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 …
California Workers’ Comp Board OKs Higher Pure Premium Rate Filing Read More »
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 across the globe, according to …
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B: Aon Read More »
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb-” (Fair) from “bbb-” (Good) of PrimeOne Insurance Company in Dallas, Texas, a wholly own subsidiary of PrimeOne Insurance …
AM Best Downgrades Credit Ratings of Texas’ PrimeOne Insurance Group Read More »
ALKEME has announced its acquisition of Crawford Insurance Group (CIG), a highly regarded personal and commercial insurance agency headquartered in Rochester Hills, Michigan. Founded in 2001, CIG serves clients across a wide range of personal and commercial insurance, both individual …
ALKEME Acquires Michigan’s Crawford Insurance Group Read More »
The Board of Directors for Capital Farm Credit recently supported the purchase of two crop insurance agencies in the Texas Plains Region in an acquisition agreement aimed at serving as a long-term provider of critical crop insurance policies. Bennett Crop …
Capital Farm Credit Acquires Two Texas Agencies Read More »
Microsoft reported a record-breaking 1,360 vulnerabilities in its products last year, an all-time high and an 11% increase over the previous record of 1,292 in 2022, according to new report from cybersecurity firm BeyondTrust. Microsoft Office vulnerabilities in particular nearly …
Microsoft Security Vulnerabilities Set Record High in 2024: BeyondTrust Read More »
Cyber crime syndicates that run multi-billion-dollar scam operations across Southeast Asia are still expanding despite recent law enforcement crackdowns, building links from Ireland to Mexico and reaching a potentially irreversible global spillover, the United Nations warned. The transnational criminal networks …
Crime Syndicates in Southeast Asia Go Global, Defying Crackdowns Read More »
FRANKFORT, Ky. (AP) — Kentucky’s auditor said Thursday that her office will investigate the state’s medical cannabis program after receiving complaints about the lottery system used to award highly sought-after licenses to grow, process and sell the medicinal products to …
Kentucky Auditor Announces Investigation of State’s Medical Cannabis Program Read More »
TALLAHASSEE, Fla. (AP) — Amid the abandoned chemistry notes and other debris left behind after a deadly shooting at Florida State University are lingering questions about how the stepson of a beloved sheriff’s deputy tasked with school safety at a …
Questions About How a Deputy’s Stepson Became the Accused Gunman at FSU Shooting Read More »
Applied Underwriters has spun-off United Risk as an independent, stand-alone operating company. United Risk, which was announced in November 2023, is a global property/casualty underwriting platform comprised of 28 different managing general agent (MGA) and underwriter (MGU) specialized insurance programs. …
Applied Underwiters Completes Spin-Off of United Risk Read More »
