Patricia Wells

The Hanover Insurance Group has teamed up with Hagerty to offer specialized insurance for classic cars. This new product, called Hanover Collector Car, combines Hanover’s reliable insurance coverage with Hagerty’s expertise in handling collector vehicle claims and valuations. Currently, this insurance is available through Hanover’s independent agents in Michigan and Illinois, targeting both new and … Read more

The U.S. Department of Labor has taken action against Bacilio Rios Almanza, a roofing contractor in Wisconsin, for serious safety violations. This comes after an investigation revealed that Almanza failed to protect his workers from dangerous fall hazards while they were working on a residential roof in Appleton in September 2024. The Occupational Safety and … Read more

Arch Insurance has announced that Paul Seip is now the head of Fine Art & Specie for European Markets, effective immediately. This new role is based in Rotterdam, where Seip will work on developing the company’s underwriting platform for fine art and specialty insurance across Europe. Seip joins Arch Insurance with over 12 years of … Read more

The Department of Justice recently announced a significant recovery of approximately $5.3 million for a union that fell victim to a business email compromise scheme. This recovery comes after a civil forfeiture complaint was filed by the U.S. government in June 2024, seeking to reclaim the funds lost in the scam. The incident took place … Read more

Markel Group Inc. has announced the promotion of Matthew Brooke to Senior Underwriter for War and Terrorism. This change takes effect immediately. Brooke will report to Chloe Gordge, who leads the War and Terrorism division at Markel. In his new role, Brooke will focus on expanding the company’s international war and terrorism portfolio. He aims … Read more

A sightseeing helicopter tragically crashed into the Hudson River on Thursday, resulting in the deaths of all six people on board. This incident has raised concerns about aviation safety in the United States, especially following a series of recent aviation mishaps. New York City Mayor Eric Adams confirmed that the victims were recovered from the … Read more

China’s financial regulator is set to increase the limits on how much insurance funds can invest in the stock market. This move aims to bolster support for capital markets and the broader economy. The National Financial Regulatory Administration announced that the upper limit for the equity asset allocation ratio for some insurers will rise by … Read more

MNK Group has unveiled a new unified brand that brings together its various broking, managing general agent (MGA), and risk-taking operations. This change aims to provide a seamless experience for customers across the globe. The group has launched a new website, groupmnk.com, which links all its entities in regions including the UK, Europe, North America, … Read more

Travelers Companies has rolled out a new service called Travelers Cyber Risk Services. This suite is designed to enhance its cyber liability policies, aiming to help businesses reduce the risk of cyberattacks and lower recovery costs if they do occur. The service includes several valuable features. One standout is the Cyber Risk Dashboard, which is … Read more

The U.S. property and casualty insurance industry has turned a corner, reporting its first full-year underwriting gain in four years. This positive shift has contributed to a significant increase in net income, which soared to $170 billion in 2024. According to a report from Verisk and the American Property Casualty Insurance Association (APCIA), this figure … Read more