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AM Best Revises Outlook to Stable for Ohio’s Buckeye State Mutual
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Buckeye State Mutual Insurance Company and its affiliate, Home and Farm …
POSTED OCTOBER 06, 2026 4:32 PM |
US Gulf Faces Heavy Rain Threat From Developing Tropical System
A tropical system developing in the Bay of Campeche may reach the US Gulf Coast this weekend, threatening heavy rain while potentially skirting major oil and gas hubs. The swirl of showers and winds has a 90% chance of becoming …
POSTED OCTOBER 06, 2026 4:29 PM |
People Moves: Hartford Names Smith as International Head of Distribution in UK; Augment Risk Taps Haynes From Carpenter for MGA Practice
This edition of International People Moves details appointments at the insurer Hartford International and the London broker Augment Risk. A summary of these new hires follows here. Hartford Names Smith as International Head of Distribution in UK The Hartford has …
POSTED OCTOBER 06, 2026 4:14 PM |
Agency Network SIAA Acquires MGA Canopy Specialty Insurance
Insurance agency network SIAA reports it has acquired Canopy Specialty Insurance, a specialty commercial property/casualty managing general agent (MGA) with operations in the U.S. and U.K. The addition of Canopy adds specialized underwriting and product development capabilities to SIAA’s broader …
POSTED OCTOBER 06, 2026 3:51 PM |
Markets/Coverages: Amwins Launches MGA illumin Specialty
Specialty insurance broker Amwins has launched illumin Specialty, a managing general agency (MGA) offering primary general liability and excess liability insurance. The MGA will work exclusively with wholesale brokers to focus on coverages for “challenging exposures across segments where market …
POSTED OCTOBER 06, 2026 3:18 PM |
Two Killed, Including Student, in School Bus Crash in Central Florida
A 10th-grade girl and a motorist were killed Monday morning when a car hit a school bus full of high school students in central Florida, causing the bus to swerve and overturn. Polk County Sheriff Grady Judd said at a …
POSTED OCTOBER 06, 2026 2:51 PM |
UK Watchdog Opens First Online Safety Act Probe Into Meta
Britain’s communications regulator opened its first formal investigation into Meta under the Online Safety Act on Tuesday, questioning whether it properly assessed risks posed by its Instagram Instants feature before launching it in May. Instants allows content shared by users …
POSTED OCTOBER 06, 2026 2:48 PM |
Markets/Coverages: Mosaic Offers Political Violence Cover in Europe, Capacity of €100M
Mosaic Insurance announced it now underwrites political violence coverage through its European headquarters in Germany to meet rising demand throughout the region. The company offers up to €100 million (US$112.1 million) of syndicated capacity, which is now accessible directly from …
POSTED OCTOBER 06, 2026 2:35 PM |
Pennsylvania High Court Upholds 48-Year Old Damages Cap Protecting State Agencies
The Pennsylvania Supreme Court last week upheld the constitutionality of the state’s $250,000 damages cap on claims against state agencies, turning aside arguments that the cap that was set in 1978 violates both the right to a jury trial and …
POSTED OCTOBER 06, 2026 2:20 PM |
Ukraine War Escalates as Black Sea Drone Strikes Hit Cargo Ships
Attacks on commercial vessels off the Black Sea’s western coast are on the rise, threatening already-choked trade flows in the region while testing NATO’s readiness to react. Two general cargo ships were hit by air and naval drones overnight in …
POSTED OCTOBER 06, 2026 1:57 PM |
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