INSURANCE NEWS
WR Berkley Founder and Executive Chairman Dies at 80
W.R. Berkley Corp. said that on June 9 its founder and executive chairman William R. Berkley died at the age of 80. William R. Berkley founded the Greenwich, Connecticut-based commercial property/casualty insurer in 1967, building it into a Fortune 500 …
Australia Insurance Broker Steadfast Gets Offer From Amwins, PE Firm Dragoneer
Australian insurance broker Steadfast Group Ltd. received an indicative offer from US specialty insurance distributor Amwins Group Inc., and private equity firm Dragoneer Investment Group LLC, that sent its shares surging by a record 36%. The conditional, non-binding cash offer …
UK Police Call for Calm After Brutal Knife Attack in Belfast
UK authorities pleaded for calm following a knife attack in Belfast that led to the arrest of a Sudanese national and prompted protest calls from the far right. Video circulating online of the late Monday attack appeared to show the …
US, Iran Attack Each Other Over Apache Helicopter Downed Near Hormuz Strait
The US and Iran exchanged strikes overnight after President Donald Trump retaliated against Tehran for shooting down an American Apache helicopter.The skirmishes further jolted a two-month-old truce and exposed the fragility of talks between the warring sides aimed at securing …
Britain’s Garden Habits Are Making Their Homes Harder to Insure
As the UK moves from a record-hot May into an unseasonably wet June, the risk of flooding is being exacerbated by a proliferation of paved gardens, according to the country’s flood insurer of last resort. The trend — often a …
Stellantis Tells Owners of 1.3 Million Jeeps to Park Outside Over Fire Concerns
Stellantis is recalling more than 1.3 million Jeep SUVs and trucks worldwide over fire concerns and is urging owners to park outside and away from structures or other vehicles until a fix is completed. In a filing with the National …
Storage Shed Caused Nashville Parking Garage Fire, Travelers Says in $10M Subro Suit
Nashville residents will likely remember the massive fire—one year ago today—that destroyed the downtown library’s parking garage, totaled dozens of vehicles, and left the library closed for months. Travelers Excess & Surplus Lines, which had provided a multimillion-dollar policy for …
Trial Begins for Man Accused of Sparking Deadly Palisades Fire
A federal arson trial began this week for the man accused of sparking last year’s deadly Palisades Fire as the area struggles to rebuild and the aftermath reverberates through the Los Angeles mayor’s race. Jonathan Rinderknecht, 29, appeared in court …
Inszone Acquires Professional Insurance Strategies in Arizona
Inszone Insurance Services acquired Professional Insurance Strategies LLC in Arizona. Founded in 2006 by Gary Hanson, Professional Insurance Strategies was built to serve complex, niche industries. The firm specializes in the construction and public transportation sectors. Sacramento, California-based Inszone is …
US Customs Agency, Trade Judge to Seek Path to Final Tariff Refunds
Officials from the U.S. Customs and Border Protection agency head to a federal trade court on Tuesday to try to find a way to refund tens of billions of dollars of tariffs that were collected and later deemed illegal by …
Rio Grande Valley Farmers are Bracing for Severe Drought
Texas heat can be relentless. For much of the year, farmers and ranchers were preparing for a tough summer of drought. As of Monday, nearly 50% of the state was experiencing some level of drought conditions according to the U.S. …
Israel Kills Eight in Strike on Lebanon; US Rescues Helicopter Crew From Hormuz
Israel struck the historic port city of Tyre in southern Lebanon on Tuesday, killing at least eight people, in an escalation that adds strain to efforts to broker a peace deal to end the wider Middle East war. On Monday, …