In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for tourists. Weeks before …
Highways Baking at 158F Signal a Red-Hot Summer From China to the US Read More »
After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought …
European Utilities Rush to Hedge Against Acute Wind Drought Read More »
As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
When a Neighborhood Floods, Foreclosures Often Follow Read More »
When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …
Size of Florida’s Slide Insurance Exec Compensation Has Tongues Wagging Read More »
The Oregon Occupational Safety and Health Division fined Hillsboro-based Renner Trucking and Excavating Inc. $80,804 for repeatedly violating rules intended to protect workers from trenches caving in. Oregon OSHA issued a citation to the company on May 12 following an …
Oregon OSHA Fines Contractor for Repeatedly Violating Excavation Safety Rules Read More »
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Velocity Specialty Insurance …
AM Best Upgrades Velocity Specialty Insurance After Acquisition by FM Read More »
This post is part of a series sponsored by Old Republic Surety. “We’ve targeted tight turnaround times from submission to approval using Old Republic Surety’s (ORS) FastBond process — the faster, the better,” says Todd Taylor, CPCU, AFSB. As an …
The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since Q2 2020, according to investment banking and financial consulting firm OPTIS Partners. The total number of insurance agency M&As during first-quarter 2025 was …
Q1 Has Lowest Insurance Agency M&A in 5 Years; Mega Deals Coming? Read More »
By Chad Hemenway According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the first quarter of 2025 rose by 4.2%–down 22% from the last three months of 2024 and …
Q1 Shows ‘Clear’ Signs of Commercial P/C Softening, Says CIAB Read More »
