Insurance
Insurer Bowhead Specialty’s IPO Filing Shows Profit More Than Doubled in 2023
Bowhead Specialty Holdings disclosed on Friday that its net profit more than doubled in 2023, as the insurance underwriting company made its IPO filing public amid a rebound in fresh U.S. listings. The U.S. initial public offering market is expected …
Read More Supreme Court Allows More Transport Workers to Bypass Arbitration and Sue Employers
The U.S. Supreme Court on Friday paved the way for more truck drivers and other transportation workers to file employment-related lawsuits in court rather than private arbitration, ruling that an exemption from arbitration extends to workers outside of the transportation …
Read More Maine Lawmakers Approve Liability Shield for Abortion and Gender Care Providers
The Democratic-controlled Maine Legislature gave final approval Friday to a bill that would protect health care workers who provide abortion and gender-affirming care from legal action brought in other states. If signed by Democratic Gov. Janet Mills, Maine would join …
Read More Small Quake Shook California Desert Near Site of Coachella Music Festival
A small earthquake shook the Southern California desert Saturday near Coachella, where the famous music festival was being held this weekend. No damage or injuries were reported. The quake, with a preliminary magnitude of 3.8, hit at 9:08 a.m. about …
Read More Munich Re Specialty Launches FAIR Plan Commercial Wrap Product in California
Munich Re Specialty Insurance is launching a FAIR Plan Commercial Wrap, available to commercial insureds in California who seek comprehensive coverage in tandem with their FAIR Plan coverage. MRSI’s FAIR Plan Commercial Wrap is designed to enable insureds to more …
Read More People Moves: RT Specialty Promotes Murrey to President of Commercial Lines Binding Authority
RT Specialty, the wholesale distribution division of Ryan Specialty, headquartered in Chicago, promoted Jason Murrey to president of commercial lines binding authority. Murrey joined RT Specialty in 2017 through the acquisition of N-Surance Outlets where he served as president and …
Read More Lawyers Want Ohio Residents to Wait for Details of $600M Derailment Settlement
The lawyers who negotiated a $600 million settlement with Norfolk Southern over that railroad’s disastrous 2023 derailment in Ohio want residents to talk with them before deciding the historic deal isn’t enough. They said Wednesday that the settlement for everyone …
Read More R&Q to Sell Stake in Obra Joint Venture for $30M, Expects “Significant Pre-Tax Loss”
R&Q Insurance Holdings, (R&Q) the Bermuda-based non-life speciality insurer that focuses on program management and legacy insurance business, announced it has agreed to sell its stake in a joint venture with Obra Capital for $30 million. At the same time, …
Read More Storms Bring Floods and Damaging Wind Across the South
SLIDELL, La. (AP) — Severe storms blamed for a death in Mississippi spawned a tornado that demolished buildings in one Louisiana city Wednesday while inundating streets in low-lying New Orleans with hours of steady rain that snarled traffic and strained …
Read More DeSantis Signs Bill Barring Local Worker Heat Protection Measures
Florida Gov. Ron DeSantis this week signed into law a prohibition on local governments requiring worker protections from heat exposure, a law that could potentially lead to more workers’ compensation claims from stricken laborers. At the same time, the state …
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