Fitch Ratings has revised its outlook for the global reinsurance sector to “deteriorating” for 2026 from “neutral” for 2025, reflecting its expectation that underlying operational and business conditions are likely to worsen, “although they will remain overall favorable for reinsurers …
Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition Read More »
A Kentucky man entered a guilty plea to conspiring to defraud the U.S. Mine Safety and Health Administration (MSHA) in relation to an underground fire that occurred in the MC#1 Mine in Franklin County, Illinois, in August 2021. According to …
Man Pleads Guilty to Conspiring in Illinois Underground Mine Fire Fraud Read More »
Workers at the Texas Department of Transportation have begun responding to calls to remove debris and abandoned vehicles from West Texas roads and extinguish vehicle fires. They also change flat tires and jumpstart car batteries. The program, launched in Midland …
Texas Program Aims to Reduce Car Crashes and Fatalities in Permian Basin Read More »
A multi-vehicle crash Saturday on an East Texas interstate sent 17 injured people to area hospitals and shut down a major interstate for hours. None of the injuries appeared to be life threatening after the crash along Interstate 20 involving …
Multi-Vehicle Crash in East Texas Injures 17 Read More »
Landmark Dodge, Inc., and Landmark South, Inc. (Landmark Dodge), the owners of automobile dealerships in Independence, Missouri and formerly in Belton, Missouri, will pay $275,000 and furnish other relief to settle a U.S. Equal Employment Opportunity Commission (EEOC) lawsuit, the …
Missouri Auto Dealership to Pay $275K in Sex Discrimination Case Read More »
A slew of companies across sectors ranging from crypto to consumer launched U.S. IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump’s tariffs started to recede. Analysts say the window …
IPO Floodgates Open for Fall Season as Trump Tariff Worries Ease Read More »
A U.S. judge on Tuesday dismissed an antitrust lawsuit accusing 10 large banks of conspiring to rig corporate bond prices at the expense of ordinary investors, after the original judge recused himself because his wife owned stock in one of …
Ten Big Banks Defeat Antitrust Lawsuit in Over Bond Trades Read More »
Marsh, a business of Marsh McLennan, announced the extension of its Nimbus insurance facility for the construction of large-scale data centers across the US, as well as in Canada, New Zealand, and Australia. Launched in June and initially covering the …
Markets/Coverages: Marsh Extends Nimbus Data Center Facility to US Projects Read More »
Florida Insurance Comissioner Michael Yaworsky this year has levied more than $2 million in fines against 8 property insurance companies over claims-handling practices flagged by recent market conduct examinations. Three of the companies, American Coastal Insurance, American Mobile Insurance, and …
Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements Read More »
Marsh McLennan Agency, part of Marsh and with offices in New York and around the country, has acquired Robins Insurance of Nashville. The agency, on the cusp of celebrating 50 years in operation, offers business and personal lines coverage in …
Marsh McLennan Agency Acquires Robins Insurance in Nashville Read More »
