The Hilb Group announced last week that it has successfully secured an approximately $2 billion round of financing to refinance its existing debt and expand its revolving credit and delayed draw term facilities. The financing will support Hilb’s continued acquisition …
Hawaiian Electric Industries formalized a $2 billion agreement to settle damage claims from a wildfire that razed the historic town of Lahaina and killed more than 100 people. The utility-owner had reached a tentative agreement in August in which it, …
New York Governor Kathy Hochul announced on Monday that up to $20 million is available for eligible homeowners in flood-prone areas to make proactive flood mitigation and energy-efficiency improvements to their homes. The money is the latest round of funding …
Republican James Brown was well ahead of Democrat John Repke in the race for the office of Montana Commissioner of Securities and Insurance, State Auditor. Brown had 67% of the vote with 196 precincts reporting in. Commissioner Troy Downing, who …
Democrat Patricia Kuderer was leading Republican Phil Fortunato in the bid to replace the nation’s longest serving insurance commissioner with 57% of the votes and 52% of the state’s ballots counted so far. Current Washington Commissioner of Insurance Mike Kreidler, …
The FBI on Tuesday warned Americans about two new fake videos falsely citing terror threats and voter fraud, the latest in a string of disinformation that officials expect will intensify as voters head to the polls on Election Day and …
Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead continue to be absorbed by primary insurance companies, he told analysts during …
All major commercial lines premium renewal rates were lower in October than in August, according to the latest monthly Ivans Index. Premium renewal rate change by line of business for October 2024 highlights include: Commercial Auto: 9.62%, down slightly from …
H.W. Kaufman Group, headquartered in Farmington Hills, Michigan, promoted 11 members of its North American team to new roles. The promotions include: Rich Gobler, promoted to executive vice president, Burns & Wilcox; from senior vice president. Manny Manuelidis, promoted to …