INSURANCE NEWS
Totalis Acquires Michigan-Based MGA Brownyard MacLean
Totalis Program Underwriters, an underwriting platform providing specialty expertise and solutions for challenging and underserved areas of the market. announced the acquisition of Brownyard MacLean Security Insurance Services, LLC. Brownyard MacLean is a Michigan-based managing general underwriter and program administrator …
Why Some Storms Brew to Extreme Dimensions in the Middle of America
A powerful storm system that stalled over states from Texas to Ohio for several days in early April 2025 wreaked havoc across the region, with deadly tornadoes, mudslides and flooding as rivers rose. More than a foot of rain fell …
Kentucky Cleanup Begins After Surging Rivers Recede
FRANKFORT, Ky. (AP) — After days of deluges overfilled rivers to near-record levels across Kentucky, residents were anxious Tuesday to return to their flooded homes and assess what’s salvageable, even as stubbornly high waters kept some of them waiting even …
Northwestern University Finalizing Settlement Over Football Hazing Scandal
Former Northwestern University football players are finalizing an agreement with the school to settle lawsuits alleging hazing and abuse that led to longtime coach Pat Fitzgerald’s firing, a school spokesman and attorneys said Tuesday. The prestigious private university in suburban …
Alabama Lawmakers Set Minimum PBM Payments to Independent Pharmacies
MONTGOMERY, Ala. (AP) — Alabama lawmakers on Tuesday voted to put new regulations on pharmacy benefit managers in an effort to curb the closure of small pharmacies across the state. The Alabama House of Representatives voted 102-0 for the proposal …
Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk
Roof repair and replacement cost value totaled nearly $31 billion last year — up nearly 30% since 2022, according to a new report from Verisk. The strategic data analytics and technology provider reported that roof-related line items made up more …
Market/Coverages: Marsh Offers Bermuda Cyber Excess Facility With $30M of Capacity
Marsh, the insurance brokerage business of Marsh McLennan, announced the launch of CyberShore Bermuda, an exclusive, excess cyber insurance facility that provides Marsh clients with enhanced protection and a streamlined client experience. CyberShore Bermuda provides up to $30 million in …
Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout
The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Treasuries …
What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing
An ad for TotalEnergies SE inflated the oil company’s investments in renewable energy, misleading consumers, the UK’s advertising regulator ruled on Wednesday. Another commercial for Shell, which promoted its investments in EV charging stations and renewable energy, as well as …
Trump Issues Order to Block State Climate Change Policies
U.S. President Donald Trump issued an executive order on Tuesday that aims to block the enforcement of state laws passed to reduce the use of fossil fuels and combat climate change. The move is the latest in a string of …
Rebates on HO Premiums? It’s a Thing, Orion180 Says in Launching Florida Coverage
Orion180, a property insurance and surplus lines carrier founded in Melbourne, Florida, in 2016, has now started writing policies in the state where it is headquartered. And it is doing so with what appears to be an unusual strategy: Rebates …
Court: 911 Not Part of Emergency Services, Barring Dispatcher Liability Coverage
A 911 dispatch center is not necessarily part of a county’s emergency services department and is not covered by a secondary liability insurance policy, a federal appeals court found this week in a decision that will cost Travelers several million …