A King County, Washington, judge issued a bench warrant a former Seattle insurance agent charged with stealing more than $400,000 in premiums from his clients. Edward Hadley was charged with nine counts of first-degree theft following investigations by the Washington …

Almost a year after the deadly collapse of Baltimore’s Francis Scott Key Bridge, Maryland officials on Tuesday unveiled their designs for its replacement, which will be taller and better protected against ship strikes. Construction of the state’s first cable-stayed bridge …

A venture capital-backed startup illegally jacked up rents for furnished apartments in Los Angeles — more than 50% in one example — after last month’s wildfires that destroyed thousands of homes, the city attorney’s office alleged in a lawsuit. Blueground …

The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) named Andrea Coleman as president and CEO. Coleman joined the WCIRB in May 2022 as executive vice president and chief operating officer, providing oversight across several operational areas, including finance, human …

Uber Technologies “is not an insurer” and so when one of its drivers assaults a rider, the ride-hailing company is “not automatically liable,” a federal judge in Philadelphia wrote in dismissing claims against Uber brought by a passenger who was …

Allstate Corp. fourth quarter net income applicable to common shareholders increased 30% to about $1.9 billion, and the insurer finished 2024 with net income of $4.6 billion compared to a loss of $316 million the prior year. Results for the …

Hub announced that it has acquired the assets of Lindenwood Agency, Inc. Terms of the transaction were not disclosed. Located in St. Charles, Missouri, Lindenwood Agency is one of the largest independent insurance agencies in St. Charles and has been …

As New Orleans church leaders braced for the fallout from publishing a list of predatory Catholic priests, they turned to an unlikely ally: the front office of the city’s NFL franchise. What followed was a monthslong, crisis-communications blitz orchestrated by …

Federal law enforcement agencies are rolling out one of the most extensive Super Bowl security operations in recent history, following the deadly New Year’s Day terrorist attack in New Orleans. Adding to precautions, the Secret Service is also now making …

A lawsuit alleging for the first time that people died because of the disastrous 2023 East Palestine train derailment was announced on Monday’s second anniversary of the toxic crash near the Ohio-Pennsylvania border amid a flurry of new litigation. On …

Global commercial insurance rates fell 2% in the fourth quarter of 2024 following a 1% decline in Q3 2024 – marking the second consecutive quarterly decrease following seven years of rising rates, according to the Global Insurance Market Index published …

USAA has paid out more than $1 billion for the Los Angeles wildfires, making it the third insurer to report $1 billion or more in payouts for the destructive blazes that burned thousands of properties. The company, which is among …

DOXA Expands Executive Leadership Team DOXA, headquartered in Fort Wayne, Indiana, hired five new executive leadership team members. Matt Bishop joined the team as head of operating entities and business verticals. He has nearly 20 years of insurance leadership experience, …

Aon plc said it has launched a new parametric insurance solution designed to address and mitigate commercial losses from hurricane-related storm surge along the coast of the U.S. Developed with parametric flood insurance provider Floodbase and Swiss Re Corporate Solutions, …

Special insurer Markel said it is realigning its U.S. professional liability products into four pillars: management liability, errors & omissions (E&O), cyber, and financial institutions. “After careful consideration and evaluation, we believe this streamlined underwriting approach will lead to improved …

RALEIGH, N.C. (AP) — North Carolina Gov. Josh Stein asked state legislators Monday to roughly double their spending so far on recovery from Hurricane Helene, warning that waiting will cause more business closings, housing construction delays and students falling behind. …

Florida’s 2025-2026 state budget, as proposed by Gov. Ron DeSantis, would provide some $600 million for home and condominium hardening grants – almost triple what lawmakers approved for the popular programs last year. In his budget posted this week, DeSantis …

Newswise — In today’s world of interconnected computer-based information systems, cyber risk has become one of the critical risk factors impacting organizations. Indeed, several studies have shown that cyber risk (i.e., the probability of being the victim of a successful …

WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million in the same period in 2023. However, the broker saw a net loss for the year of $88 million, compared …

Specialty insurance provider Ryan Specialty reported it has completed the acquisition of Velocity Risk Underwriters, LLC from funds managed by Oaktree Capital Management, L.P. Based in Nashville, Tennessee, Velocity is a managing general underwriter (MGU) providing first-party insurance coverage for …