California Gov. Gavin Newsom will call for a crackdown on institutional investors buying up homes in the state during a speech Thursday, following a similar announcement by President Donald Trump. Newsom plans on saying he will work with local legislators …
Newsom Plans Crackdown on Corporate Homebuying in California Read More »
“Sustainable value creators” among the 100 largest property/casualty insurance carriers generated more than twice as much of their value through underwriting than through investment activities over a 20-year study period, according to a new analysis from ACORD. In addition, in …
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD Read More »
Bridge Specialty Group, a subsidiary of Florida-based Brown & Brown, Inc., has acquired the assets of Shoemaker & Besser, a managing general agent and wholesale insurance brokerage located in York, Pennsylvania. The announcement said that Shoemaker & Besser team will …
Bridge Specialty Acquires Pennsylvania Wholesale Broker Read More »
Louisiana Insurance Commissioner Tim Temple has approved Progressive Security Insurance Company’s request for a 6.6% average rate decrease on its over 270,000 private passenger auto insurance policyholders and Progressive Paloverde Insurance Company’s request for a 4% average decrease on its …
Progressive Approved for Personal Auto Rate Decreases in Louisiana Read More »
Blenheim Partnerships, part of the White Bear Group, today announces the launch of its specialty trade-related managing general agency. The MGA is backed by Blenheim Underwriting alongside other well-known markets, including some Lloyd’s syndicates. The launch follows the appointment of …
Blenheim Partnerships Launches Specialty Trade-Related MGA Read More »
Statera Managing Agency Ltd. announced it has received regulatory approval to act as a Lloyd’s managing agent. Statera will manage Syndicates 4242 and 1416, which currently underwrite specialty risks produced through its strategic relationship with Octave Ventures, a division of …
Octave Ventures’ Statera Gets Approval to Be Lloyd’s Managing Agent Read More »
A man who broke windows at Vice President JD Vance’s Ohio home and caused other property damage was detained early Monday, the U.S. Secret Service said. William D. DeFoor, 26, is facing federal charges for allegedly damaging government property, engaging …
Intruder Causes $28K in Damage at Vice President Vance’s Ohio Home Read More »
The EU Commission must take legal action to stop the “industrialization of sexual harassment” taking place on Elon Musk’s social media platform X, Germany’s media minister, Wolfram Weimer, told Reuters on Tuesday. With his comments, Weimer joins a chorus of …
German Minister Says EU Must Take Legal Steps to Stop Grok’s Sexualized AI Photos Read More »
Australia is bracing for catastrophic fire risk in parts of Victoria on Friday as the country swelters through its worst heat wave since the Black Summer bushfires in the summer of 2019 and 2020. Temperatures rose above 45C (113F) in …
Australian State Faces Catastrophic Fire Risk From Heat Wave Read More »
A US lawmaker is proposing legislation that would require manual door releases in new cars, a move to address growing safety concerns with the type of electrically powered handles popularized by Tesla Inc. The measure from Representative Robin Kelly, an …
Tesla Door Design Is Targeted by New US Automotive Safety Bill Read More »
