The insurance industry has a long history of managing complex long-tail liabilities. In some cases, these liabilities grow so burdensome that they require specialized runoff solutions and as market conditions have evolved, so too have the shape of these runoff …
Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers Read More »
New Jersey’s acting attorney general said Tuesday she will not ask the state Supreme Court to review the dismissal of racketeering charges against Democratic power broker George E. Norcross III and those charged alongside him. The decision by Jennifer Davenport, …
State Drops Charges Against NJ Political Power Broker, Insurance Exec Norcross Read More »
A bill intended to combat insurance fraud by updating a 20-year-old law passed the Washington state senate this week on a unanimous vote. Senate Bill 6031, which defines insurance fraud as its own crime, a Class B felony, was pushed …
Insurance Fraud Bill Unanimously Passes Washington Senate Read More »
Jeanine Pirro, the U.S. Attorney for the District of Columbia, has filed a $250,000 negligence lawsuit against her suburban hometown north of New York City and a power utility after claiming she tripped and fell while out walking. Pirro said …
US Attorney for DC Pirro Sues Her NY Hometown for $250K Over Trip-and-Fall Read More »
Private equity firm Aquiline Capital said it has entered into a definitive agreement to sell independent insurance broker Relation to investment firm BayPine. Chicago-based Relation was ranked No. 24 in Insurance Journal’s Top 100 Independent Property/Casualty Agencies report with about …
Business Moves: BayPine to Acquire Broker Relation From Aquiline Read More »
Verisk’s fourth-quarter profit topped Wall Street expectations on Wednesday, with CEO Lee Shavel touting the quality of the firm’s proprietary data sets amid concerns around AI-driven disruption to the information services business model. The data analytics firm, which also provided …
Verisk Downplays AI Disruption Fears as Quarterly Profit Beats Estimates Read More »
An annual report for the Identity Theft Resource Center has found that there were a record 3,322 compromises of data in in the United States 2025, but there has been a significant decline in consumer notifications. According to ITRC’s Annual …
ITRC: Data-Breach ‘Transparency Is on Life Support’ Read More »
Inszone Insurance Services announced its expansion in Texas through the acquisition of Scarbrough, Medlin & Associates, Inc., a Dallas-based agency with more than four decades of experience serving commercial property clients. Scarbrough, Medlin & Associates was founded in 1981 by …
Inszone Acquires Texas’ Scarbrough, Medlin & Associates Read More »
Specialty Program Group LLC (SPG), an operator of specialty insurance distribution, underwriting, and consulting businesses, announced the acquisition of Logistiq Insurance Solutions and the subsequent integration of Logistiq with Anova Marine Insurance, a firm acquired by Specialty Program Group in …
Specialty Program Group Integrates Anova Marine and Logistiq Insurance Solutions Read More »
Two asphalt companies have agreed to pay $30 million total to resolve False Claims Act allegations that they submitted fraudulent test results to the Ohio Department of Transportation (ODOT) for federally funded asphalt projects in Ohio. Specifically, Kokosing Materials, Inc. …
Ohio Asphalt Companies to Pay $30M to Settle False Claim Act Allegations Read More »
