When it comes to observations of the excess and surplus lines market, there is a difference between the momentum of liability and property lines, said W.R. Berkley CEO W. Robert Berkley, Jr. Addressing some talk that has painted a picture …

Atlanta-based OakBridge Insurance Agency has continued its rapid expansion with the acquisiton of Strawn & Co., headquartered in McDonough, Georgia, south of Atlanta. Strawn is one of the Atlanta area’s oldest and largest independent insurance agencies and has been in …

West Virginia law, like statutes in a number of states, allows employers to try and apportion contributions to a worker’s injury, including how much a pre-existing condition may have played a role. The employer/insurer holds the burden of proof. In …

Business groups led by the US Chamber of Commerce sued the Federal Trade Commission Wednesday seeking to block a rule finalized this week that would outlaw non-compete provisions that prohibit workers from switching jobs within an industry. In a complaint …

Researchers at Florida Atlantic University are using a $1.3 million grant to see if huge blobs of seaweed can be harvested to help mitigate the economic impact on Florida beaches. The FAU Harbor Beach Oceanographic Institute this month announced the …

The Federal Emergency Management Agency has granted the city of Cape Coral a 30-day extension to provide more information on rebuilding in the area after Hurricane Ian. The announcement came Monday, three weeks after FEMA notified local officials in southwest …

Lawyers for former President Donald Trump and the New York attorney general on Monday agreed to changes in the terms of the $175 million surety bond Trump secured with Knight Specialty Insurance Co. (KSIC). Attorney General Letitia James had objected …

Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year’s unprecedented season. Members of the indigenous first nation community of Cold Lake Number 149, …

The first quarter of 2024 was the slowest for insurance agency mergers and acquisitions since the middle of the pandemic, according to investment banking and financial firm OPTIS Partners. OPTIS Partners’ M&A database counted 155 announced insurance agency mergers and …

SAVANNAH, Ga. (AP) — Coastal Georgia’s largest city will require guns left in empty vehicles be securely stored, an effort that Savannah Mayor Van Johnson says is meant to cut down on gun thefts from unlocked cars. “We are not …

In the wake of last week’s widespread hail storm that damaged homes and automobiles, the South Carolina director of insurance said that emergency rules allow out-of-state adjusters and appraisers to work claims, as long as they are licensed in other …

First quarter net income at W.R. Berkley Corp. increased about 50% compared to the same period the prior year to about $442.5 million on pretax underwriting income growth of 31.8% to $309 million. The Greenwich, Connecticut-based commercial insurer started 2024 …

A Delaware insurance agency has won another chance at proving a law firm was negligent in defending it in a non-compete dispute with another agency, a dispute it ended up settling for $1.2 million. The Delaware Supreme Court has reversed …

Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result. Net income rose to about €2.1 billion ($2.2 billion) in the three …

Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offer a market-first, building-specific, sensor-based, parametric earthquake re/insurance product to clients globally. …

Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling meant any country could control “the entire …

OKLAHOMA CITY (AP) — A man was arrested after being accused of punching an Oklahoma City bus driver and causing the bus to crash into a building. Oklahoma City police reported only minor injuries stemming from the Saturday wreck. Authorities …

The heavy rains that flooded Dubai last week halted air traffic, damaged buildings and streets — and left climate experts and common citizens asking whether one of the world’s hottest and driest cities should be better prepared for extreme storms. …

Lawmakers in Oklahoma are having second thoughts about anti-ESG legislation that limits which Wall Street banks local governments can do business with. A Republican-introduced bill that would narrow the scope of a state law that blacklisted financial firms for their …

Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sydney-based Prasidium is a specialist trade credit insurance broker serving clients throughout Australia. Mark …