Rebuilding Costs Rose More Than 60% in the Last Decade: Verisk February 21, 2025 Over the past decade, there’s been a dramatic increase in reconstruction costs, according to Trish Hopkinson, head of 360Value at...
World Insurance Acquired Grandview Brokerage of Brooklyn February 20, 2025 National insurance broker World Insurance Associates LLC announced that it acquired the business of Grandview Brokerage LLC of Brooklyn, New...
AM Best Revises Outlooks to Negative for Mercury and Subsidiaries Over LA Wildfires February 20, 2025 AM Best revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the...
AM Best Upgrades Credit Ratings of The General Following Sentry Acquisition February 20, 2025 AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A+ (Superior) from...
Tesla Cited by U.S. Regulators Over Worker’s Death in Texas February 20, 2025 Federal regulators have cited Tesla TSLA.O for violating workplace safety rules in connection with the electrocution of a worker last...
People Moves: Allianz Commercial Names Martin as Chief Risk & Resilience Officer; AXA XL Promotes Dores to Country Manager, Iberia February 20, 2025 This edition of International People Moves details appointments at Allianz Commercial and AXA XL. A summary of these new hires...
Arthur J. Gallagher Announces Acquisitions of 2 Firms in Northeast February 20, 2025 Global insurance broker Arthur J. Gallagher & Co. announced the acquisition of Waltham, Massachusetts-based Agilis Partners LLC. Agilis is an...
Former Florida Broker, Others Charged in Insurance Fraud Schemes February 20, 2025 One person in Texas and four people in Florida, including a previously licensed insurance broker, face insurance fraud charges in...
CIAB: Commercial Premiums Rise 5.4% Overall in Q4 2024 February 20, 2025 2024 ended as steady as ever – with “no real change in current market conditions” – as respondents of a...
Markets/Coverages: Marsh Expands Fast Track Facility, Offering 10% Automatic Capacity February 20, 2025 Marsh, the insurance broker, risk adviser and Marsh McLennan business, announced the addition of significant new capacity to its Fast...