Global natural catastrophes had an insured price tag of more than $53 billion during the first quarter of 2025 – claims driven by California’s wildfires of approximately $38 billion, or 71% of total insured losses, according to Aon’s Q1 Global …
The Workers’ Compensation Insurance Rating Bureau of California’s governing committee on Wednesday voted to authorize the WCIRB to submit a September 1, 2025 Pure premium rate filing on average 11.2% percent above the average approved September 1, 2024 advisory pure …
Walgreens has agreed to pay $300 million to settle U.S. prosecutors’ allegations that it illegally filled millions of invalid prescriptions for opioids and other controlled substances, the U.S. Justice Department said on Monday. The money, plus 4% interest annually, will …
Relation Insurance Services acquired the assets of True-Course Aviation Services Inc. in Camarillo, California. Aejandro Galioto, owner of True-Course, will continue to lead the firm and spearhead the expansion of Relation’s dedicated aviation insurance practice. True-Course offers aviation risk services. …
An Alaska Native man who maintained his innocence in the 1997 killing of a white teenager has agreed to an $11.5 million settlement with the city of Fairbanks after alleging police acted with a racial bias in a case in …
Starkweather & Shepley Insurance Brokerage, Inc. (S&S) has acquired AiK2 Insurance Services, a New Jersey-based firm specializing in business insurance for wealth and asset managers. As part of the acquisition, AiK2 will rebrand under the Starkweather & Shepley name, combining …
The arsonist who broke into the Pennsylvania governor’s residence while Gov. Josh Shapiro and his extended family slept upstairs on the first night of Passover encountered little resistance as he scaled a security fence, smashed windows with a hammer, ignited …
A south Florida insurance broker is awaiting sentencing after pleading guilty last week to a $134 million scheme that fraudulently enrolled thousands of people in Affordable Care Act health insurance plans. Dafud Iza, 54, of Pembroke Pines, signed a plea …
Transatlantic Underwriters, a specialized wholesale brokerage for trucking and transportation insurance, is making a limited move into broader property-casualty coverage. The Marietta, Georgia-based firm, founded in 1989, introduced six new lines of business, including commercial general and excess liability; commercial …
A U.S. appeals court on Monday revived a proposed data privacy class action against Shopify, a decision that could make it easier for American courts to assert jurisdiction over internet-based platforms. In a 10-1 decision, the 9th U.S. Circuit Court …