INSURANCE NEWS
New Survey Reveals How Independent Agents Are Adapting to the Hard Market
The hard market has independent agents “going the extra mile” to prioritize client communication, retention, technology and team morale. Trusted Choice, the national consumer brand representing the members of the Independent Insurance Agents & Brokers of America (the Big I), …
Medical Incident Likely Led to SUV Crashing Into Michigan Walmart, Authorities Say
CANTON TOWNSHIP, Mich. (AP) — A driver who crashed her sport-utility vehicle into a Walmart store in suburban Detroit was likely having a health incident at the time, authorities said Saturday. The woman and four other people who were taken …
War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable
The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, …
Skeptical AM Best Tags U.S. D&O Segment With Negative Outlook
Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more market entrants increase capacity and drive down pricing in the face of some troubling potential risk exposures. “The current pricing …
Marsh McLennan Agency Acquires Pair of Louisiana Agencies
Marsh McLennan Agency (MMA), a subsidiary of Marsh, announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. Terms of the transactions were not disclosed. With the closing of …
Family of Man Who Died After Being Punched by Detroit Police Sues for $50M
DETROIT (AP) — The family of a 70-year-old man who died after a Detroit police officer punched him in the face, causing him to fall to the ground, is suing the former officer and the city of Detroit, seeking $50 …
FTI Consulting Acquires Madison Group Actuarial Firm
A global risk advisory firm has beefed up its actuarial muscle with the acquisition of Madison Consulting Group, based in Madison, Georgia, and Newtown Square, Pennsylvania. FTI Consulting, which recently released its own annual report on mergers and acquisitions in …
Georgia’s Largest County Still Repairing Damage from January Cyberattack
Georgia’s largest county is still repairing damage inflicted on its government a month ago by hackers who shut down office phone lines, left clerks unable to issue vehicle registrations or marriage licenses and threatened to publicly release sensitive data they …
Maui County Officials Select Final Disposal Site For Debris From Lahaina Wildfire
Hawaii officials plan to send debris and ash from the August wildfire that destroyed Lahaina town to Maui’s central landfill. Maui County officials said Wednesday that they picked the permanent disposal site in Kahului over two others that are closer …
A Plan Takes Shape in Rural California to Provide Farm Workers Shade From Dangerous Heat
When Limba Contreras moved to the desert community of Oasis, California, about 50 years ago, her family relied on a water cooler to keep temperatures inside their home comfortable. Other times, they sprayed each other with a hose outside. But …
Medical Groups Urge Alabama Supreme Court to Revisit Frozen Embryo Ruling
MONTGOMERY, Ala. (AP) — Groups representing Alabama doctors and hospitals urged the state Supreme Court on Friday to revisit a decision equating frozen embryos to children, saying the ruling is blocking fertility treatments and harming the medical community. The Medical …
Car Strikes Truck, Sends it Dangling Off Bridge in Kentucky
LOUISVILLE, Ky. (AP) — A tractor-trailer that was knocked dangling off a bridge over the Ohio River — prompting a dramatic rescue of the driver — was struck by a vehicle that had crossed into opposing traffic, Louisville Mayor Craig …