Security First Insurance, ranked as the 15th largest property insurer in Florida earlier this year, announced it has filed for an 8% average statewide rate decrease for thousands of homeowners policies, making it the latest carrier to follow through on …
Security First the Latest Florida Carrier to Announce HO Rate Decreases Read More »
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court. J&J is facing approximately 73,570 suits …
J&J Talc Cancer Suits Rise 17% After Failed Settlement Push Read More »
Virginia’s lawsuit against TikTok and its China-based parent company ByteDance Ltd. will move forward in state court, despite TikTok’s efforts to have it dismissed. Richmond City Circuit Court Judge Richard B. Campbell ruled on October 24 that the case brought …
Virginia’s Lawsuit Against TikTok Gets Green Light to Proceed in State Court Read More »
U.S. Transportation Secretary Sean Duffy warned that he is about make good on a threat to revoke millions in federal funds for California because he says the state is illegally issuing commercial driver’s licenses to noncitizens. In an appearance on …
Transportation Secretary May Pull $160M From California Over Noncitizen Truck Licenses Read More »
A commercial truck driver who is charged with killing three people in a deadly crash in Florida in August had failed a commercial driver’s license test 10 times in the span of two months in 2023 in Washington state, before …
Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG’s Office Says Read More »
Wright National Flood Insurance Company said its affiliate, Wright National Flood Insurance Services, an operating company of Arrowhead Programs, has entered into an agreement to acquire the assets of Poulton Associates. Poulton, one of the top providers of private flood …
Wright Flood’s Buy of Poulton Associates to Create Largest Flood Insurance Provider Read More »
Australia’s AUB Group said on Tuesday it had granted Swedish private equity EQT exclusive access to its books after receiving a takeover offer which values the insurance broking company at A$5.25 billion ($3.41 billion). Under the proposal, EQT is offering …
Swedish PE Firm EQT Offers to Buy Australian Insurance Broker AUB in $3.4B Deal Read More »
Last Christmas, the tanker Yug cruised out of the Chinese port of Qingdao after offloading 2 million barrels of sanctioned Iranian oil. Near the Arctic, a vessel carrying Russian crude churned through icy seas, bound for India. Six thousand miles …
Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing Read More »
Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU). Terms of the deal were not disclosed. SSRU is a managing general underwriter (MGU) based in Toronto, Canada, …
Ryan Specialty Agrees to Acquire Canadian MGU Stewart Specialty Risk Underwriting Read More »
Europe may soon get its first exchange-traded fund based on catastrophe bonds. An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and chief executive officer of King Ridge Capital Advisors. “This is an opportune …
Ex-PIMCO Executive Plans to Launch Europe’s First ETF Based on Catastrophe Bonds Read More »
