Incline P&C Group, headquartered in Austin, Texas, appointed Scott Galiardo as chief actuary and chief underwriting officer for commercial and specialty lines and Tony Urban as the chief development officer. In this newly created role, Galiardo will develop Incline P&C …

Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report by a shareholder advocacy group. …

Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million in its initial public offering in the United States. TWFG is offering 11 million shares at a price range of …

Leading carriers and managing general agents (MGAs) are increasingly seeking to assess their premium income via audits to ensure exposures are reported accurately, while tackling potential premium leakage and addressing possible non-compliance with state regulatory and rating bureau guidelines. How …

Marsh McLennan Agency said it has a definite agreement to buy Illinois-based brokerage The Horton Group, Inc. Terms were not disclosed. The deal is expected to close during the third quarter 2024. “We have been impressed by the Horton team …

Hurricane Beryl got the respected team of researchers at Colorado State University to rethink its forecast for the Atlantic hurricane season, which has already seen three named storms. CSU’s Department of Atmospheric Science now calls for an “extremely active” total …

Federal prosecutors want former Georgia Insurance Commissioner John Oxendine to serve 44 months in prison and pay $700,000 in restitution after his guilty plea to health care fraud conspiracy. But Oxendine is urging the judge to reduce the penalty. “Mr. …

At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million, Progressive Insurance, in a separate case, has agreed to an $18.3 million settlement over allegations that its carriers failed to …

Due to a shock hazard, a California company is recalling nearly 1 million power adapters sold with sound machines marketed to help infants and young children sleep. The plastic surrounding the AC power adapter that was supplied with some of …

Houston is struggling through Hurricane Beryl’s chaotic aftermath, with blackouts, blocked roads, internet disruptions and spotty access to gas expected to linger well after the storm’s floodwaters recede. More than 1 million homes and businesses are likely to be without …

A Southern California wildfire that grew to be the biggest of the year is now at nearly 27,000 acres. The Lake Fire in Santa Barbara County erupted on Friday northeast of Los Olivos. An evacuation order was issued for an …

Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox released a new bulletin explicitly prohibiting insurers from discounting labor costs for depreciation when paying a homeowners insurance claim unless the insured has agreed in advance to the reduction …

Former USAA chief executive officer Josue “Joe” Robles Jr., 78, died July 4. In a post to X, the company said: “Joe was a soldier at his core, and his service included multiple deployments and several distinguished honors. General Robles …

Pennsylvania lawmakers should consider granting homeowners tax breaks for water damage expenses, mitigation and repair costs, and flood insurance premiums, according to a new state report. Those are several of the recommendations by a task force that studied ways to …

CLEVELAND (AP) — Authorities have suspended the search for a missing boater in Lake Erie after rescuing two others and pulling another person from the water who later died. The U.S. Coast Guard Great Lakes station said a distress call …

Hurricane Beryl has knocked out power for more than 2.3 million Texas customers, as of 10:27 a.m. Monday, based on estimates from PowerOutage.us and CenterPoint Energy. Outages are most extensive in the Houston area and coastal counties including Matagorda, where …

BATON ROUGE, La. (AP) — Louisiana Gov. Jeff Landry announced last week that Jay Grymes, the chief meteorologist for WAFB-TV in Baton Rouge, will serve as the new state climatologist. Among responsibilities in his role, Grymes will be tasked with …

This edition of International People Moves details appointments at the MGA Devonshire Underwriting and Generali Global Corporate & Commercial (GC&C), . A summary of these new hires follows here. Grant Joins MGA Devonshire Underwriting as Underwriting Manager Devonshire Underwriting, the …

A challenge to a Biden administration rule allowing socially conscious investing by employee retirement plans will present an early test of how courts will scrutinize federal regulations after the U.S. Supreme Court said they no longer have to defer to …

Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well as other areas of the country. Financial details …