A federal court ordered a Northern California-based roofing contractor to pay $1.9 million in back wages and damages to 158 workers after a U.S. Department of Labor investigation reportedly found the employer failed to pay required overtime rates to workers. The action by the U.S. District Court for the Northern District of California in San […]
California Roofing Contractor Must Pay $2M in Unpaid Wages, Damages Read More »
2024 marked the 7th straight year of double-digit growth for the U.S. excess and surplus lines market, but the top 25 players no longer command 70 percent of the pie, according to a new report. AM Best’s latest report on the E&S segment, “Market Need for Specialized Expertise Propels U.S. Surplus Lines Market,” part of
7 Years of Double-Digit Growth; New Players on Top 25 E&S Insurers List Read More »
A day after SageSure announced plans to acquire Florida-based Olympus Insurance, a financial rating firm said it has some concerns. KBRA, the Kroll Bond Rating Agency, issued a notice Thursday that it has placed Olympus’ “BBB+” financial strength rating on “watch developing,” pending the merger that’s planned for early next year. “The Watch Developing status
After Merger Announcement, KBRA Puts Olympus’ Rating on Watch Read More »
The US will urge its allies in the Group of Seven to impose tariffs as high as 100% on China and India for their purchases of Russian oil in an effort to convince President Vladimir Putin to end his war in Ukraine. President Donald Trump said on Friday that his patience with Putin was “running
US Urges G-7 Sanctions on Russian Oil as Trump Loses Patience Read More »
A Wisconsin driver involved in a traffic crash last week that killed two Marquette University lacrosse players was drunk at the time, authorities alleged Wednesday in charging her with vehicular homicide. Amandria Brunner, 41, of West Allis, faces two counts of homicide by an intoxicated use of a vehicle while having a prior intoxicant-related conviction
Woman Charged in Traffic Deaths of 2 Marquette Lacrosse Players Was Drunk: Prosecutors Read More »
Direct written premiums saw double-digit growth for the seventh straight year for U.S. excess and surplus (E&S) insurers, according to Fitch Ratings’ latest annual property/casualty market review. Per a Fitch press release, U.S. E&S direct written premiums grew by 11% in 2024—down from 15% the prior year but higher than the 8% increase for U.S.
U.S. E&S Growth Slows but Remains Strong Read More »
The California Second District Court of Appeals found that a retail store chain illegally sold credit insurance to its customers. The California Department of Justice charged Adir International LLC (dba Curacao), and its owner Ron Azarkman of unlawfully profiting from the chain’s customers, alleging the retail store chain with 10 locations in Southern California illegally
California Court Rules LA Retailer Illegally Sold Credit Insurance Read More »
Insurance broker Willis has appointed Steve Blumhagen as a producer in the Upstate New York market. Based in the Buffalo office, Blumhagen will report directly to David Lofstrom, Northeast Deputy Leader – New England, and work with Vin Looney and the Upstate New York team. Blumhagen brings to Willis more than 10 years of experience
Blumhagen Joins Willis as Producer for Upstate New York Read More »
Uber Technologies Inc. was sued by the US Justice Department over claims that the ride-sharing giant discriminates against people with physical disabilities in violation of federal law. The department’s civil rights division alleged in a complaint filed Thursday in federal court in northern California that Uber drivers routinely refuse to accommodate passengers who travel with
Uber Sued by DOJ Over Passenger Disability Discrimination Read More »
An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. Last year after the first six months, the P/C industry booked $2.9 billion, according to a report from the rating agency. AM Best
Six-Month US P/C Underwriting Income Jumps to $11.2B Read More »