XL Specialty Insurance pursues shipping giants for $1.6 million pharma cargo loss

XL Specialty Insurance pursues shipping giants for $1.6 million pharma cargo loss

[ad_1] According to the complaint, the cargo was loaded in good order and condition at Nhava Sheva and Hyderabad, India, and was intended for delivery in Savannah, Georgia, and Memphis, Tennessee. On or about August 28, 2024, the complaint states, numerous containers and their cargoes fell overboard from the M/V MSC ANTONIA and were lost…

Zurich sues after firms discard key evidence in D.C. fire claim

Zurich sues after firms discard key evidence in D.C. fire claim

[ad_1] On August 18, 2025, American Zurich Insurance Company filed a lawsuit in the US District Court for the District of Columbia against Petra Development, LLC and Flood Doctor, LLC, trading as Flood Masters. Zurich insured the real property at 1363 Peabody Street, NW, Washington, D.C. 20011, where a fire broke out on February 27,…

FM unit secures license as insurer in Brazil

FM unit secures license as insurer in Brazil

[ad_1] Monica Yasutomi, operations senior vice-president and Latin America operations manager at FM, said the company would bring its philosophy of partnership, along with its capital, research, and engineering expertise, to Brazilian businesses to support resilience and protection. She described the move as a strategic step in FM’s long-standing presence in Latin America and noted…

The Best Insurance Companies to Work for in the USA | Top Insurance Employers

The Best Insurance Companies to Work for in the USA | Top Insurance Employers

[ad_1] Details matter for the best insurance companies to work for in America. In the current era, employees have options to move and are empowered to voice dissatisfaction as they deal with a hard market, rising prices, and relentless sales quotas. “It’s important to understand we’re still in a competitive labor market and you have…

Re/insurers post record profits despite slowing growth – Aon

Re/insurers post record profits despite slowing growth – Aon

[ad_1] Drawing on its findings, Aon is advising clients to consider five key strategies to improve relevance and competitiveness: redefining growth strategy, aligning capital with strategy, investing in data-driven decision-making, understanding client and channel needs, and rethinking talent strategy for future market cycles. [ad_2] Source link

AXA XL names Eric Judd executive underwriter for energy in Americas

AXA XL names Eric Judd executive underwriter for energy in Americas

[ad_1] Katherine Gerber, AXA XL’s head of energy transition, said, “Our capabilities and commitment to helping clients address energy risks has been well received, and having Eric onboard only strengthens our ability in helping clients navigate through complex risks.” [ad_2] Source link

Revealed – America’s top insurance employers of 2025

Revealed – America’s top insurance employers of 2025

[ad_1] The Top Insurance Employers report is one of IBA’s most eagerly anticipated special features, highlighting firms that go above and beyond to provide supportive, engaging, and rewarding environments for their teams. In an industry facing intense competition for talent, these organizations are standing out by investing in people-first cultures, career development, and inclusive practices….

Florida homeowners insurance improving as carriers’ appetites grow

Florida homeowners insurance improving as carriers’ appetites grow

[ad_1] Despite these developments, more approved homeowners multiperil rate increases than decreases have taken effect since the start of the year, with 25 increases and 15 decreases. The OIR reported that, since the start of last year, 27 companies have filed for a rate decrease and 41 have requested either no change or a 0%…

Marsh expands global aviation and space leadership team

Marsh expands global aviation and space leadership team

[ad_1] “The global aviation and space industry is navigating an increasingly complex world of risk, ranging from supply chain disruption and cyber threats, to burgeoning regulation and climate obligations,” George said. “With Marsh’s deep bench of expertise, we are well-placed to support our clients as they plan for the next chapter in aviation and space…

Progressive challenges liability in Missouri trucking crash lawsuit

Progressive challenges liability in Missouri trucking crash lawsuit

[ad_1] According to the complaint, Walter Montejo was driving a tractor-trailer when the collision occurred at about 2:21 p.m. The crash resulted in bodily injury and property damage to several parties, with two wrongful death claims also in play. Lawsuits have been filed by Rudolph Colin and Jacob Helms (Case Number 25BA-CV02498), and by John…

Kinsale challenges wrongful death coverage after fatal shooting claim

Kinsale challenges wrongful death coverage after fatal shooting claim

[ad_1] The estate’s wrongful death lawsuit was filed in the Eleventh District Court, McKinley County, State of New Mexico, on January 19, 2024, under the caption Cooley v. Palacios et al., Case No. D-1113-CV-2024-00034. Tribe Security Service is insured under Commercial General Liability Policy No. 0100160668-2, issued by Kinsale Insurance Company, with effective dates from…

Cargo theft at record highs: What brokers need to know

Cargo theft at record highs: What brokers need to know

[ad_1] High-demand commodities lead the hit list Food and beverage shipments remain the top target for criminals, with 180 incidents reported in Q2 2025 alone, a 68% year-over-year increase, according to CargoNet. Alcohol, energy drinks, and frozen meat are perennial favorites for cargo thieves because they can be consumed quickly, leaving little trace for investigators,…

ALKEME Insurance picks up yet another brokerage

ALKEME Insurance picks up yet another brokerage

[ad_1] Founded in 1902, SFD Insurance has served families and businesses in Marion, Cedar Rapids, Hiawatha and Iowa City for more than a century. Led by third- and fourth-generation principals Scott Stephens (president) and Spencer Stephens (vice president), the agency offers personal and commercial insurance, including home, auto, business and specialty lines. [ad_2] Source link

Appeals court upholds Trump fraud finding – slashes penalties

Appeals court upholds Trump fraud finding – slashes penalties

[ad_1] Still, the decision leaves open a potential appeal to New York’s highest court, a path that Attorney General Letitia James may pursue. James, who brought the civil case, has repeatedly described Trump’s conduct as “lying, cheating, and staggering fraud.” Her office had no immediate comment. [ad_2] Source link

Hadron completes acquisition of GCNA

Hadron completes acquisition of GCNA

[ad_1] The deal provides Hadron with licensing in all 50 US states, Washington, D.C., and Puerto Rico, as well as a Certificate of Authority from the US Department of Treasury to issue federal surety bonds. These approvals expand the company’s admitted product capabilities and strengthen its position in the delegated authority space. [ad_2] Source link

US life insurers report solid Q2 results amid market stability – Moody’s

US life insurers report solid Q2 results amid market stability – Moody’s

[ad_1] In Q2, Voya Financial and Blue Owl Capital launched a partnership to develop private markets products for defined contribution plans, while Manulife announced an agreement to acquire 75% of Comvest Credit Partners, expanding its private credit capabilities by $14.7 billion. These moves follow earlier collaborations between insurers and investment managers, reflecting the convergence of…

Kinsale Insurance pushes Colony to cover $400k construction lawsuit costs

Kinsale Insurance pushes Colony to cover $400k construction lawsuit costs

[ad_1] Here’s what happened, according to the complaint. On or about October 17, 2018, Dennis and Kimberly Stover entered into a contract with Phoenix Pools & Spas, Inc. for the construction of a new zero edge pool, spa, outdoor structure including a bathroom, retaining wall, pool equipment room, surge tank, and new landscaping at their…

Sonder Health Plans to be liquidated as market pressures mount

Sonder Health Plans to be liquidated as market pressures mount

[ad_1] Humana, one of the largest Medicare Advantage providers, exited unprofitable plans earlier this year, cutting around 550,000 members, though most transferred to other Humana offerings. The move helped boost its profitability, with net income rising nearly 67% in Q1. [ad_2] Source link

Insurers move to block coverage in Dude Products class action

Insurers move to block coverage in Dude Products class action

[ad_1] Dude Products, a company incorporated in Delaware with its principal place of business in Chicago, is at the center of the dispute. The class action, filed March 20, 2025, in the Southern District of California, claims that Dude Products labeled its products, promoted them on its website, and advertised through third-party retailers as being…

Lincoln Place Capital takes Cincinnati Insurance to court over wind claim

Lincoln Place Capital takes Cincinnati Insurance to court over wind claim

[ad_1] Lincoln Place Capital LLC, which owns property at 5917 North Illinois Street in Fairview Heights, filed its complaint on August 19, 2025, in the Southern District of Illinois. The company says it held a property insurance policy with Cincinnati Insurance, policy number ENP0670301, covering direct physical loss or damage to buildings, business income, and…

Kinsale Insurance challenges duty to cover oilfield injury lawsuit

Kinsale Insurance challenges duty to cover oilfield injury lawsuit

[ad_1] Now, Kinsale is asking the federal court to step in. The insurer says its policies with TCS – an environmental combined liability policy and an excess liability policy – don’t cover the accident, no matter how you slice it. Kinsale points to two key policy exclusions. First, there’s the employer’s liability exclusion, which says…

CompSource Mutual pursues holding company plan

CompSource Mutual pursues holding company plan

[ad_1] CompSource Mutual, based in Oklahoma City with additional operations in Tulsa, has provided workers’ compensation coverage to businesses across the state for more than 85 years. Established in Oklahoma’s capital, the company has adapted alongside the state’s changing economic landscape while maintaining a focus on serving local employers and their employees. [ad_2] Source link