Wisconsin Roofing Contractor Hit with $262K Penalty for Not Safeguarding Workers

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

Personnel Changes: Arch Insurance Appoints Seip from LSM as Head of Fine Art & Specie for Europe; Berkshire Hathaway Specialty Insurance Elevates Gormley and Reddin in Ireland.

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 Evolution of Underwriting: The Impact of Technology on Commercial Auto Insurance

In a significant shift for the commercial auto insurance industry, STAR Mutual RRG has launched a new digital underwriting platform that promises to streamline the application process. This change comes as the industry moves away from traditional methods that often involve lengthy paperwork and manual reviews. The new system is designed to provide faster service … Read more

Marsh files a lawsuit against Aon following the large-scale departure of its surety team amid claims of poaching.

Marsh USA has taken legal action against Aon Risk Services Companies in a federal court in New York. The lawsuit alleges that Aon orchestrated a mass exodus of key employees from Marsh’s construction surety practice, including senior leaders. This incident has raised eyebrows in the industry, highlighting the ongoing tensions between major players in the … Read more

Insurance brokers claim that wildfire lawsuits fail to address the true insurance crisis facing California.

Two lawsuits filed in Los Angeles are raising eyebrows as they accuse major home insurance companies of working together to limit coverage in areas prone to wildfires in California. This situation is pushing many homeowners toward the state’s expensive and minimal FAIR Plan. The lawsuits argue that this coordinated effort breaks California’s antitrust and unfair … Read more

$5 Million Recovered for Union Targeted by Spoofed Email Attack

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

Personnel Updates: Markel Elevates Brooke to Senior Underwriter for War and Terrorism; BHSI Appoints Kidd to Newly Established Position of Head of Underwriting in Europe.

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

What is the cost of business insurance?

Running a business involves taking risks, and one of the best ways to protect your investment is through business insurance. However, many business owners often wonder about the cost of this coverage. The truth is, the price varies based on several factors. Several elements can influence how much you’ll pay for business insurance. Here are … Read more