President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to …

Ryan Specialty Underwriting Managers, the underwriting management division of Ryan Specialty, headquartered in Chicago, Illinois, promoted three members of the Ryan Financial Lines (RFL) executive team. Deborah Egel-Fergus, president of lawyers E&O – Egel-Fergus most recently served as vice president …

The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, President Donald Trump said on Tuesday, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and financial guarantees for …

Looking for deals, consumers are increasingly shopping year-round for home and auto insurance, bucking seasonal trends and insurer expectations. Elevated insurance shopping trends seen throughout 2024 and earlier in 2025 continued through the end of the year, prompting questions about …

Berkshire Hathaway’s chief executive had the unusual task of reporting lower 2025 underwriting and investment income for GEICO and other insurance and reinsurance operations in his first report to investors recently. After two years of rising underwriting profits, Greg Abel, …

A Georgia bill that would bring larger insurer fines, more fraud enforcement and more wind-mitigation funding now moves to state Senate, where it is expected to pass in the next few weeks. The Georgia House of Representatives late last month …

SullivanCurtisMonroe has acquired Stepco Insurance Agency. The Stepco group will join SCM’s Pasadena team. Stepco was founded in 1962 as George Joseph & Associates, dba Mercury Insurance Agency. In 1983, CEO Steve Stepanian took over the agency from his brother-in-law, …

A crew guided a York County barge equipped with a giant sea vacuum across the waters of Wells Harbor last week. One contractor nudged the so-called dredge in a tiny tugboat. Another manned the equipment, which sucked up sand from …

The operator of a pizza parlor in California must pay back wages following an investigation that showed the business did not pay the required minimum wage and overtime. The U.S. Department of Labor reached a settlement agreement with the operator …

Two transgender men are suing Kansas over a new law that invalidated their driver’s licenses and about 1,700 others for reflecting people’s gender identities and not their sex assigned at birth, arguing that the measure is “dehumanizing.” The men filed …

A Baton Rouge, Louisiana couple was recently arrested for attempting to defraud an insurance company of approximately $30,000 and on other related charges, the Louisiana Office of the Attorney General announced this week. Agents with Attorney General Liz Murrill’s Louisiana …

The Louisiana Department of Insurance is entering a partnership with the National Insurance Crime Bureau (NICB) and digital intelligence company 4WARN to combat third-party litigation funding (TPLF) marketing tactics. The department said the partnership is the first of its kind …

Bolivia’s security forces have raided at least 22 homes near the site where a military plane carrying millions of dollars in cash crashed last week, seeking to recover banknotes stolen after the accident. At least 24 people died in the …

Terrorism insurance pricing in the U.S. is hovering at an all-time low — a surprising reality at a time when geopolitical tensions, domestic extremism, and global instability dominate headlines. It comes down to the age-old dynamic of supply and demand, …

Four business owners and a trade association sued the state of Texas on Monday, seeking to reverse acting Comptroller Kelly Hancock’s emergency rules altering a state program intended to give additional exposure to economically disadvantaged groups in government contracting. During …

Florida-based NextEra Energy Inc., one of the world’s largest electric utilities, has settled a class-action lawsuit, agreeing to pay $8 million to some 20,000 employees who said the company had mishandled retirement funds. Plaintiffs’ attorneys’ fees should not exceed 33% …

Holmes Murphy announced its expansion into North Dakota with the hiring of Mark Julik. Julik joins Holmes Murphy with a wealth of insurance and construction–industry expertise, shaped by more than 18 years at Marsh McLennan Agency. During his tenure as …

Michigan Attorney General Dana Nessel has reached a settlement with Holloo Farms, a concentrated animal feeding operation (CAFO) in Calhoun County, to resolve allegations that the company violated environmental regulations and improperly discharged animal waste into state waters. As part …

Zurich Insurance Group announced it has agreed with UK specialty insurer Beazley the terms of an all-cash offer to acquire Beazley for US$10.9 billion. The aggregate cash deal is expected to be funded via existing cash (approximately US$3.0 billion), new …

Independent wholesale specialty insurance distributor CRC Group said it has completed its acquisition of Euclid Transactional. New York City-based Euclid Transactional is a managing general agency that specializes in underwriting transactional insurance, such as representations and warranties, tax liability and …