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Markets/Coverages: Ryan Expands E&O Program for Small, Medium Insurance Agents
Managing general underwriter Ryan Financial Lines has expanded its national Insurance Agents & Brokers E&O Program, now offering an admitted product that is available to retail agents in most states. The enhanced program is tailored for property/casualty, personal lines, and …
POSTED AUGUST 19, 2025 1:54 PM |
New York Marijuana Shops Sue State Over Mistaken Openings Too Close to Schools
A group of marijuana dispensaries in New York sued the state on Friday after cannabis regulators admitted they accidentally allowed pot shops to open too close to schools, putting the future of the businesses in jeopardy. The lawsuit asks a …
POSTED AUGUST 19, 2025 12:50 PM |
CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules
CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that governments, hospitals, doctors …
POSTED AUGUST 19, 2025 11:52 AM |
Qantas Airways Fined $59M for Illegal Pandemic Layoffs
A judge on Monday fined Qantas Airways 90 million Australian dollars ($59 million) for illegally firing more than 1,800 ground staff at the start of the COVID-19 pandemic. The penalty is in addition to the A$120 million ($78 million) in …
POSTED AUGUST 19, 2025 11:42 AM |
Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide
Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights for its $1.2 billion global reinsurance business to Nationwide. This transaction was previously announced on July 30 and is part of what Markel cites …
POSTED AUGUST 19, 2025 11:30 AM |
Markets/Coverages: Inigo Provides Excess DIC/DIL Cover on Financial Fraud Policies
Inigo Ltd., the Lloyd’s specialty insurer, has launched a product that provides top-up cover on financial fraud policies. The product, called Inigo Crime Excess, is an excess DIC/DIL (difference in conditions and difference in limits) policy designed to sit excess …
POSTED AUGUST 19, 2025 10:52 AM |
Mumbai Drenched by More Rain as Highest Alert Issued for City
Mumbai is facing more heavy rain after a deluge that’s delayed flights, disrupted train services and closed schools, with India’s weather agency issuing its highest warning for the financial hub. Intense rain spells and wind gusts as high as 65 …
POSTED AUGUST 19, 2025 9:38 AM |
North Carolina Man Charged With More Than $1M in Travel Insurance Fraud
Investigators with the North Carolina Department of Insurance last week charged a man with swindling almost $1 million and attempting to gain another $887,500 from travel insurance companies from 2020 to 2024. Michael Gerard Renna, 50, of Clayton, near Raleigh, …
POSTED AUGUST 19, 2025 5:01 AM |
Newsmax Settles Dominion Defamation Case for $67M; Says It Couldn’t Get Fair Trial
Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. …
POSTED AUGUST 19, 2025 5:00 AM |
Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.
For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village …
POSTED AUGUST 19, 2025 5:00 AM |
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