The Vermont Department of Economic Development reported the state licensed a total of 38 new captive insurance companies in 2023, making it now home to 659 captives. That growth made 2023 one of the best years since Vermont licensed its …
Hawaii lawmakers convened this week for the first time since the burning of historic Lahaina awakened the state to the deadly and costly threat posed by wildfires in an age of climate change. The tragedy refocused the attention of lawmakers. …
War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen’s Houthi movement and the expectation that ships with a UK or U.S. connection will be targeted, insurance sources said on …
Trucking companies Werner Enterprises, Inc. and Drivers Management, LLC must pay $335,682 to a deaf truck driver months after an Omaha, Nebraska jury found in favor of the U.S. Equal Employment Opportunity Commission (EEOC) on disability discrimination claims, a federal …
The Houston Independent School District (HISD) violated federal law when it paid female senior Career & Technical Education (CTE) program specialists lower wages than male senior CTE program specialists for performing substantially equal work based on their sex, the U.S. …
The Texas power grid operator asked residents to conserve power a second time this week as a blast of cold weather plummeted temperatures well below freezing for much of the state. This new conservation request is from 6 a.m. to …
The Wisconsin Office of the Commissioner of Insurance (OCI) announced the appointment of Rebecca Easland to serve as Deputy Commissioner. Deputy Commissioner Easland most recently served as Senior Policy Advisor with the International Association of Insurance Supervisors (IAIS). During her …
Arthur J. Gallagher & Co. announced that its reinsurance division, Gallagher Re, has acquired Toronto, Ontario-based MGB Re (MGB). Terms of the transaction were not disclosed. MGB provides reinsurance solutions to health maintenance organizations (HMOs), managing general underwriters (MGUs) and …
Brown & Brown Europe’s wholesale and specialty brokerage group, Bridge Specialty International, announced it has agreed to acquire Acorn International Network Pte Ltd., a Singapore-based insurance broker. The transaction is expected to be completed in the first quarter of 2024, …
Agents continue to favor carriers and MGAs that offer automation, ranking ease of doing business and time savings at the top of the list of value they get from connectivity, according to a newly released survey by Ivans. The annual …
