This post is part of a series sponsored by IAT Insurance Group. Social inflation is not a new phenomenon, but its effects are becoming more pronounced across the insurance industry. In Episode 11 of What’s Brewing, Chris Accetta, VP of …
Social Inflation’s Impact on Insurance in 2025 Read More »
The U.S. Chemical Safety and Hazard Investigation Board (CSB) released a second update on its ongoing investigation into the fatal hydrogen sulfide release that occurred on October 10, 2024, at the PEMEX Deer Park Refinery in Deer Park, Texas. Two …
CSB Releases Update Into Fatal Texas Hydrogen Sulfide Release Read More »
Wall Street brokers have started selling insurers’ claims tied to Los Angeles’ deadly wildfires, which may trigger a payout from the utilities blamed for the destruction, according to people familiar with the matter. Investors are buying so-called subrogation claims, obtaining …
Wall Street Brokers Start Trading Insurer Claims From LA Fires Read More »
Munich Re said it has acquired NEXT Insurance, which will become part of the reinsurer’s major primary business, ERGO. The agreement in place values NEXT Insurance at $2.6 billion. ERGO already owned nearly 30% of NEXT Insurance’s shares. Closing is …
ERGO Enters US Small Business Insurance Market With Full Buy of NEXT Insurance Read More »
A new report identifying commercial litigation waves likely to pick up steam in 2025 highlights one particular theme that could further lengthen the tail of general liability claims for insurers writing policies for contractors and builders. The 2025 “Commercial Litigation …
Contractors Insurance Alert: Construction Defect Lawsuits Rising Read More »
A grand jury for Baltimore County has handed down an indictment charging Michael C. Okolo, of Parkville, Maryland, with theft of property valued at $100,000 or more. This is the third time since September 2024 that Okolo has been indicted …
Third Time’s No Charm as Insurance Agent Is Charged Again Read More »
Vehicle thefts in the United States recorded their biggest yearly drop in four decades as automakers, mainly Hyundai and Kia, bolstered anti-theft measures, while easing supply chain constraints made stealing vehicles for parts less lucrative. Hyundai and Kia cars topped …
Hyundai, Kia’s Anti-Theft Measures Fuel Steep Dip in US Vehicle Thefts Read More »
Billionaire Mukesh Ambani’s Jio Financial Services Ltd., has reached a preliminary agreement with Allianz SE to form an insurance business in India, according to people familiar with the matter. The move comes as the German insurer agreed earlier this week …
Allianz, Jio Financial Said to Reach Initial Deal for India Joint Venture Read More »
The Doctors Company, the Napa, California-based physician-owned medical malpractice insurer, announced it has entered an agreement to acquire ProAssurance Corp. for $1.3 billion, taking the company private. Under the terms of the agreement, ProAssurance stockholders will receive $25.00 in cash …
The Doctors Co. to Take Med-Mal Insurer ProAssurance Private in $1.3B Acquisition Read More »
Major automakers and tech groups on Tuesday called on the Trump administration to take steps to speed deployment of self-driving cars, citing a number of regulatory hurdles. The Alliance For Automotive Innovation, a group representing nearly all major automakers, in …
Automakers, Tech Industry Urge Trump to Speed Self-Driving Car Deployment Read More »
