Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2 billion book to Nationwide, according to Markel Group and Nationwide in separate announcements on Wednesday. Neither company disclosed financial terms of the deal. Markel …
Markel Insurance Selling Reinsurance Renewal Rights to Nationwide Read More »
A federal judge temporarily blocked on Monday Arkansas’ first-in-the-nation law that would have prohibited pharmacy benefit managers from owning pharmacies in the state. U.S. District Judge Brian Miller issued a preliminary injunction against the law restricting pharmacy benefit managers, who …
Court Blocks Arkansas Ban on Pharmacy Benefit Managers Owning Pharmacies Read More »
Avatar MGA Ltd., a next generation managing general agent (MGA), has received Lloyd’s coverholder and UK regulatory approval to begin binding business from Aug. 1, 2025. The US D&F property-focused MGA is backed by three market-leading syndicates at Lloyd’s, the …
US Property-Focused-MGA Avatar Launches in UK, Led by Clapham From Aon Read More »
This post is part of a series sponsored by Expert Insured. Managing General Agents (MGAs) in the Property & Casualty (P&C) insurance space are under increasing pressure to scale, comply, and remain competitive. Between manual processes, compliance demands, and producer …
Top 5 Challenges Facing P&C Insurance MGAs and How an AMS Can Help Read More »
Strong storms that brought hurricane-force winds to an area stretching from the Upper Plains to the Midwest have been preliminarily classified by the National Weather Service as a derecho, defined as a long-lived line of storms with extreme winds. The …
Strong Storms in Upper Plains and Midwest Damage Buildings, Cause Power Outages Read More »
Even today, more than five years later, residents still talk about the fire. The chemical facility burned for three days, leaked toxic runoff into the waterways, forced schools and businesses to close and prompted a shelter-in-place order for everyone in …
Potential Removal of Petrochemical Watchdog Puts Texans at Risk, Critics Say Read More »
On July 23, 2025, the White House released its policy document entitled Winning the Race: America’s AI Action Plan. The Action Plan provides a thorough analysis of strategies, measures, and potential concerns to guide the future development of AI. It …
Viewpoint: ‘AI Action Plan’ Does Not Address AGI, Superintelligence, or Alternate Intel Read More »
The women-only U.S. dating advice app Tea has suspended direct messaging following a series of security breaches that exposed its users’ personal details and sensitive communications, the company said on Tuesday. In a series of posts to TikTok, Tea Dating …
Dating Advice App Tea Suspends Messaging After Breaches Read More »
From roof-mounted solar panels and automated warehouses to electric vehicle depots, green technologies are transforming commercial property risk profiles. While these innovations improve energy efficiency and sustainability, they also introduce new challenges: including fire hazards from solar photovoltaic (PV) systems, …
Viewpoint: Green Technologies Bring New Property Risks – and Opportunities Read More »
Risk Strategies acquired the assets of Santa Fe, New Mexico-based firms Zia Insurance Services, Tyra Enterprises Inc. and Capitol Insurance Services Inc. The firms will become part of the Risk Strategies West Region, and report to Pat Roth, west region …
Risk Strategies Acquires Assets of 3 New Mexico Firms Read More »
