The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half a century is just beginning. With cargoes delayed for weeks if not months, the blockage could unleash a flood of …
A piece of California legislation to establish a statewide medical provider network for employees is raising a few eyebrows. Assembly Bill 1465 would require the administrative director of the state’s workers’ compensation system to establish a statewide medical provider network, …
Three attorneys and two law firms in Texas have been indicted on organized crime and other charges in relation to alleged workers’ compensation fraud. The indictments stem from Texas Division of Workers’ Compensation (DWC) Fraud Unit investigations that were referred …
Despite continued robust agency mergers and acquisitions activity, the number of independent insurance agencies has remained stable at 36,000, a number slightly below the last tally of 36,500 in 2018. That’s according to the 2020 Agency Universe Study from Future …
One person was killed after severe weather, including a tornado, caused damage in several communities in East Texas, authorities said. Widespread destruction across Panola County was reported, including damaged homes and downed trees, from Saturday evening’s severe weather, Sheriff Kevin …
U.S. Supreme Court justices on Monday struggled in a case involving Goldman Sachs Group Inc. over how judges should determine when shareholders can collectively sue publicly traded companies for fraudulent statements that keep their stock prices artificially high. The justices …
Grand Rapids, Mich.-based insurance broker, Acrisure, has launched a new Asset Management division that it says will further diversify the company’s portfolio as it continues to leverage artificial intelligence (AI) to drive its global distribution capabilities. Patrick Rogers has joined …
The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not cover them, industry …
E&S wholesale broker and managing general agency Risk Placement Services (RPS) has launched an insurance product for home-based businesses with AXIS Insurance that is available to purchase online. The quote-bind-issue Home Based Business product offers customized coverage designed specifically for …
Centauri insurance companies (Centauri Specialty Insurance Co. and Centauri National Insurance Co.) have sustained their financial stability rating of “A” (Exceptional) from Demotech, after being strengthened financially through its recent acquisition by Applied Underwriters, the company said in a statement. …