Insurance

State-sponsored residual property markets have seen in influx of risks come in since 2018, with some states growing by more than 200%. According to insurance industry ratings firm AM Best, the policy counts of personal and commercial property Fair Access …

Third quarter 2024 net income at W.R. Berkley Corp. increased to about $365.6 million compared to $333.6 million the same period the prior year on underwriting and investments. Net income was a record for the third quarter, the company said. …

Weeks after a chemical warehouse fire in Rockdale County, Georgia, released plumes of toxic smoke, nearby residents can now leave their homes at night after officials lifted a shelter in place order. For the lab’s owner and investors, the trouble …

A federal appeals court has underscored the high bar that expert witnesses must meet before a court can connect the dots between exposure and illness, a ruling that could have an impact on insurance claims and toxic tort litigation. In …

William Berg, an insurance producer and former financial advisor from Waukee, Iowa, was sentenced to nine years in prison on Friday after pleading guilty in federal court to wire fraud and money laundering charges. In addition to his prison sentence, …

Texas Attorney General Ken Paxton announced the state has secured a settlement with Marriott International, Inc., that resolves an investigation into a breach of one of the company’s reservation databases. The breach exposed 131 million guest records pertaining to customers …

Media baron Rupert Murdoch’s Dow Jones and New York Post filed a lawsuit against Perplexity AI on Monday, claiming the AI startup engages in a “massive amount of illegal copying” of their copyrighted work. Perplexity’s search tools enable users to …

Applied Underwriters Aerospace, headquartered in Atlanta, has named Richard Parker as chairman of the Washington, D.C.-based group. Parker has over 35 years of experience in space insurance, satellite engineering and satellite and launch vehicle procurement. Before joining Applied Underwriters, he …

Dozens of farmers in Iowa, Minnesota and Wisconsin are scrambling to feed their flocks after a struggling organic broiler chicken producer abruptly closed a year after getting a $39 million federal loan. Pure Prairie Poultry shuttered its Charles City, Iowa, …

DONALDSONVILLE, La. (AP) — Seventeen cars of a train derailed in south Louisiana on Friday, and several leaked a chemical used to sanitize swimming pools, but authorities said it was not a threat to the public. It was not immediately …