Skyward Specialty Insurance Group, Inc and New Heights Insurance Solutions, a division of Specialty Program Group LLC, announced a strategic partnership to expand crane and millwright capabilities for both companies. With more than than two decades of experience, New Heights …
Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included …
A U.S. judge on Monday ruled that the Mexican government could move forward with a lawsuit accusing five Arizona gun dealers of participating in the trafficking of weapons and ammunition to drug cartels across the U.S.-Mexico border. U.S. District Judge …
Atlas Insurance has named Jared Hawkins and Michael Howard partners in the Sarasota-based agency. Howard is a third-generation insurance agent at the firm and Hawkins is a second-generation agent who specializes in construction coverage, the Sarasota Herald-Tribune reported. Hawkins has …
Baltimore Mayor Brandon M. Scott has declared a state of emergency in Baltimore City in response to the Francis Scott Key Bridge collapse incident that took place this morning. https://youtu.be/7JDeBPuFQS0?feature=shared The declaration mobilizes Baltimore’s emergency resources to protect the persons …
The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 billion net underwriting …
Robert L. Carey was sworn in as Maine superintendent of insurance on February 28 after being confirmed by the state Senate. Carey brings more than two decades of experience advising state regulators and lawmakers on insurance policy, markets, and regulation. …
Hannover Re will combine its global business in the areas of cyber and digital, creating a new specialty reinsurance business unit, effective April 1, 2024. Hannover Re said the new business unit aims to enhance Hannover Re’s position as a …
A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars into the river below. Traffic was suspended at the port until further notice, Maryland transportation …
Marsh, the insurance broker, risk adviser and a unit of Marsh McLennan, announced the launch of an insurance facility for custodians of digital assets, including financial institutions. The largest facility of its kind, it provides insurance capacity up to $825 …
