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Specialty Program Group, based in Chicago, has bought ANOVA Marine Insurance, a managing general agent and Lloyd’s coverholder located in Florida. ANOVA, which started in 2011, provides insurance for cargo, logistics, liability, and bonds. Their clients include shipping lines, trading companies, and freight forwarders around the world. ANOVA has offices in Miami and New Jersey, … Read more

Workers at the Savannah River Site in South Carolina recently discovered a wasp nest that tested at radioactive levels ten times higher than federal safety limits. The site, which once played a key role in making parts for nuclear weapons, is now focused on cleaning up and producing nuclear fuel. Despite the high radiation found … Read more

Construction companies face many risks every day, from accidents on the jobsite to problems that show up long after a project wraps up. These issues can hit a contractor’s finances hard and even affect their reputation and chances of landing new work. That’s why liability insurance is so important for builders and contractors. John Hughes, … Read more

The California Department of Insurance has finished reviewing a new wildfire risk model created by Karen Clark & Company (KCC). This is California’s second wildfire catastrophe model approved for insurers to use when setting home insurance rates. The approval comes as the state faces a severe homeowners insurance crisis caused by increasingly destructive wildfires and … Read more

Global insurance broker Arthur J. Gallagher & Co. has reported strong growth for the third quarter ending September 30, 2025. The company’s revenue jumped 20% to $3.33 billion, up from $2.76 billion during the same period last year. Despite this boost, net earnings fell to $273.6 million, down from $314.1 million in 2024. On the … Read more

A Hawai‘i appeals court has given new life to Tiki’s Grill & Bar’s legal battle over its business interruption insurance claim related to the COVID-19 pandemic. On October 29, the state’s Intermediate Court of Appeals overturned a previous ruling that had favored the insurer, DTRIC Insurance Company, and sent the case back for more review. … Read more

Global property insurance rates have dropped again, as 2025 turns out to be a much calmer year for natural disaster claims than expected. Despite early worries after the devastating Palisades Fire in Los Angeles and the damage from Hurricane Melissa in Jamaica, insurers are seeing less pressure on premiums thanks to fewer catastrophic events overall. … Read more

AXA SA’s shares dropped sharply, marking their biggest single-day fall since early April, after the French insurer reported a profit that missed expectations and revealed plans to buy a majority stake in Italian car insurer Prima Assicurazioni. The stock slid as much as 7% following news that AXA’s first-half net income fell 2.4% to €3.92 … Read more

International insurer QBE and specialty insurer HDI Global have announced key new appointments as they expand their leadership teams and market presence in Europe. QBE has brought on Paul Peerdeman, a seasoned expert in marine insurance, to lead the launch of its marine products in the Netherlands starting August 1. Peerdeman, who has over 35 … Read more

Rich Hartman has spent his career working in construction insurance, and he knows well how varied and challenging the job can be. From large design firms to state agencies and major contractors, he deals with different clients every day. As the senior vice president and construction professional liability broking leader at NFP, Hartman has found … Read more