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Electrical manufacturers are facing a challenging environment that requires careful risk management and the right insurance coverage. These businesses deal with high-value materials and complex supply chains, all while adhering to strict safety regulations. To explore the unique risks they encounter and the insurance solutions available, we spoke with Rachel Pinsonneault, a commercial underwriter at … Read more

The U.S. Equal Employment Opportunity Commission (EEOC) has taken legal action against R&L Carriers Shared Services, LLC, a freight transportation and logistics company. This lawsuit aims to enforce a subpoena issued during an investigation into claims of sex and pregnancy discrimination made by a driver employed at the company’s Matteson, Illinois location. The driver alleges … Read more

California has emerged as the leader in the U.S. property and casualty insurance market, raking in an impressive $94 billion in direct premiums for 2024. Following closely behind are Florida and Texas, with $71 billion and $59 billion, respectively. This data comes from recent reports by Insurance Business+. The entire property and casualty insurance sector … Read more

Mergers and acquisitions are on the rise again in 2025. Dealmakers are eager to take advantage of steady interest rates, available capital, and new opportunities in various sectors. However, challenges remain, especially due to geopolitical tensions. Issues like trade policy uncertainty in the U.S., the ongoing conflict in Ukraine, and political shifts in countries such … Read more

As severe convective storms (SCS) become more common, insurance companies are feeling the pressure to change how they handle risk. A recent partnership with Munich Re has highlighted the urgent need for the industry to rethink its strategies in light of rising losses from these extreme weather events. In 2024, tornadoes, hail, and wind storms … Read more

Resilience, a company specializing in cyber risk solutions, has launched a new coverage option for technology errors and omissions (tech E&O) in the UK and Europe. This new offering is made possible through a partnership with Accredited Insurances. The tech E&O coverage is available for businesses in the UK with annual revenues over £50 million … Read more

Dallas-based Novatae Risk Management has acquired Ajax Specialty Insurance, a wholesaler located in Atlanta. This move is part of Novatae’s strategy to expand its reach in the insurance market. Ajax Specialty Insurance was founded in 2012 by Andy Bierbaum, who later brought on Karen Kutger as a co-owner in 2018. The company focuses on providing … Read more

DaVita Inc., a major provider of kidney dialysis services in the United States, has reported a ransomware attack that has disrupted parts of its network. The company, which operates in over 700 hospitals across the country, informed the U.S. Securities and Exchange Commission about the incident on Monday. The ransomware attack has affected some of … Read more

In 2024, the insurance brokerage industry experienced a significant surge in mergers and acquisitions, highlighted by several major deals. Notable among these was Aon’s acquisition of NFP and the anticipated merger between Gallagher and AssuredPartners. This wave of activity is reshaping the landscape for brokerages, prompting mid-sized firms to rethink their strategies. Phil Trem, president … Read more

Marks & Spencer is facing a serious crisis after a cyberattack that has cost the company nearly $1 billion in market value. This breach has raised concerns about the security of remote work and how it may have allowed hackers to infiltrate the retailer’s systems. The attack has disrupted operations at one of the UK’s … Read more