience. He will serve as president of the …
Old Republic Starts New Company for Cyber, Tech E&O Read More »
China said 32 people have been killed and another 38 were injured by an earthquake that struck its far western region of Tibet. The epicenter of the magnitude 6.8 quake that hit around 9:05 a.m. Tuesday morning was in Tingri …
China Says 32 People Killed, 38 Hurt as Earthquake Hits Tibet Read More »
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased about 5.8% in 2024 — the highest yearly jump in a dozen years. For the last quarter of 2024, the composite rate went up 4%, said …
MarketScout: 2024 Composite Personal Lines Rates Up 5.8%; Commercial Rates Up 3.8% Read More »
