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Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board
W.R Berkley reported a “flattish” top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The insurer’s chief executive signaled a change in the level of rate increases going forward. President and CEO W. Robert Berkley, …
POSTED JANUARY 29, 2026 6:45 AM |
People Moves: Marsh Risk Expands US Surety Team; AXA XL Appoints Billingslea as Head of Energy; Nixon Joins KCC Leadership Team
Marsh Risk Expands US Surety Team With 3 Leadership Appointments Marsh Risk, headquartered in New York City, made three leadership appointments. Jimmy Tse was named U.S. financial institutions surety growth leader. Tse has 20 years of experience in financial institutions, …
POSTED JANUARY 29, 2026 6:38 AM |
Russia-Linked Oil Tanker Loses Control Again in Mediterranean
A second Russia-linked oil tanker lost control as it was entering the Mediterranean Sea in under a week. The medium-range vessel Chariot Tide first showed signs of difficulty as it approached Tangier, Morocco, on Jan. 21, when its speed abruptly …
POSTED JANUARY 29, 2026 6:15 AM |
US Marshals Are Investigating a Possible Digital-Asset Hack
The US Marshals Service, which provides custody of cryptocurrencies seized by or forfeited to federal law enforcement agencies, said it’s investigating a possible hack of US government digital-asset accounts. “At this time, we will not be making any statement as …
POSTED JANUARY 29, 2026 6:14 AM |
Breakdown Cover and Car Insurance Firm RAC Poised to Pick Banks for London IPO
Breakdown cover and car insurance company RAC is close to selecting banks to lead its initial public offering in London, according to people familiar with the matter. The nearly 130-year-old firm is set to pick Goldman Sachs Group Inc., Bank …
POSTED JANUARY 29, 2026 6:05 AM |
Winter Storm to Cause Billions of Dollars in Insured Losses: UBS
A major winter storm that hit the United States in recent days is expected to cause billions of dollars in insured losses, analysts at brokerage UBS said in a note. The heavy storm has left much of the central and …
POSTED JANUARY 29, 2026 6:02 AM |
Florida House Panel Approves Bill to Waive Building Permits on Work of Less Than $7,500
Spending $7,500 on home repairs may not seem like much in 2026. But a bill approved by a Florida House of Representatives panel on Wednesday would allow construction work below that threshold without a building permit, a change that could …
POSTED JANUARY 29, 2026 6:01 AM |
Commerce Department Plans National AI Center in San Francisco
The U.S. Department of Commerce is preparing to open a national artificial-intelligence center in San Francisco, putting it closer to firms at the center of some of the government’s most high-profile initiatives. In addition to the Bay Area, AI export …
POSTED JANUARY 29, 2026 6:00 AM |
Judge Allows Massachusetts Wind Project to Resume Construction, Blocking Trump Pause
A federal judge on Tuesday allowed Vineyard Wind to resume work on its Massachusetts offshore wind project, which President Donald Trump’s administration halted along with four other projects last month due to national security concerns. The ruling by U.S. District …
POSTED JANUARY 29, 2026 6:00 AM |
People Moves: Brown Appointed Vermont Deputy Commissioner of Captive Insurance
The Vermont Department of Financial Regulation announced the gubernatorial appointment of Christine Brown as deputy commissioner of its captive insurance division. Brown has served in an acting capacity since the start of the year. Brown joined the captive insurance division …
POSTED JANUARY 29, 2026 6:00 AM |
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