Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses, Guy Carpenter said the insured losses from the CrowdStrike outage is likely between $300 million and $1 billion. The leading …
Johnson & Johnson, a managing general agency working in 48 states, has acquired Strickland General Agency in Suwanee, Georgia, J&J announced. The deal closed July 31. Terms were not disclosed. Strickland, known as SGA, is a multi-line excess and surplus …
A scuba dive boat captain was ordered to pay about $32,000 in restitution to the families of three of the 34 people killed in a fire aboard the vessel in 2019. Jerry Boylan’s criminal negligence as captain of the Conception …
Marsh McLennan Agency, a business of Marsh and a leading provider of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions across North America, today announced the completion of its previously announced agreement to acquire …
Ryan Specialty, a publicly traded provider of specialty products for insurance agents, brokers and carriers, has agreed to buy US Assure Insurance Services of Florida, a company specializing in builder’s risk insurance. Based in Jacksonville and founded in 1977, US …
Firefighters have increased containment on the Park Fire near Chico, California, which at 621 square miles as of Friday is now the fourth largest wildfire in history. The fire, which covers parts of four counties—Butte, Plumas, Shasta and Tehama—has a …
The National Hurricane Center is keeping an eye on a tropical wave that could strengthen over the weekend, bringing heavy rain to parts of Florida. Gov. Ron DeSantis declared a state of emergency for 50 Florida counties ahead of the …
Former reality TV star Fredrik Eklund zips up and down Miami in a lilac Rolls-Royce with a turquoise interior, hunting for multi-million-dollar homes for the rich and powerful. That is, when he’s not stuck in the gridlock. Eklund, 47, is …
Ambac Financial Group said it has completed the acquisition of a 60% controlling stake in London-based Beat Capital Partners for about $282 million, up to $40 million of which will be paid in shares of Ambac common stock. The deal …
Boar’s Head Provisions was hit with a proposed consumer class action lawsuit in New York federal court on Thursday, a day after it expanded its recall to more than seven million pounds of deli meats and other products over concerns …