Insurance Journal

Bishop Street Underwriters announced the rollout of Bishop Street Program Managers (BSPM), an incubator for developing managing general agents (MGA). Embedded within Bishop Street’s ecosystem and backed by its $600 million gross written premium platform, BSPM promises to provide the …... Read more

Delaware’s workers’ compensation insurance rates paid by employers will decrease for the ninth year in a row, effective December 1. The voluntary private market average loss costs are expected to drop by 11.6%, while the residual market for high risk …... Read more

MNK International Acquires New Broker in Turkey MNK International, a London-based independent Lloyd’s broker, has acquired a new broker in Türkiye for an undisclosed amount. The business will focus on insurance and reinsurance solutions across a range of complex and …... Read more

The Baldwin Group, headquartered in Tampa, Florida, added Mike Campo as a partner in its construction practice, effective October 27. Campo is a Kansas City–based industry veteran who previously led construction practices at IMA and Lockton, advising contractors, developers, and …... Read more

Being Pleasant Is Key to Success at Small but Growing Southern California Firm Being pleasant may not sound like it’s part of a recipe for success at a firm operating in a space where people survive and thrive by making …... Read more

This edition of International People Moves details appointments at Aon and ACORD Solutions Group. A summary of these new hires follows here. Insurance broker Aon plc announced the appointments of Andrew Secker as EMEA chief client officer (CCO) for Reinsurance …... Read more

The Trump administration is readying a proposal to open almost all US coastal waters to new offshore oil drilling despite opposition from state governors and the president’s previous efforts to close off some of the territory. The draft plan for …... Read more

Extreme ocean heat has eradicated two key coral species in Florida from a 350-mile-long reef that protects the state’s coastal cities from storms and provides habitat for fisheries, scientists have found. A record marine heat wave in 2023 killed so …... Read more

Oil major TotalEnergies misled consumers in a 2021 ad campaign claiming it could become carbon neutral by 2050, a French civil court found on Thursday, in the first decision applying France’s greenwashing law to an energy company. The court ordered …... Read more

DSP Doubles Down on Independence by Developing From Within As president of DSP Insurance Services, Taylor Virgil is proud to say that the Schaumburg, Illinois-based agency has taken the road less traveled. At a time when many agencies of its …... Read more

Higginbotham’s Extraordinary Growth Fueled by Recognizing Talent at Every Level It’s not by accident that Higginbotham continually finds itself on the shortlist of best independent insurance agencies to work for. The Fort Worth, Texas-based firm is intentional about every aspect …... Read more

The largest retirement community in the world is expanding even further with a nearly $130 million high-yield debt deal. The Villages, a 57,000-acre Floridian megaplex, already part of the fastest-growing metropolitan area in the US, plans to tap municipal-bond investors …... Read more

Air traffic control staffing issues are delaying travel at airports in New York, Washington, Newark and Houston, the Federal Aviation Administration said late on Thursday, as a U.S. government shutdown hit its 23rd day. The FAA was reporting staffing issues …... Read more

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering Excess Cyber Insurance policies in Quebec along with a refreshed Excess offering across Canada. The refreshed Excess offering will enable Canadian businesses, now including those …... Read more

Rivian has agreed to settle a 2022 class-action lawsuit by paying $250 million to some shareholders who had alleged the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday. The …... Read more