Six storms around Australia and its territories are expected to strengthen in the coming days, with one system likely to trigger life-threatening flooding in the nation’s north and three others with at least a moderate chance to form into tropical …

Brazilian insurance group Porto Seguro is in talks with private equity funds to possibly sell a minority stake in its health business, with discussions focusing on the strategic advantages of potential partners and valuation, two people familiar with the talks …

Europe’s insurance watchdog has called for a recalibration of capital requirements to reflect rising climate-driven disasters across the continent. The European Insurance and Occupational Pensions Authority is recommending the industry update the way it accounts for natural catastrophe risks in …

Plymouth Rock Assurance, headquartered in Boston, named Ethan Tarby as president and CEO of Plymouth Rock Assurance Corporation. Tarby served as interim president and CEO since June 2024. He will lead Plymouth Rock’s Independent Agency Group. Tarby joined Plymouth Rock …

A federal appeals court and the Federal Communications Commission, in one of its first actions under the new presidential administration, have handed down major decisions that many in the insurance industry may see as a double-edged sword. On the one …

SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where a building collapsed in 2021, killing 98 people. DAMAC International said Tuesday that it planned to build The Delmore …

ORLANDO, Fla. (AP) — The parents of a local TV journalist who was fatally shot while reporting on a killing in central Florida in 2023 have filed a negligence lawsuit against their son’s former employer, claiming the media company didn’t …

Newfront Promotes Maisonet to Chief People Officer Newfront promoted Paige Maisonet to chief people officer. Maisonet oversees talent acquisition, people operations and employee experience. Maisonet has more than 15 years of experience in human resources. She joined Newfront (formerly ABD) …

The Pennsylvania Insurance Department (PID) reported that in 2024 it refused to approve $180.3 million in annual property/casualty (P/C) insurance premium increases in the state through its rate review processes. The PID said it rejected premium increases sought by insurers …

World Insurance Associates LLC has acquired the business of Stern Insurance Group in Scottsdale, Arizona. SIG was founded in 1987 by Daryl Stern. The firm specializes in counseling corporations in the areas of employee benefits and risk management services. They …

A jury found an East Quogue, New York woman guilty of arson for attempting to set three homes on fire in Hampton Bays in November 2023. Suffolk County District Attorney Raymond A. Tierney said that Amanda Burnside is due back …

The Massachusetts standard auto policy does not require an insurer to pay inherent diminished value (IDV) to a claimant whose vehicle is damaged by one of its insureds. The Massachusetts Supreme Court in a 6-0 ruling has upheld dismissal of …

Ride-sharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and performed unnecessary surgeries to take advantage of New York’s lucrative no-fault insurance policies. Since …

Preliminary data show insurance companies have paid out more than $4 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes earlier this month. This week …

The Federal Aviation Administration is issuing guidance to general aviation pilots flying near New Orleans from Feb. 6-11, 2025 to be aware of temporary flight restrictions, follow special air traffic procedures and comply with additional operational requirements that will be …

Qumis, a lawyer-built AI-driven platform designed to transform insurance knowledge work, announced the close of an oversubscribed $2.2 million pre-seed funding round. The round was led by Armory Square Ventures with participation from MTech Capital, Grand Ventures, Alumni Ventures, and …

Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …

Texas Lieutenant Governor Dan Patrick wants to follow in the footsteps of Elon Musk. The state’s powerful Republican announced on Wednesday that one of the 40 bills he was prioritizing this legislative session is called “Texas DOGE – Improving Government …

DAYTONA BEACH, Fla. (AP) — Brown & Brown Inc. (BRO) on Monday reported fourth-quarter net income of $210 million, down from 2023’s Q4 results, but year-end results for 2024 were well above 2023’s numbers. On a per-share basis, the Daytona …

Marsh McLennan reported fourth quarter net income of $788 million, compared with $756 billion during Q4 2023. For the full-year 2024, MMC had net income of $4.1 billion, compared with $3.8 billion reported for FY 2023. Operating income for the …