Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report. In the first six months of 2022, premiums topped $31 billion, and …
Keystone Insurers Group added Texas agency Allbright & Duncan to its growing network of agencies in the state. Based in Odessa, Allbright & Duncan’s specialties include general liability, auto, workers’ compensation, property, equipment, umbrella, builder’s risk, and more. Allbright & …
Two U.S. military veterans on Thursday sued 3M Co. to block its planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans for hearing damage caused by the company’s military-issue earplugs. The veterans said …
A 26-year-old worker at Louis Armstrong New Orleans International Airport was killed after an accident while unloading baggage from a Frontier Airlines flight, authorities said. The Jefferson Parish Coroner’s Office on Wednesday identified the victim as Jermani Thompson, of Reserve, …
Cotton production has been decimated by drought and extreme heat this year, costing Texas High Plains farmers and other agricultural industries at least $2 billion, according to one estimate. “There’s just not much crop out there,” said Brad Heffington, a …
On Aug. 29, the U.S. District Court in the Eastern District of Michigan awarded a default judgment, granting the proposed $10 million civil penalty against Diesel Ops LLC and Orion Diesel LLC of Waterford, Michigan. The violations the United States …
The family of an Oklahoma police officer killed when a truck struck the motorcycle he was riding while on duty is suing the driver and his employer. The wrongful death lawsuit, dated last Friday, on behalf of Edmond Officer C.J. …
RT Specialty, the wholesale insurance distributor of Ryan Specialty, has announced a new and exclusive excess cyber facility. This new facility brings additional capacity and creative insurance solutions to the cyber market. The new facility offers up to $15 million …
Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the sale of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd., the legacy specialist. The deal completes the company’s previously communicated objective to …
South Korea is bracing for the strongest storm in the nation’s history with Super Typhoon Hinnamnor forecast to hammer its southern coastal areas next week. The worst of the typhoon is forecast Monday or Tuesday when the weather system is …