Ascendri Insurance Services, a new managing general agency, has launched to address high-value risks in catastrophe-exposed markets. Starting in California, Ascendri will provide excess & surplus homeowners coverage for homes with insured values up to $10 million, targeting a segment …
Abilene builder Gene Lantrip is on the front lines of Texas’ population boom, but a new force is making it harder to finish construction on homes. Data centers are poaching the electricians he needs to install light switches and wiring …
Prime Minister Keir Starmer’s decision last month to let the British military board ships of Russia’s so‑called “shadow fleet” has had no clear impact on the number passing through UK waters, a Reuters analysis shows. In the month after Starmer’s …
Japan and Korea insurers have shown unprecedented demand for M&As and strategic investments overseas in the past few years, targeting opportunities in both developed and emerging markets. While insurers from these two Asian economies have nuanced appetites and different capital …
The war in Iran is fueling a resurgence in maritime piracy off the coast of Somalia, according to a European Union naval force patrolling the region. There have been at least three confirmed hijackings in the past week alone, with …
An appeals court has reversed an $8.2 million defamation verdict awarded to Alabama politician Roy Moore, who sued a super PAC over a 2017 political ad detailing misconduct accusations against him. The panel of the 11th U.S. Circuit Court of …
Newport Specialty Partners, a new specialty insurance platform backed by Lovell Minnick Partners, announced that it has acquired Complex Coverage, Inc. (CCI), a managing general agency focused on homeowners and personal lines coverage in New York. The transaction is Newport’s …
A workers’ compensation claim has turned into accusations that the billionaire frontrunner in the Georgia governor’s race, a health care executive who has vowed to deport more immigrants, hired illegal immigrants to work on his property. Republican Rick Jackson, founder …
The California Department of Motor Vehicles on Tuesday adopted new regulations for autonomous vehicles, allowing manufacturers to test and deploy heavy-duty driverless vehicle technology on the state’s roads. Related: Tesla Avoids California Sales Halt Over Autopilot Marketing The new regulations …
GEICO leadership said this week that the company is working with Florida policyholders after a snafu inadvertently alerted people that their driver licenses had been suspended. The auto and property insurance company did not reveal details about what happened, only …