Full content: A property insurer is on solid ground in applying depreciation to actual cash value, as long as the policy makes that plan clear, a federal appeals court said in shooting down a proposed class-action lawsuit against Cincinnati Casualty Co. The …

Full content: Coastal-focused homeowners and flood insurance broker ShoreOne Insurance Managers, Inc. has been acquired by Totalis Program Underwriters, a New York specialty insurance platform that is part of NFP, an Aon company. Terms of the deal were not disclosed. However, BrightShore …

Full content: Melody Gray joined Alliant Insurance Services as vice president within its employee benefits group. Gray is based in Portland, Oregon, and will design and deliver a range of employee benefits solutions to a client base throughout the Pacific Northwest and …

Full content: A married couple from New Bedford, Massachusetts pleaded guilty yesterday in federal court in Boston to a scheme to defraud insurance clients through their business, BL Insurance Brokerage, LLC. According to U.S. Attorney Leah B. Foley, Brendan and Lisa Lawler …

Full content: Law enforcement officials on Tuesday said they are taking steps to monitor and counter threats to Jewish and Muslim communities nationwide since the onset of war in the Middle East, multiple hate crimes and an attempted terror attack prompted increased …

Full content: A Michigan woman pled guilty to organizing a high-volume theft ring targeting Ulta Beauty stores in Wayne, Oakland, and Macomb counties, announced Michigan Attorney General Dana Nessel. Cheaira Broughton, 38, of Detroit, was charged by the Department of Attorney General …

Full content: AM Besthas revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) for the following pooled members of Western Reserve Group: Western Reserve Mutual Casualty …

Full content: The Society of Actuaries (SOA), the world’s largest actuarial professional organization, named Clar Rosso as the new CEO, effective May 4. Rosso assumes the role from Greg Heidrich, who is retiring after serving as CEO since 2007. Rosso recently served …

Full content: Marsh Risk said it has secured comprehensive insurance coverage for TerraPower’s Kemmerer Unit 1 in Kemmerer, Wyoming, considered the nation’s first commercial-scale, advanced nuclear power plant approved for construction by the Nuclear Regulatory Commission. According to Marsh, the placement is …

Full content: Georgia could become the first state to require every student to be checked for weapons when arriving at a public school each day. A bill is nearing passage that would require weapons detection systems in a further reaction to a …

Full content: Jurors in the first two trials in the U.S. from a growing wave of lawsuits targeting social media firms over harm to children have found Meta and Alphabet’s Google liable, potentially teeing up an appeals fight that could reshape how …

Full content: First Central Group Ltd., the UK vehicle and home insurer, has appointed investment banks as it prepares for a potential initial public offering in London, according to people familiar with the matter. The company has lined up Deutsche Bank AG …

Full content: Uber Technologies and autonomous mobility companies Verne and Pony.ai have partnered up to launch Europe’s first commercial robotaxi service in the Croatian capital Zagreb, with plans to expand to other cities, they said on Thursday. Robotaxis are rapidly expanding into …

Full content: It’s not how the program was supposed to work. But thanks to a legal anachronism, Britain’s state-backed plan intended to help those most exposed to flooding has ended up favoring the country’s richest property owners. Economists at the Bank of …