Ryan Specialty Group, a leading international specialty insurance firm, completes acquisition of certain assets of Keystone Risk Partners, LLC (“Keystone”), based in Media, PA. Previous announcement dated December 13, 2021. Keystone Risk Partners offers a range of alternative risk products and services, including captive consulting and management, as well as marketing or placement services, plus… Continue reading Ryan Specialty Completes Acquisition of Keystone Risk Partners
Author: Farkas Laura
Colorado Residents, Business Owners Face Challenging Insurance Situation in the Wake of Marshall Fire
Residents and business owners who lost everything in the Marshall Fire face a daunting insurance situation in which skyrocketing property values and supply-chain shortages make it unlikely that many home or business insurance policies will cover the full cost of rebuilding. “Statewide, we’ve had all these increases in property values, and very often the policies… Continue reading Colorado Residents, Business Owners Face Challenging Insurance Situation in the Wake of Marshall Fire
Riot Games Agrees to Pay $100MM in Settlement of Class-Action Gender Discrimination Lawsuit
Riot Games, the publisher of “League of Legends,” announced Monday that it has settled a 2018 gender-based discrimination class-action suit with California state agencies and current and former female employees for $100 million. The company will pay $80 million to class-action suit participants and approximately $20 million to plaintiffs’ legal fees. Melanie McCracken and Jess… Continue reading Riot Games Agrees to Pay $100MM in Settlement of Class-Action Gender Discrimination Lawsuit
American Businesses Will Lose More than 3.1 Million Days of Operation from Flooding Next Year
A new report from First Street Foundation and global engineering and consulting firm Arup provides new insights for communities at risk of flooding. While previous studies by First Street Foundation have provided flood risk data for individual homeowners, this report offers a data-driven assessment of flood-related risks on the commercial market. Titled “The 4th National… Continue reading American Businesses Will Lose More than 3.1 Million Days of Operation from Flooding Next Year
Champlain Towers South’s Deterioration Over Decades Led to One of the Deadliest Building Failures in U.S. History
Abraham Topp and his brother moved into the Champlain Towers South condo where their parents had lived happily for two decades on an idyllic stretch of beach in 2017—and quickly discovered signs of trouble. Mr. Topp stated that water had consistently leaked into the underground garage beneath the pool deck. Workers removed pavers from the… Continue reading Champlain Towers South’s Deterioration Over Decades Led to One of the Deadliest Building Failures in U.S. History
Omicron May Sideline Many Workers Under Vaccination-or-Testing Mandate
In recent weeks, the NBA, NFL, and NHL have been hit with a rash of COVID-19 outbreaks, leaving teams with depleted rosters and forcing some games to be postponed, while college football has been forced to cancel a few bowl games. Consider how many restaurants, stores, hotels, and factories there are in the United States.… Continue reading Omicron May Sideline Many Workers Under Vaccination-or-Testing Mandate
Conning: Small Business Insurers Weather the Pandemic Storm
The small commercial insurance market is riding out the COVID-19 pandemic in a determined manner positing approximately 4.2% compound growth between 2017-2020, according to a new study by Conning. Additionally, the market continues to be attractive for insurers on the national, regional, and specialty levels. The sheer number of firms and multiple dimensions to split… Continue reading Conning: Small Business Insurers Weather the Pandemic Storm
A Look into Ultra-High-Net-Worth Individuals’ Preferences on Financial Advising and Investment Management
Chubb and The Wharton School of the University of Pennsylvania have released a new research report that examines differences in how wealth managers and ultra-high-net-worth (UHNW) individuals evaluate assets and coordinate risk management activities. The study, which included a survey of 100 UHNW investors, family office members, and key financial decision makers, found that these… Continue reading A Look into Ultra-High-Net-Worth Individuals’ Preferences on Financial Advising and Investment Management
Regulators Seek Rating Details for Privately Issued Bonds Held by Insurers
In a low-interest-rate environment, insurers have been purchasing privately issued bonds in order to earn higher yields. State regulators are now requesting more information about these investments, which underpin many Americans’ life insurance policies. Beginning in January, insurers will be required to file information about the credit ratings of privately issued bonds that they purchase.… Continue reading Regulators Seek Rating Details for Privately Issued Bonds Held by Insurers
Small and Midsize Businesses Are Revising Their Supply-Chain Playbooks to Ease Costs, Capacity Crunch
Businesses shook by high logistics costs and freight bottlenecks are extending the workarounds they used during the pandemic and implementing new strategies to alleviate supply-chain pain in the new year. Some are increasing their use of stopgap measures, such as storing goods in idle truck trailers, while others are making more concerted efforts to extract… Continue reading Small and Midsize Businesses Are Revising Their Supply-Chain Playbooks to Ease Costs, Capacity Crunch