United Security Insurance Company has expanded its personal lines auto insurance product into Arizona. The product was developed by USIC and is marketed by Warrior Insurance Network. Arizona is the first state in WIN member insurance companies’ westward expansion. The …

India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top …

Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid pushback from the United States. The oversight body of the world’s forum for banking regulators met on Monday to take …

“You can’t cut yourself to greatness.” Simon Wilson, chief executive officer of Markel Insurance, made the simple statement at a Markel Group brunch meeting for investors in Omaha, Nebraska on May 4 to convey the idea the hard work of …

Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims to equip all its cyber policyholders around the world with an exclusive, enhanced, integrated suite of risk management tools and …

Everest Promotes Mesagaes as Reinsurance Head of Renewable Energy Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jonathan Mesagaes has been named head of Renewable Energy. He will report to John Hyland, head of Underwriting and Marine, …

Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7 billion euros ($1.89 billion) in claims relating to the Los Angeles wildfires this year. The wildfires killed nearly 30 people …

Marks & Spencer Group Plc said some personal customer data was stolen by hackers as the British retailer continues to investigate and manage a highly-damaging “cyber incident.” The stolen data does not include “useable payment or card details” and there …

Commercial property insurer FM announced an enhanced $1 billion membership credit for eligible mutual policyholders, allowing client-owners to receive more credit sooner. Johnston, Rhode Island-based FM said May 5 that with this year’s credit, FM will have returned more than …

Paul Atkins, the chair of the Securities and Exchange Commission, laid out his vision for overhauling the agency’s cryptocurrency policies on Monday, saying he plans to establish guidelines for distributions of crypto tokens that are securities and consider whether additional …

A Sarasota County sheriff’s deputy used excessive force on a handicapped, 100-pound driver in 2020 and is not entitled to immunity from lawsuits, a federal appeals court ruled in a case that could affect officers’ insurance coverage in similar cases. …

The U.S. Department of Labor has filed a lawsuit against the U.S. Postal Service for what it says is the wrongful termination of an employee who fell while delivering mail and reported the work-related injury. An investigation by the department’s …

Republicans who control the Wisconsin Legislature voted to kill most of the top spending priorities of Democratic Gov. Tony Evers, including legalizing marijuana, even as both sides negotiate a tax cut. The Legislature’s Republican-controlled budget committee voted late last week …

A federal judge sentenced a McAllen woman who reportedly helped commit property and title fraud schemes to 24 months in prison and three years of supervised release. Chief U.S. District Judge Randy Crane also ordered Mayela Saby Cantu to pay …

The family of a helicopter pilot who died when his helicopter crashed while fighting a wildfire in Southern California reached a $15 million settlement with the company that maintained the aircraft, their attorneys said. Michael Fournier was making water drops …

The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Nalco Production LLC and Nalco Co. LLC. The companies manufacture polymer blend chemicals at their facility at 6216 W. 66th Place in Chicago, …

Patriot Growth Insurance Services announce its partnership with Ladd Gardner Aviation Insurance (LGA), an aviation insurance agency based in Addison, Texas. Founded in 2007 by aviation enthusiast and industry veteran, Ladd Gardner, the agency brings deep expertise, a client-centric approach, …

Texas lawmakers hope to rein in homeowners’ rising insurance bills even as they acknowledge there’s only so much they can do to tackle costs. Legislators have advanced bills to limit how much insurance companies can hike rates and help homeowners …

SiriusPoint Promotes Fenn to Global Head of Marine SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the promotion of Chris Fenn to global head of Marine, in addition to two strategic appointments to strengthen its global marine offering. Previously …

Clear Group’s Shape Underwriting Acquires HNW Specialist Protect Shape Underwriting, the London-headquartered managing general agent, has acquired Protect Underwriting LLP, a specialist MGA in private client high-net-worth business. Financial details of the deal were not disclosed. This transaction marks Shape …