Articles by

Marsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023

Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acquisitions & Alliances showed 39,603 …

650,000 Residential Properties Hit by Severe Hail in Central US Storms

A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 …

Markets/Coverages: CFC Introduces Carbon Delivery Insurance Policy

Specialty insurer CFC announced its entry in the carbon insurance market with the launch of a groundbreaking new product. CFC said its new carbon delivery insurance is the first to cover both the physical and political risks faced by businesses …

Homeowners Insurance Customer Satisfaction at 7-Year Low

With 28 catastrophic weather events in 2023 causing nearly $93 billion in damage, customer service satisfaction plunged to a seven year low, according to the latest J.D. Power 2024 U.S. Property Claims Satisfaction Study released today. More extreme weather events …

Member of Major Catalytic Converter Theft Crew Sentenced to More Than Three Years

A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machines. Nicolas …

Armorer Challenges Conviction in Fatal Shooting on New Mexico Movie Set

A movie set armorer is challenging her conviction on an involuntary manslaughter charge in the fatal shooting of a cinematographer by Alec Baldwin on the set of the Western film “Rust,” court records show. Defense attorneys for “Rust” armorer Hannah …

Higginbotham Expands Oklahoma Presence With Glenn Harris & Associates

Higginbotham announced it has doubled its presence in Oklahoma’s by adding Glenn Harris & Associates. Glenn Harris & Associates of Oklahoma City was founded by Principal Glenn S. Harris in 1987. The firm provides customers with one-on-one service and education …

Boundless Rider Expands Motorcycle, Powersport Coverage to Illinois

Boundless Rider, a new insurtech focused on insurance for motorcycle and powersport riders, announced that policy coverage is available for purchase in Illinois. Owners of on-road and off-road motorcycles, ATVs, UTVs, snowmobiles, scooters, and mopeds can now obtain coverage through …

NTSB Investigates Fatal Crash Involving Ford Electric Vehicle in San Antonio

The National Transportation Safety Board is investigating a fatal crash in San Antonio, Texas, involving a Ford electric vehicle that may have been using a partially automated driving system. The agency said in a statement Friday that a team of …

Ohio Governor Declares Emergency After Deadly Severe Storms

COLUMBUS, Ohio (AP) — Ohio’s governor has declared a state of emergency in 11 counties across central Ohio struck by severe weather last week. Gov. Mike DeWine also activated the Ohio National Guard to help officials in one county, Logan …