California Commissioner Orders Insurance Cancelation Moratorium for 185K Residents August 8, 2024 California Insurance Commissioner Ricardo Lara issued a one-year moratorium on insurance companies to preserve residential insurance coverage for more than...
Liberty Mutual’s ‘Deliberate Actions’ Keep It on Path to Profit August 8, 2024 Liberty Mutual Holding Co. continued to put 2023’s losses behind it and carefully manage growth in 2024, reporting consolidated net...
July North Dakota Derailment the Latest Crash to Involve Weak Tank Cars August 8, 2024 The fiery North Dakota derailment that burned for days early last month was the latest train crash to involve the...
4 Killed When Small Airplane Crashes in Oklahoma City August 8, 2024 Four people were killed when a small airplane crashed Tuesday afternoon in Oklahoma City, local authorities said. The plane crashed...
Illinois City Ordered to Pay $22M in Wrongful Conviction Settlement August 8, 2024 The city of Naperville must pay $22.5 million in damages for the wrongful conviction of a man accused of arson...
Warner Pacific Acquires Texas’ Ashmore Agency August 8, 2024 Warner Pacific announced it has completed its acquisition of the General Agency of Ashmore Agency, Inc. Terms of the deal...
Legacy Acquirer DARAG to Sell North America, Bermuda Units to Fairfax’s RiverStone August 8, 2024 DARAG Group, the Malta-based legacy acquisition company, announced it has agreed to sell its North American and Bermuda business entities...
Maryland Hikes Penalties for Violations of Insurance Laws August 8, 2024 The Maryland Insurance Administration (MIA) is notifying the insurance industry that the maximum penalties that may be imposed for certain...
UK Insurer Beazley Upgrades 2024 Forecast After H1 Profit Nearly Doubles August 8, 2024 British insurer Beazley upgraded its combined ratio forecast for 2024 on Thursday after first-half pretax profit nearly doubled, boosted by...
Survey: 78% of Ransomware Victims Paid and 74% Suffered Multiple Strikes August 8, 2024 A survey of nearly 1,000 IT and security professionals shows numerous organizations were targeted by ransomware attacks in the past...