The National Council on Compensation Insurance is recommending an average 8.4% cut in workers’ compensation rates for the Florida voluntary market – the seventh straight reduction and double the size of the decrease for last year. The recommendation, which will …
One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote Southern California rest stop earlier this summer, when thieves broke a lock and stole millions of dollars worth of jewelry and gemstones, …
Three months after Charlie Lydecker was appointed to the Florida Citizens Property Insurance Corp. Board of Governors, some are questioning that appointment after his involvement with another, highly criticized program that provides care for brain-injured children. The Miami Herald newspaper …
More than four grueling months and $300 million later, the federal government has declared the largest wildfire in New Mexico’s recorded history 100% contained, a notable milestone but just another step in what local residents and officials say will be …
A tanker truck hauling gasoline in Yellowstone National Park rolled over and spilled an estimated 4,800 gallons, officials said. An investigation was underway to determine whether any of the unleaded gas entered an area creek. The truck’s driver lost control …
CNA Hardy Taps Zurich’s Crew, Chubb’s Devenish for Management Liability Team CNA Hardy has appointed Edward Crew as senior technical underwriter, and Oliver Devenish, as underwriter, to the London/Lloyd’s Management Liability team. Based in London and working across both Lloyd’s …
Three years after a gas explosion ripped through a University of Nevada dormitory, hundreds of students will start moving into the remodeled building this week as a legal battle looms over more than $100 million in damages. School officials likened …
Highstreet Insurance Partners has acquired Michigan-based Paragon Underwriters. Paragon Underwriters is a program manager that focuses exclusively on attorneys and law firms. Highstreet. has now completed 125 transactions since forming the company in mid-2018. Paragon Underwriters is the 29th transaction …
AM Best estimates that traditional reinsurance capital will drop by roughly $40 billion to $435 billion at year-end 2022, after hefty jumps recorded in each of the prior three years. The projected 8.4% decline to $435 billion for 2022 from …
Arthur J. Gallagher & Co. today announced the acquisition of Alexandria, Louisiana-based Watkins Insurance & Benefits, LLC, dba Watkins Group — Insurance & Benefits Specialists. Terms of the transaction were not disclosed. Founded in 2008, Watkins Group offers employee benefit …