Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of specialist Irish liability and property managing general agent (MGA), Blackrock Insurance Solutions. Financial details of the acquisition were not disclosed. SRG said this acquisition further demonstrates its commitment …
Despite a slight improvement in net income in 2020, U.S. medical professional liability (MPL) insurers saw their sixth consecutive year of underwriting losses, according to a new AM Best report. According to the new Best’s Special Report, “Continued Uncertainty Clouds …
As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various methods cyber attackers are using, ransomware has continued to steal the spotlight. Ransomware is a type of malicious software that …
A Sparks, Nev. police officer who is accusing the city of violating his free speech rights is seeking $1 million in damages after he was suspended for four days for making comments on his private social media account that the …
A bill to provide a framework to captive insurers doing business in Washington became law after Gov. Jay Inslee signed the legislation on Wednesday. Second Substitute SB 5315, which was requested by Insurance Commissioner Mike Kreidler and sponsored by Sen. …
Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that will help accelerate its launch into the commercial auto insurance market. ILS Capital is behind the seed round. The …
Millers Mutual Insurance, a regional property and casualty insurance carrier focused on multifamily housing, is expanding into North Carolina. As of July 1, 2021, Millers Mutual will offer property & casualty insurance in the state, bringing the total number of …
A lightning strike in Florida launched a chunk of highway pavement through a truck windshield and injured two people inside the vehicle on Monday morning, according to fire officials. The Walton County Fire Rescue responded to the accident on Interstate …
NJM Insurance Group is now writing businessowners policies and corresponding excess and umbrella policies in New Jersey. The ProEdge Businessowners Policy provides protection for property and liability risks associated with small businesses. NJM’s commercial excess and umbrella policy can expand …
Officials in Salem, Ore., say damage from a February ice storm will cost about $4.6 million to repair. The Statesman Journal reported the money will be spend repairing infrastructure and clearing downed trees. As of April 21, a total of …
