Steve Menzies, founder and chairman of Applied Underwriters Inc., is a busy man. Since he reacquired his company from Warren Buffett’s Berkshire Hathaway in 2019, he has been buying businesses, creating new subsidiaries, welcoming new teams of professionals and growing …
Swiss Re reported consolidated net income of USD 333 million in the first quarter of 2021, despite heightened losses in its life and health reinsurance business related to COVID and property and casualty reinsurance losses from U.S. catastrophes. The company …
The wife of a Spokane County, Wash., man killed by his neighbor is suing Spokane County, alleging a sheriff’s deputy’s negligence allowed the killing to happen. The lawsuit filed in March in Spokane County Superior Court says David Cholewinski, Benjamin …
A firefighter was injured on April 29 during a large fire at a chemical plant in eastern Missouri that forced evacuations in nearby neighborhoods. Fire personnel responded to the scene at the Manor Chemical Plant in Affton, where the fire …
Violent spring storms packing high winds and large hailstones in Texas and Oklahoma on April 28 likely caused $3.5 billion in damage, according to Accuweather.com. Additionally, the National Weather Service confirmed an EF-1 Tornado was included within a wide swath …
Florida lawmakers passed two bills on the last day of their 2021 legislative session that make major changes to the state’s auto and property insurance markets. The action follows weeks of back-and-forth debate on the actions between the House and …
Neptune Flood, an AI-driven flood insurance provider, has expanded its capacity through a new program sponsored by Transverse Insurance Group and backed by a panel of global reinsurers, which was placed through Acrisure Re (formerly Beach & Associates). Neptune policies …
President Joe Biden has approved federal disaster aid for eight Alabama counties where tornadoes and strong winds caused damage over two days in March, the White House said Monday. Biden approved assistance that can include grants for repair and temporary …
The pilot of a Duke Energy helicopter was killed Wednesday when the aircraft went down in a wooded area while surveying power lines, officials said. Spokesman Jeff Brooks confirmed late Wednesday night that the pilot was killed, but he provided …
Business travelers are eager to travel again for work and life, but most remain concerned at the same time about contracting COVID-19 and favor extra precautions. They are also concerned that their lack of travel has hurt their business relationships, …