The Surplus Line Association of California board has voted to adjust the stamping fee to 0.25%, effective Jan. 1, 2020, the group announced earlier this month. The stamping fee has been set at 0.2% for seven years, the longest recorded …
National Ryan Specialty, Atlantic Specialty Ryan Specialty Group has acquired the assets and operations of Atlantic Specialty Lines Inc. The ASL team is now a part of R-T Specialty, the wholesale brokerage unit of Ryan Specialty Group. The deal expands …
A cannabis company paid a $6.3 million settlement to a Nevada dispensary co-owner who claimed the company skimmed millions of dollars from dispensary profits, according financial documents. California-based Terra Tech reached a settlement with Heidi Loeb Hegerich, a co-owner of …
The inland marine insurance segment has grown steadily in the past decade in tandem with increases in construction spending and the transport of goods, with direct premiums written nearly doubling to $24.5 billion in 2018 from $13.3 billion in 2009, …
Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. The bank …
The chief insurance regulator in Arkansas says he has approved more than 50,000 new individual producer and adjuster licenses since his tenure began in January 2015. In a statement released by the Arkansas Insurance Department, Insurance Commissioner Allen Kerr said …
The long-term viability of the U.S. property terrorism insurance market is back in the spotlight as Congress looks at renewing the federal reinsurance backstop, the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), which is set to expire in Dec. 31, …
California fire officials say sparks from a hammer driving a metal stake into the ground ignited a 2018 blaze in Northern California that killed a firefighter and became the largest wildland fire in state history. The California Department of Forestry …
Housing sales in Texas would drop, gasoline prices would increase, and the state would lose hundreds of billions of dollars in economic output if another major storm struck an unprotected coastline, according to an economic impact study. The joint study …
Commercial insurance prices in the U.S. increased in the first quarter about 2%, according to insurance broker and advisor Willis Towers Watson. The company’s Commercial Lines Insurance Pricing Survey (CLIPS) survey compared carriers’ prices charged on policies underwritten during the …
