Insurers Suing Norfolk Southern to Recoup Derailment Losses

insurer sue Norfolk Southern

A group of insurance companies filed a subrogation lawsuit against Norfolk Southern seeking to recoup on claims paid to cover damages from the February 2023 train derailment and subsequent release of toxic chemicals in East Palestine, Ohio, according to documents filed at the U.S. District Court for the Northern District of Ohio. 

Ryan Specialty to Implement Leadership Succession Plan in October 2024

Ryan Specialty succession plan

Under the plan, Patrick G. Ryan, the Company’s Founder, Chairman, and Chief Executive Officer, will transition to the role of Executive Chairman, and Timothy W. Turner, President of Ryan Specialty and Chairman and CEO of Ryan Turner Specialty (“RT Specialty”), will become Chief Executive Officer.

Insurance Carriers Warn Standardizing Cyber Policies Could Limit Future Coverage

Insurers on cyber insurance standardization

Insurers told a congressional hearing Thursday that they need the flexibility to determine what they will and won’t cover under cyber policies, saying they are still trying to understand the risks associated with cyberattacks.

Vertafore: The State of Independent Agencies in 2024

Vertafore report on state of independent agencies

This year, Vertafore heard from nearly 2,000 individuals working at independent agencies. This diverse pool of insurance professionals shared insights into their day-to-day experience working in the industry, the impacts of the unprecedented hard market, and how they leverage technology to serve their clients.