News

Delaware Program Cuts Crop Insurance Premiums for Farmers 30%

Delaware has begun a program that promises to reduce premiums for 2025 crop insurance plans for producers who had an eligible plan in 2024. The reduction is equal to 30% of the 2024 total premium with a maximum of $10 …

Washington Senate Passes Restitution, Credit Scoring Study Bills

The Washington state Senate passed three bills with insurance implications on Monday, including a bill giving the insurance commissioner the authority to order restitution to harmed policyholders and a bill studying the impacts of insurance rating factors like credit scores. …

Missouri Man Admits to Stealing Railroad Equipment on 33 Occasions

A Missouri man on Friday admitted stealing railroad equipment on 33 occasions in Missouri and Illinois, costing railroads more than $1.5 million. Jesse Henry, 21, of Laclede County, Missouri, pleaded guilty in U.S. District Court in St. Louis to one …

Drake Settles With Texas-Based iHeartMedia Over ‘Not Like Us’

Drake has reached a settlement with Texas-based iHeartMedia in his ongoing legal dispute over Kendrick Lamar’s diss track “Not Like Us,” according to court records. In November, Drake filed a legal petition in Bexar County, Texas, where San Antonio is …

Arthur J. Gallagher & Co. Acquires Minnesota’s Dyste Williams

Arthur J. Gallagher & Co. has announced the acquisition of Dyste Williams, a Minneapolis-based retail insurance agency. The acquired company specializes in commercial lines, employee benefits, and personal lines services in the Upper Midwest region. Ted Dyste, Nels Dyste, and …

AM Best Concerned D&O Prices ‘Fell Too Far, Too Quickly’

Insurance industry rating analysts from AM Best warn recent softer pricing for directors and officers coverage could begin to affect insurers’ underwriting results. AM Best noted renewal premium for monoline D&O liability continued to fall during the first three months …

Critical Fire Conditions to Grip Texas’ Oil-Rich Permian Basin

Critical to extreme fire conditions are expected to affect more than 2.7 million people across the Southwest, lower Great Plains and Texas, including the oil-rich Permian Basin. A large low-pressure system is forecast to move across the central Great Plains, …

People Moves: Novatae Risk Group Names Greggains President

Novatae Risk Group, headquartered in Dallas, named Nick Greggains as president. Greggains is a member of the executive leadership team focusing on improving underwriting discipline, developing and implementing growth strategies, managing relationships with key clients and overseeing operational excellence. Greggains …

Chubb to Buy Liberty Mutual Thailand, Vietnam Insurance Assets

Chubb Ltd. agreed to acquire Liberty Mutual Holding Co.’s businesses in Thailand and Vietnam in a deal that would help it boost its presence in Southeast Asia. Chubb plans to buy LMG Insurance Public Co. in Thailand and Liberty Insurance …

Mountain West Conference Seeks Mediation Over $55M in Dispute in Poaching Suit

The Mountain West Conference said it is seeking mediation in the lawsuit the Pac-12 filed against it in an attempt to avoid paying $55 million in “poaching” fees for bringing five Mountain West teams into its own league. The Pac-12 …

News Archives by Month