Germania Insurance announced the placement of its first catastrophe bond, issued through Handshake ReLtd., as part of the company’s broader reinsurance and capital management strategy. The transaction became effective Jan. 1, 2026. The catastrophe bond provides $100 million of per …
Germania Insurance Places First Cat Bond Through Handshake Re Read More »
The MEMIC Group announced the successful closing of its acquisition of The Dakota Group, including Risk Administration Services, Inc. and its affiliated service companies. The strategic combination positions MEMIC as the third-largest multi-state workers’ compensation specialist in the United States, …
The MEMIC Group Closes Acquisition of The Dakota Group Read More »
A bill that promises legislative reform in California to speed up disaster recovery for homeowners and renters through improved insurance coverage and expanded consumer protections was introduced on the anniversary of the Los Angeles wildfires. The Disaster Recovery Reform Act, …
California Bill Would Require Insurer Claims Handling Plans, And Double Penalties Read More »
The U.S. seized an empty Russian-flagged, Venezuela-linked oil tanker in the Atlantic Ocean on Wednesday as part of President Donald Trump’s aggressive push to dictate oil flows in the Americas and force Venezuela’s socialist government to become an ally. After …
Trump’s Oil Push Widens With Seizure of Russian-Flagged Tanker Linked to Venezuela Read More »
The plea was desperate: Help! Lorena Brown gasped for air on Sept. 12, 2022, turning blue, at the SKLD Muskegon nursing home. Her roommate called for help from a nurse. The response: “Mind your own business.” Using a washcloth, the …
Neglect, Abuse Common at Michigan Nursing Homes, Report Finds Read More »
Texas Insurance Commissioner Cassie Brown is retiring on Feb. 2 after more than four years overseeing the Texas Department of Insurance. Appointed by the governor, the Texas insurance commissioner oversees the regulation of the $293 billion Texas insurance market, the …
Texas Insurance Commissioner Brown Retiring Read More »
The new year may mark the last time Texas farmer LG Raun plants a rice crop. “I guess I’m going to be the one that’s going to screw up the tradition of growing Raun family rice,” said the third-generation producer, …
Trump Aims Bumper Aid at US Rice Farmers Facing Bleakest Outlook Read More »
The Baldwin Group, formerly Baldwin Risk Partners and based in Tampa, has named new leadership for its insurance advisory solutions section that handles retail property-casualty and benefits brokerage. Publicly traded Baldwin, which just closed a merger with CAC Group, announced …
After Merger with CAC, Baldwin Names Lynch, Two Others to Leadership Roles Read More »
Three Atlanta-based firms have merged, expanding insurance and financial services for small and medium-sized businesses, with growth plans for 2026. Partners Risk Services, an independent insurance brokerage in property/casualty, benefits and life products and formerly known as BWT Risk Advisors, …
Three Atlanta Firms Merge, Offering Range of Insurance and Financial Services Read More »
The National Rifle Association has sued its charity affiliate, alleging a “disgruntled faction of former NRA directors” has seized the affiliate to turn it into a competitor and misused nearly $160 million in NRA funds. The NRA’s lawsuit against the …
NRA Sues Charity Arm After Alleged Takeover by LaPierre Allies Read More »
