Insurance

AXIS Launches Streamlined Cyber and Liability Policy for Small and Mid-Sized Businesses AXIS Capital Holdings Limited said it launched an insurance policy that offers custom-built cyber and specialist liability coverage for companies with up to $2 billion in revenue. The …

PROVIDENCE, R.I. — The heavy rain that caused street flooding and forced the closure of major roads in Rhode Island on Labor Day continued on Tuesday, according to the National Weather Service. Nearly 11 inches of rain had fallen in …

The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co. According to an amended …

Aviation regulators approved designs for the first flying drone built specifically for shipping packages, a major step forward for the fledgling remote delivery industry. Matternet Inc.’s Model M2, a four-rotor copter capable of carrying a 4-pound (1.8-kilogram) package, is considered …

As they learned with the COVID-19 pandemic shutdown, establishments that lost water service in troubled Jackson, Mississippi, this month are finding that their business interruption insurance policies won’t always help pay for lost customers and lost revenue. “Most coverage is …

One of the strictest internet privacy laws in the United States has withstood a legal challenge, as a group of telecommunication providers has dropped its bid to overturn the Maine standard. Maine created one of the toughest rules in the …

Oregon employers will pay less for workers’ compensation coverage on average next year, according to the Oregon Department of Consumer and Business Services. The DCBS said the decline in costs marks 10 years of average decreases in the pure premium …

California Insurance Commissioner Ricardo Lara on Wednesday submitted an insurance pricing regulation to the California Office of Administrative Law to recognize and reward wildfire safety and mitigation efforts made by homeowners and businesses. The regulation is said by Lara’s office …

Keystone Insurers Group added Texas agency Allbright & Duncan to its growing network of agencies in the state. Based in Odessa, Allbright & Duncan’s specialties include general liability, auto, workers’ compensation, property, equipment, umbrella, builder’s risk, and more. Allbright & …

Total U.S. surplus lines direct premiums written (DPW) reached a record $82.6 billion in 2021, with momentum continuing through mid-year 2022, according to a new AM Best report. In the first six months of 2022, premiums topped $31 billion, and …