AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Buckeye State Mutual Insurance Company and its affiliate, Home and Farm …

A tropical system developing in the Bay of Campeche may reach the US Gulf Coast this weekend, threatening heavy rain while potentially skirting major oil and gas hubs. The swirl of showers and winds has a 90% chance of becoming …

This edition of International People Moves details appointments at the insurer Hartford International and the London broker Augment Risk. A summary of these new hires follows here. Hartford Names Smith as International Head of Distribution in UK The Hartford has …

Insurance agency network SIAA reports it has acquired Canopy Specialty Insurance, a specialty commercial property/casualty managing general agent (MGA) with operations in the U.S. and U.K. The addition of Canopy adds specialized underwriting and product development capabilities to SIAA’s broader …

Specialty insurance broker Amwins has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability insurance. The MGA will work exclusively with wholesale brokers to focus on coverages for “challenging exposures across segments where market …

A 10th-grade girl and a motorist were killed Monday morning when a car hit a school bus full of high school students in central Florida, causing the bus to swerve and overturn. Polk County Sheriff Grady Judd said at a …

Britain’s communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before launching it in May. Instants allows content shared by users …

The Kentucky insurance commissioner is reminding property insurers they have just three weeks to resubmit homeowner policy endorsements that comply with state law on coverage for Fortified roofs. “Upon review, several FORTIFIED endorsement filings have been found to contain language …

An intense, public outcry over a woman’s account of being gang-raped at a Cornell University fraternity house prompted New York’s governor this week to angrily yank control of the investigation away from the local prosecutor who didn’t initially see what …

Clear Group, the London-based independent insurance intermediary, has acquired specialist broker Commercial Risks (UK) Ltd. and its managing general agency, Troon Underwriting. Financial details of the deal were not disclosed. Founded in 2002 and led by James Osman, Commercial Risks …

Commercial property rates continues to soften, according to a new report from Willis, a WTW business. Large and complex property rates with WTW’s portfolio dropped 14.5% in the second quarter 2026, according to the fall 2026 edition of its Insurance …

Novatae Risk Group, the wholesale division of World Insurance Associates, announced it acquired Specialized Program Solutions (SPS), a managing general agency (MGA) in Chester, New Jersey. Founded in 2022, SPS specializes in underwriting, marketing and program administration for long-haul trucking …

Marsh Names Neary CEO of Newly Combined East Region Marsh appointed Andrew Neary as chief executive officer (CEO) of Marsh Agency’s newly combined East region. Neary will be based in Conshohocken, Pennsylvania, and will continue to report to Matt Stadler, …

A United Arab Emirates investigation of the near-catastrophic FlyDubai flight said the co-pilot attempted “to carry out a terrorist act” as more details emerged about what happened in the cockpit. The co-pilot used a crash ax in the attack on …

German auto group Volkswagen will recall around 4 million vehicles across four brands in the biggest such action since the Dieselgate scandal, the Handelsblatt newspaper reported on Friday [Sept. 25]. Some 2.16 million VW models and 700,000 Audi models are …

While condo sales across Miami have broadly slumped in recent years, one sector of the market is booming — ultra-luxury sales in apartments that haven’t even been built yet. The Residences at Mandarin Oriental Miami on Brickell Key, a manmade …

South Korean regulators urged financial institutions to promptly complete internal security inspections and report the results to authorities after a series of cyberattacks led to personal data breaches across the industry. “The entire financial sector should carry out swift and …

Denmark suffered a major data breach that gave unauthorized individuals access to names, addresses and personal identification numbers belonging to about 8.8 million people registered in the country’s central population database. The breach occurred after unidentified individuals misused a private …

The next financial crisis could originate from a source outside the world of finance, Reserve Bank of India Governor Sanjay Malhotra said Saturday. “It may begin with a geopolitical event, or cyber attack or a technological failure that affects the …

Specialty managing general agent Banyan Risk said it launched Red Fox Risk Ltd, a new underwriting venture focused on wildfire-exposed property risk in the U.S. The business will be led by Brian Espie as CEO and Sarah Kennedy, chief underwriting …