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Protect Your Packaging Business With the Right Insurance
[ad_1] Packaging businesses play a crucial role in supply chains across industries—from food and beverage to electronics and retail. Whether manufacturing packaging materials or acting as a broker, day-to-day operations come with complex risks. Transportation delays, raw material shortages, inflation, production disruptions, and equipment breakdowns are just a few challenges that can quickly impact profitability….
North Dakota governor signs bill to merge Department of Securities into Department of Insurance
[ad_1] The consolidation will also integrate the Securities Department, which employs ten full-time staff members, into the Insurance Department. North Dakota joins at least 16 other states that have combined oversight of insurance and securities under a single agency. This move follows similar efforts in other states, including South Dakota, which merged its regulatory departments…
Why M&A is booming in specialty insurance
[ad_1] Farrah Ata (pictured), a property and casualty insurance broker for Willis Towers Watson’s M&A practice, has had a front-row seat to these shifts. From automated manufacturing to cyber benchmarking tools, her work reveals how insurers are building tailored verticals for risk lines that didn’t exist ten years ago – and using that infrastructure to…
Marsh unveils service for data center operators
[ad_1] Marsh’s new service includes a portfolio of insurance products tailored to data center needs. These cover standard property damage, business interruption, construction risks, and physical cyber events. In addition to insurance coverage, Marsh offers risk assessment services to help clients evaluate vulnerabilities and implement measures aimed at reducing potential losses. [ad_2] Source link
Zurich, RSA, Lloyds underwriters ordered to hand over documents to Chevron
[ad_1] However, during the hearing, Zurich disclosed that approximately 15 to 20 employees handled war-risk claims. Judge Corley directed the primary insurers to query those individuals about any prior claims involving vessel seizures, captures, or detainments, and to share their findings with Chevron. [ad_2] Source link
Rising recall events challenge insurers — Sedgwick
[ad_1] In the first half of 2025, recalls totaled 1,636, slightly down from 1,697 in the same period of 2024. Units affected fell to 211.25 million, compared to 384.17 million a year earlier, the lowest half-year figure in a decade. For insurers, this reflects reduced exposure to large-volume losses but continued pressure from the rising…