Brown & Riding, headquartered in Dallas, Texas, named Lauren Root as vice president of its national property practice. Based in the firm’s Houston, Texas, office, Root specializes in property and inland marine coverage with expertise in catastrophe-exposed risks. Root most …
People Moves: B&R Welcomes New Vice President to National Property Practice Read More »
W.R. Berkley Corp. announced the formation of Berkley Edge, a new business providing professional liability and casualty insurance for small to mid-sized businesses. Berkley Edge will focus on hard-to-place and distressed risks, offering coverage exclusively through wholesale brokers. “We are …
W.R. Berkley Forms Professional Lines Unit, Berkley Edge; Names Secor as President Read More »
Four major heat waves, dry conditions and strong winds have turned Europe into a tinderbox this summer, fueling the most destructive wildfire season in nearly two decades. Blazes have scorched about 8,948 square kilometers (3,455 square miles) across the European …
Europe’s Wildfires Have Burned the Most Land in Nearly 20 Years Read More »
Albert Geraci, area president of wholesale broker Risk Placement Services, has taken the helm as president of the Florida Surplus Lines Association. He replaces Virginia Clancy, who was in the role for 2024-2025. “This year, we will continue to focus …
People Moves: Geraci Takes Helm at FSLA, McCleary Named SVP at Alliant Read More »
Renaissance, a network of independent insurance agencies, has acquired the agency network business of Evolution Partners, a California-based membership group that helps independent insurance agencies secure direct appointments with insurance carriers. According to a press release, the arrangement gives Evolution …
Renaissance Acquires Business of Evolution Partners Read More »
Regulators have approved another new property insurer for the Florida market – Vision Insurance Exchange – led by former Florida Peninsula Insurance CEO Roger Desjadon. The Cape Coral-based Vision is the 15th property-casualty firm to set up shop in Florida …
Another Carrier, Vision Insurance Exchange, Sets Up Shop in Florida Read More »
Managing general underwriter Ryan Financial Lines has expanded its national Insurance Agents & Brokers E&O Program, now offering an admitted product that is available to retail agents in most states. The enhanced program is tailored for property/casualty, personal lines, and …
Markets/Coverages: Ryan Expands E&O Program for Small, Medium Insurance Agents Read More »
A group of marijuana dispensaries in New York sued the state on Friday after cannabis regulators admitted they accidentally allowed pot shops to open too close to schools, putting the future of the businesses in jeopardy. The lawsuit asks a …
New York Marijuana Shops Sue State Over Mistaken Openings Too Close to Schools Read More »
CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that governments, hospitals, doctors …
CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules Read More »
A judge on Monday fined Qantas Airways 90 million Australian dollars ($59 million) for illegally firing more than 1,800 ground staff at the start of the COVID-19 pandemic. The penalty is in addition to the A$120 million ($78 million) in …
Qantas Airways Fined $59M for Illegal Pandemic Layoffs Read More »
