Ventis, the commercial and residential real estate managing general agent that provides tailored solutions for a range of property profiles, has opened for business. Founded by Gareth Roberts, previously head of Covéa’s Mid-Market Specialist and Network division, Ventis offers an …

Arthur J. Gallagher & Co. announced the acquisition of UK-based MCMM Services Ltd. (MCMM). Terms of the transaction were not disclosed. MCMM provides administrative and claims management services to members of Education Mutual, a mutual insurer that offers staff absence …

As we head into 2024, many property/casualty companies are primed to grow their businesses, but not all have adequate levels of surplus to support premium growth, an Aon Ward executive said during a mid-December webinar. Jeff Rieder, partner and head …

HOUSTON (AP) — A pair of strays have landed in the doghouse after being caught on video causing more than a quarter-million dollars’ worth of damage at a Houston car dealership. One dog, described as a bull terrier mix, was …

War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status quo have reason not to risk it. Bloomberg Economics estimate the price tag at around $10 trillion, equal to about …

MADISON, Wis. (AP) — Wisconsin Assembly Republicans’ highly restrictive plan to legalize medical marijuana in the state drew a lukewarm response from Senate Republicans and Democratic Gov. Tony Evers on Monday. The bill would limit medical marijuana only to severely …

Orion180 announced the expansion of its homeowners insurance products to the states of Georgia and Indiana. Underwriting through Orion180 Select Insurance Co., an admitted insurance company domiciled in Indiana, Orion180 offers the coverage through independent agency distribution partners in Georgia …

U.S. venture capital firm Andreessen Horowitz has backed London-based insurance startup Hyperexponential in a $73 million funding round, the insurance software company said on Thursday. Founded in 2017, Hyperexponential provides insurance companies with mathematical modeling software, allowing them to price …

WTW Names Buganski Head of Personal Lines, CRB NA WTW, headquartered in Arlington, Va., appointed Despina Buganski as head of personal lines, corporate risk and broking, North America (CRB NA). With more than 30 years of industry experience, Buganski joined …

Executive Summary: Companies need to enact long-term performance measurement and strategies for underwriting discipline across the underwriting cycle because evidence suggests underwriters will not impose it themselves, according to Tony Buckle and John Carolin, co-founders of the boutique insurance consultancy …

A report from the South Carolina Department of Insurance confirms what insurers and bars and restaurants have said for the past few years: Liquor liability coverage in the state is “extremely unprofitable” for carriers – and costs are far out …

Federal investigators say they have been unable to determine what caused a medical flight to go haywire before the helicopter crash-landed without losing any lives nearly two years ago. The pilot somehow avoided a web of power lines and buildings …

A worker was killed on New York’s Long Island Monday after becoming buried in a hole while working on a septic system. Suffolk County Police said the masonry company worker was installing cesspool rings at a home in Head of …

The new year brought with it an expansion of Connecticut’s workers’ compensation benefits with regard to post-traumatic stress injuries or disorders (PTSD). Prior to January 1, only first responders were eligible for benefits for work-related PTSD; now under a new …

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of Mutual of Enumclaw Insurance Company and Enumclaw Property & Casualty Insurance …

A California man was sentenced to four years in prison for seeking to win a $100 million lawsuit by making false sexual assault claims against Hollywood executives. Rovier Carrington, 34, of Los Angeles was sentenced in Manhattan federal court after …

Noguchi & Associates launched its Ori-gen Retirement Plan Services for its Hawaii client base. The service expands upon the establishment of Ori-gen Retirement Plan Services announced in February 2023. Noguchi & Associates will now offer services such as company-sponsored retirement …

Class-action and government enforcement lawsuits continued to take a toll on corporate defendants in 2023, with ten $1 billion settlements and a total cost of $51.3 billion, according to a report released Tuesday by the DuaneMorris law firm. The total …

TOLEDO, Ohio (AP) — Five companies have agreed to pay the federal government more than $7.2 million overall to resolve claims stemming from longstanding pollution in two adjacent creeks in the Maumee River watershed in northwestern Ohio. The settlement with …

The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the …