Contractors are bleeding and insurance won’t save them, warns industry professional

Ajax operates as a wholesale broker with a focus on management and professional liability lines, including Directors and Officers (D&O), Errors and Omissions (E&O) and Technology/Cyber Liability. The firm was founded in 2012 by Andy Bierbaum, who was later joined by Karen Kutger as co-owner and partner in 2018. Source link

House Bill 1228 creates a carveout to Kentucky’s long-standing rule that excludes psychological injuries from workers’ compensation coverage unless directly caused by physical harm. The bill, which applies to police officers, firefighters, emergency medical personnel, front-line state workers, and Kentucky National Guard members, introduces a presumption of compensability for PTSD diagnoses stemming from job-related trauma….

“We earned core income of $443 million, or $1.91 per diluted share, as outstanding underlying results, strong net favorable prior year reserve development and higher investment income more than offset catastrophe losses,” said Alan Schnitzer, Travelers’ chairman and CEO. Source link

Deal boosts transportation focus and strengthens broker network across the Southwest Source link

In a risk-averse industry, Emmy-winning journalist Molly Grantham proves that the biggest gamble isn’t imperfection—it’s never taking the leap Source link

Firm will gain US licenses and federal surety authority Source link