U.S. commercial insurance rates went up again in the first quarter 2025, according to the latest findings from WTW’s Commercial Lines Insurance Pricing Survey (CLIPS). Carriers reported an aggregate price increase of 5.3% during the first three months of 2025 …
US Commercial Lines Prices Up 5.3%, Continue Downward Trend: WTW CLIPS Read More »
President Donald Trump’s nominee to head the Federal Aviation Administration said on Tuesday that the 85 near-miss incidents at Reagan Washington National Airport since 2021 were unacceptable. On January 29, a Black Hawk helicopter collided with an American Airlines regional …
Trump FAA Nominee Calls Near-Miss Incidents at DC Airport Unacceptable Read More »
Florida-based insurance brokerage King Risk Partners announced it has acquired Cameron Group, Inc., an independent insurance agency located in Nanuet, New York. Cameron Group serves New York, New Jersey, and Connecticut with personal and commercial insurance. The Cameron acquisition is …
King Risk Partners Enters New York With Acquisition of Cameron Group Read More »
Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the invasion of Ukraine, a UK judge ruled potentially leaving insurers on the hook for billions in payouts. The verdict comes …
Insurers Must Pay Up for Jets Seized by Russia, UK Judge Rules Read More »
The US Food and Drug Administration said more than 20 million eggs have been recalled after 21 people were hospitalized with salmonella. The eggs, distributed by the August Egg Company, were sold to retailers including Walmart Inc. and Safeway Stores …
Millions of Eggs Recalled After Dozens Sickened With Salmonella Read More »
Apollo Global Management Inc. said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years. Australia’s superannuation system, which will be the world’s second-largest pension by 2030, and Japanese savers that …
Apollo to Tap Rich, Retail Clients in Asia for Asset Growth Read More »
Aurora, the London-based digital managing general agent, has launched a property owners insurance product, aiming to enhance the way brokers access and place property risks. The new product, backed by Lloyd’s, leverages Aurora’s digital insurance platform and real-time data enrichment …
Markets/Coverages: MGA Aurora Launches Lloyd’s-Backed Property Insurance Offering Read More »
The U.S. Department of Labor has recovered $101,690 in back wages and damages owed to 31 employees of a Houston plumbing contractor who paid them a salary but failed to pay an overtime premium for hours over 40 in a …
Houston Plumbing Contractor to Pay $101K in Back Wages Read More »
A salmonella outbreak linked to a large egg recall has made dozens of people sick in seven states in the West and Midwest, federal health officials said Saturday. The August Egg Company recalled about 1.7 million brown organic and brown …
Salmonella Outbreak Tied to Egg Recall Sickens Dozens Across 7 States Read More »
Proliferating conflict zones are an increasing burden on airline operations and profitability, executives say, as carriers grapple with missiles and drones, airspace closures, location spoofing and the shoot-down of another passenger flight. Airlines are racking up costs and losing market …
Expanding Missile Threats and Airspace Closures Are Straining Airlines Read More »
