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Brookfield Merges Insurance Unit as Flatt’s Overhaul Takes Hold
Brookfield Corp. is merging its shares with those of its insurance business as the firm pushes ahead with plans to transform itself into an investment-led insurer. The merger of the parent company and the insurance business will improve Brookfield Corp.’s …
POSTED MAY 14, 2026 2:03 PM |
Alex Murdaugh’s Murder Conviction Tossed on Clerk Interference
Richard Alexander Murdaugh, the disbarred South Carolina attorney found guilty in 2023 of murdering his wife and son, won his bid Wednesday to overturn his conviction and get a new trial over comments the county clerk made to jurors. The …
POSTED MAY 14, 2026 1:42 PM |
AM Best Downgrades Credit Ratings of Arrow Mutual of Massachusetts
AM Best has downgraded the credit ratings of Massachusetts-based workers’ compensation carrier Arrow Mutual Liability Insurance Co. The ratings firm downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb+” (Good) …
POSTED MAY 14, 2026 1:37 PM |
Denver Airport Security Missed Trespasser Killed By Plane on Runway
Workers at Denver airport missed a security breach by a man who scaled a perimeter fence and crossed a runway where he was hit and killed in a fiery collision by a plane with 231 people on board, authorities said …
POSTED MAY 14, 2026 1:31 PM |
South Florida Wildfires Have Burned Thousands of Acres
A pair of South Florida wildfires that torched thousands of acres in the Everglades over the weekend spread Monday as fire crews worked to contain them. The Florida Forest Service posted on Facebook that the growing fires were producing smoky …
POSTED MAY 14, 2026 1:18 PM |
California Attorney General Looking into FIFA World Cup Ticketing Practices
California Attorney General Rob Bonta is looking into what he says are reports of misleading ticketing practices for the 2026 FIFA World Cup that are potential violations of California law. Bonta sent a letter to FIFA raising concerns about ticketing …
POSTED MAY 14, 2026 1:14 PM |
Markets/Coverages: AXA XL Starts Prevention-Focused Business Unit; Markel Adds New Media, Entertainment Offerings
AXA XL announced the creation of a new Business Unit dedicated to prevention. The new unit, led by Global Chief Underwriting Officer Libby Benet, will accelerate the development and reach of AXA XL’s risk consulting capabilities and prevention services. The …
POSTED MAY 14, 2026 1:08 PM |
New York Hopes Captives Can Lower Affordable Housing Insurance Costs
New York State is providing financial assistance to a captive insurer and taking other steps to advance this form of self-insurance as part of an effort to lower insurance costs for operators of affordable housing. The state has made a …
POSTED MAY 14, 2026 12:52 PM |
Tesla Premiums Soared in 2025 With Loss Ratios Worse Than Industry
While auto insurance leaders reported premium growth percentages in the single digits last year, with sprinters like Progressive and Root up in the low-to-mid teens, premiums at Tesla’s insurance operations skyrocketed 40.7%, according to a new analysis. S&P Global Market …
POSTED MAY 14, 2026 12:49 PM |
People Moves: Ariel Re Taps Gallagher Re’s Sammons as Active U/W of Syndicate 2006; McLarens Appoints 2 Senior Leaders in Middle East
This edition of International People Moves details appointments at Ariel Re and McLarens. A summary of these new hires follows here. Ariel Re Taps Gallagher Re’s Sammons as Active Underwriter of Syndicate 2006 Ariel Re, the Bermuda-based reinsurer, announced the …
POSTED MAY 14, 2026 12:40 PM |
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