Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
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El Niño Sees African Union Insurance Agency Pay Out $60 Million

The African Union’s climate insurance agency will pay out at least $60 million to four southern African nations to help them offset the impact of a drought that’s been driven by the El Niño weather pattern, its director general said. …

Tue May 7, 2024 20:01
Michigan Supreme Court Rules Against Couple in Drone Surveillance Case

The Michigan Supreme Court unanimously ruled in favor of a local government Friday in a dispute over sending a drone to take pictures of a rural salvage yard without permission. Liberal and conservative groups closely watched the case, even joining …

Tue May 7, 2024 19:02
Specialist Casualty MGA Casper Secures New Capacity Partners, Chaucer and TMK

Casper Specialty UK Ltd., the casualty-focused MGA and independent sister company to the broker Miller, announced it had secured two new capacity providers, as it enters its second year of trading. Chaucer and TMK have joined Argenta to provide additional …

Tue May 7, 2024 19:02
Higginbotham Acquires Texas’ Barnard Insurance Group

Higginbotham announced it has acquired Barnard Insurance Group of Wichita Falls, Texas. Family owned and operated since 1931, Barnard is an independent agency with services that include personal, life and health, and commercial coverage. Barnard specializes in oil and gas …

Tue May 7, 2024 19:02
Skyward Specialty Announces Pricing of Secondary Offering of Common Stock

Skyward Specialty Insurance Group, Inc.announced the pricing of its secondary offering of 4,400,000 shares being offered by The Westaim Corporation, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”) at $36.50. In connection with the offering, the Selling …

Tue May 7, 2024 19:02
US Indicts Leader of Prolific LockBit Ransomware Gang

The leader of one of the most prolific ransomware gangs was indicted and sanctioned by the US government on Tuesday, the latest effort by law enforcement authorities to crack down on rampant cybercrime. Dmitry Yuryevich Khoroshev, a 31-year-old Russian national, …

Tue May 7, 2024 19:02

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