July 6, 2023
Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January renewals. At the same time, prices saw some moderating trends while reinsurers continued to maintain underwriting discipline, according to reports …
July 6, 2023
A New Jersey business is not liable for injuries suffered by a customer who falls in its snow-covered parking lot in the middle of a snowstorm, before the lot can be cleared. A Costco Wholesale store in North Plainfield, and …
July 6, 2023
Georgia-based Oakbridge Insurance Agency, one of the largest independent agencies in the country, has continued its growth with the acquisition of JHA Risk Management agency in North Carolina. JHA, based in Rocky Mount, specializes in personal and commercial property and …
July 6, 2023
Lockton Adds Jainchill as U.S. Cyber & Technology Product Leader Lockton in New York, N.Y has hired Chuck Jainchill as its U.S. cyber and technology product leader. Jainchill joins Lockton after 16 years at AIG, where he most recently served …
July 6, 2023
Globs of asphalt binder that spilled into Montana’s Yellowstone River during a bridge collapse and train derailment could be seen on islands and riverbanks downstream from Yellowstone National Park a week after the spill occurred, witnesses report. Officials with the …
July 6, 2023
Churchill Downs is extending Hall of Fame trainer Bob Baffert’s suspension through 2024, keeping the two-time Triple Crown winner from entering horses in the Kentucky Derby and other races for an additional year. Churchill Downs Inc. announced Monday it was …
July 6, 2023
State investigators were on site Monday at a North Carolina amusement park after a crack was discovered on a support beam on one of their popular roller coasters. Tommy Petty, chief of the state Department of Labor’s Amusement Device Bureau, …
July 6, 2023
The cyber insurance market potential is huge, with premiums likely to exceed $50 billion by 2030, according to a new report by global insurance broker Howden. With the potential to rival major P&C lines, future growth will be centered on …
July 6, 2023
U.S. auto safety regulators said on Thursday they are seeking updated responses and current data for an ongoing probe into 830,000 Tesla vehicles and the automaker’s advanced driver assistance system Autopilot. The National Highway Traffic Safety Administration (NHTSA) sent Tesla …
July 6, 2023
Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has been approved as a Lloyd’s coverholder. Coverholder status will allow Specialty MGA UK to be given binding authority by Lloyd’s …