According to The Council of Insurance Agents & Brokers’ (CIAB) Commercial Property/Casualty Market Index, capacity for cyber insurance may be decreasing while demand is increasing, which could have driven cyber premium price increases of an average 27.5% during the first …
Top officials from California and New Zealand signed a pledge Friday agreeing to help fight climate change by sharing ideas and best practices, including how to put millions more electric vehicles on the road. Gov. Gavin Newsom, a Democrat, and …
A court settlement calls for the city of Baltimore to pay $300,000 to resolve claims that police officers planted drugs on a rapper known as Young Moose. The Baltimore Sun reports that the city’s spending board is poised to approve …
A nearly 30-year veteran of the Deschutes County Sheriff’s Office in Bend, Oregon, has filed a $2.5 million federal lawsuit against the county, the sheriff, and two private investigators for alleged civil rights violations and retaliation. In his lawsuit, Capt. …
Crews were making progress in stopping the nation’s largest active wildfire from spreading on Monday, the fourth straight day of warnings of extreme fire conditions in northern New Mexico. The nearly 8-week-old fire was surrounded by containment lines cut and …
A Charlotte-based investor has agreed to put $15 million into Monarch National Insurance Co., a subsidiary of FedNat Holding Co., a Florida property insurer group now going through restructuring after heavy losses in the last 12 months. Hale Partnership Capital …
Searchers recovered the bodies of three missing boaters Sunday after two vessels collided on a Georgia river, bringing the crash’s death toll to five people. One of the surviving boaters was charged with boating under the influence. Two people were …
Canopius Restructures Global Underwriting Operations With Senior Appointments Canopius Group, the London-based global specialty re/insurer, has reorganized its global underwriting operations into four key areas: specialty, short tail, reinsurance and casualty. As part of the reorganization, each of Canopius’s business …
Premium growth during the first quarter saw an average increase of 11%, which was supported by continued favorable pricing for commercial insurance lines and reinsurance business, according to a report from Gallagher Re. Underwriting results were strong with re/insurers posting …
Hurricane Agatha made landfall in Mexico’s Oaxaca state Monday afternoon in what’s expected to be the strongest May storm to hit the eastern Pacific on record. Agatha was already raking the Pacific coastline with damaging gusts and heavy rain early …
