INSURANCE NEWS
People Moves: Storey Named President of Irwin Siegel
Ryan Specialty, headquartered in Chicago, Illinois, appointed Brad Storey to president of Irwin Siegel Agency (ISA), the social service industry focused managing general underwriter which is a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty. ISA is …
Oregon Governor Signs Bill Providing Unemployment Pay for Striking Workers
Democratic Oregon Gov. Tina Kotek on Tuesday signed into law a bill that provides unemployment benefits to striking workers, following neighboring Washington state in adopting measures spurred by recent walkouts by Boeing factory workers, hospital nurses and teachers in the …
New England Electric Grid Under Precautionary Alert
The electric grid for Boston and the surrounding region operated under a precautionary alert on Tuesday as the surplus of power was expected to narrow to a razor-thin margin amid soaring temperatures. ISO New England, the electric grid operator for …
Homes With Toxic Smoke Damage Deepen Insurance Nightmare in LA
Months after fire tore through Los Angeles’ Pacific Palisades neighborhood, homeowners are struggling to get reimbursed — not for houses reduced to rubble, but for the damage of smoke and toxins in the properties that remain. For residents such as …
First Tropical Storm of 2025 Season Weakens in Atlantic
Tropical Storm Andrea, the first tropical storm of the Atlantic hurricane season, was forecast to dissipate by Wednesday after forming at sea Tuesday, the National Hurricane Center said. The tropical storm was far from land in the middle of the …
E&S Insurtech Ledgebrook Raises $65 Million
Ledgebrook Inc, a technology-driven excess and surplus lines managing general agency, recently completed the close of a $65 million funding round. The oversubscribed Series C round was led by existing investor The Stephens Group, LLC . Existing investors Duquesne, Brand …
DC Sues 4 Drivers With 1,000 Outstanding Traffic Violations
A Maryland resident with 414 outstanding traffic citations, including 360 for excessive speeding, is being hauled into court by District of Columbia Attorney General Brian L. Schwalb who is seeking to collect the $168,168 in unpaid fines and penalties she …
Texas, Oklahoma and Nevada Pass Law to Lure Corporations Away From Delaware
Lawmakers in Texas, Oklahoma and Nevada have recently approved changes aimed at helping their states dip into the lucrative side of corporate litigation that Delaware, with a specialized court and business-friendly laws, has dominated as the world’s incorporation capital. Concerned …
Scientists Crush and Analyze Hailstones in First-of-its-Kind Study
Dozens of researchers are chasing, driving and running into storms to collect fresh hail, getting their car bodies and their own bodies dented in the name of science. They hope these hailstones will reveal secrets about storms, damage and maybe …
French Investigators Order Tesla to Stop ‘Deceptive Business Practices’
French investigators on Tuesday ordered Tesla to stop what they called “deceptive business practices” or face thousands of euros in fines. Investigators at the finance ministry’s Competition, Consumer Affairs and Fraud Control office said the automaker had engaged in deceptive …
Indian Air-Safety Audit Finds Multiple Lapses at Airlines, Hubs
India’s aviation safety regulator found multiple aircraft-maintenance lapses in an audit of airlines and airports ordered after the crash of Air India flight AI171, including recurring defects that indicate inadequate monitoring and correction. The Directorate General of Civil Aviation also …
Warburg Is Said in Talks to Sell Stake in SBI General Insurance
Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people familiar with the matter. The firm is finalizing details of an …