Insurance

Florida Gov. Ron DeSantis and the state’s insurance commissioner have touted the governor’s 2024-2025 state budget, released this week, as a $431 million relief package for Florida homeowners struggling with escalating property insurance premiums. Insurance industry lobbyists, consultants, professors and …

The judge presiding over the Boys Scouts of America’s bankruptcy has rejected a $21 million fee request from attorneys hired by law firms representing survivors of child sexual abuse. A group of personal injury firms called the Coalition of Abused …

U.S. property/casualty underwriting results deteriorated during the first nine months of 2023 to a loss of $32.2 billion. The result, highlighted in short financial review from AM Best, is $7.6 billion than the same period a year ago. The blame, …

A shadow-fleet oil tanker that had previously falsified its location to avoid detection on digital ship-tracking systems ran aground near Singapore, a stark reminder of the environmental risks that such vessels pose. A spokesman for the Indonesian navy said the …

It’s the cusp of winter in the Northern Hemisphere, but in many places from the US to Japan, it feels more like spring — and forecasters say that’s a sign of what to expect over the next couple of months, …

Authorities have suspended the search for the 12-year-old boy still missing following a deadly landslide in the southeast Alaska community of Wrangell. Five people have been confirmed killed in the landslide and their bodies recovered: Otto Florschutz, Timothy and Beth …

Pennsylvania-based Patriot Growth Insurance Services reports it has acquired Blueprint Benefit Advisors of Hamden, Connecticut. Blueprint provides employee benefits, human resource support, benefits technology, and compliance services. This deal expands Patriot’s footprint in the New England region, which currently consists …

Brown & Brown Dealer Services has completed the acquisition of Automotive Business Solutions. The ABS team will continue to be led by CEO Michael Cox from their current offices in Denver, Colorado. ABS is an administrator of warranty products in …

Berkshire Hathaway Energy Co.’s PacifiCorp said it will pay $299 million to settle claims over wildfires that burned homes in southwest Oregon, averting another jury trial in litigation that has already exposed the utility to billions in damages. The accord, …

A pickup truck driver in a suburb of Boston is accused of crashing into a police officer and a utility employee at a work site, killing them, then pulling a knife on another officer before stealing his cruiser and crashing, …