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SiriusPoint Ltd., a specialty insurer and reinsurer based in Bermuda, is set to sell its 49% stake in Arcadian Risk Capital, a managing general agent, to private equity firm Lee Equity Partners for $139 million. This sale includes a pre-close dividend and marks another step in SiriusPoint’s evolving business strategy. Alongside the sale, SiriusPoint has … Read more

The superintendent of Iowa’s largest school district, Ian Roberts, has come under fire after federal authorities revealed he had a history of criminal charges and was in the U.S. illegally. Roberts was arrested last week by immigration agents, shocking the Des Moines community and leading the school board to sue the consulting firm it hired … Read more

French credit insurer Coface SA reported a net income of €222 million ($262 million) for 2025, marking a 15% drop from the previous year. The company attributed this decline to rising claims and increased competition in the market, which put pressure on earnings. Coface, based in Paris, saw its consolidated turnover rise slightly by 0.1% … Read more

Kyle Sternadori from Navigators, a part of The Hartford, recently shared his thoughts on how to handle both hard and soft insurance markets. In a chat featured on Insurance Business TV, he talked about what companies should keep in mind during tough market times, the gaps in protection that often arise, and regions heavily affected … Read more

The U.S. Supreme Court has ruled that former President Donald Trump went too far when he used emergency powers to impose broad tariffs on imports from countries like Canada, China, and Mexico. The decision, released on Friday, says Trump exceeded his authority by invoking the 1977 International Emergency Economic Powers Act (IEEPA) to enforce these … Read more

Many small and mid-sized construction companies often hesitate to hire a dedicated safety coordinator, seeing it as an unnecessary expense. But experts say that decision can lead to costly problems as a business grows. Shawn Gentry, Senior Loss Control Construction Manager at Central Insurance, points out that safety is more than just following rules or … Read more

New Century Insurance Company, a Texas-only property and casualty insurer, has been placed into liquidation after a court ruled it insolvent. The Travis County District Court in Austin made the decision on September 3, following findings that the company’s assets are not enough to cover its liabilities. As a result, the Texas commissioner of insurance … Read more

California Attorney General Rob Bonta is stepping up the fight against the Trump administration’s rollbacks on environmental protections. Speaking during New York Climate Week, Bonta said California plans to keep suing over actions that break the law and harm the state’s people and environment. So far, the state has filed more than one lawsuit per … Read more

Highstreet Insurance Partners, based in Traverse City, Michigan, has named Kristen Stokes as its new chief broking officer. Stokes will work out of Highstreet’s New York City office and join the company’s executive leadership team. With over 20 years of experience in the insurance world, Stokes brings a strong background to her new role. She … Read more

A recent ruling by the Michigan Court of Appeals has clarified that bobtail insurance policies, which cover truck drivers when they’re driving without cargo, cannot limit mandatory personal injury protection (PIP) coverage to just the vehicles listed on a policy. Instead, the court confirmed that this coverage must follow the person insured, no matter what … Read more