Author: completebodyneeds

Rokstone, the international specialty re/insurance MGA, announced the launch of a cargo stock-only program, supported by US$25 million of capacity, to support brokers and their clients with smarter, more flexible coverage and competitive premiums. One of just a handful of MGAs with the appetite, capability, and capacity relationships to deliver stock-only coverage, this new program is designed to meet the realities of today’s property and transit exposures, Rokstone said. The flexible program, which is underpinned by Rokstone’s technology capabilities, delivers competitive pricing, broader wordings, and lower deductibles. Rokstone said the program aims to respond to demand for more tailored inventory…

After almost 20 years of bouncing from campground to campground, Orr Family Ministries finally found its home in 2022 on a 12-acre tree-filled campground located on a hill in Colorado County. Kids played in the swimming pool, worshipped by the fire pit, and watched the sunset over the hill while learning about Bible stories. They called it Camp Oak Haven, providing refuge for about 100 children from surrounding low-income and rural communities. But, this summer, Camp Oak Haven won’t be reopening. Orr Family Ministries has sold the land because it could not meet sweeping regulations the state abruptly placed on…

Howden US is again being sued by a rival broker over another group of new employees who are alleged to have breached loyalty and post-employment contractual obligations. According to a lawsuit filed May 19 in U.S. District Court for the Southern District of Florida by Willis Towers Watson Northeast, former members of its marine team specializing in broking insurance for high net-worth owners and managers of high-end yachts all resigned to join Howden US “consistent with Howden’s playbook of hiring entire teams from other insurance brokerage companies and having those former employees violate their duties of loyalty while still employed…

A court was right to acknowledge an insurance company’s settlement of a claim and dismiss the lawsuit against its insured without the insured’s approval, the Maine Supreme Judicial Court has ruled. The insured, Patrick O’Brien, objected to the settlement and dismissal of a complaint alleging that he trespassed. Why? Because he wanted to establish a claim of wrongful use of civil process against the woman who accused him. A lower court declined to keep the legal case alive after the insurer settled. O’Brien appealed, arguing that the court abused its discretion in dismissing the complaint with prejudice against him. Now…

U.S. President Donald Trump is expected to sign an executive order on AI and cybersecurity as soon as Thursday, two sources familiar with the matter told Reuters, as pressure grows from parts of his political base to increase oversight of new AI models, such as Anthropic’s Mythos. The White House was working to get AI company CEOs to a signing ceremony with President Donald Trump, another source familiar with the planning said. The order would create a voluntary framework for AI developers to engage with the U.S. government about the public release of covered models, the sources said. Under the…

The U.S. property/casualty insurance industry is expected to see underlying growth decrease 3.7% for the first half of 2026 as it deals with economic uncertainty. The industry grew 1.6% in 2025, but a report from the Insurance Information Institute (Triple-I) and Milliman said replacement costs are projected to grow 2.1% for the first half 2026. Replacement costs are forecast to exceed U.S. inflation by 2028, “reinforcing the need for continued price discipline across P/C lines,” according to the report. The look-ahead hinges on the Federal Reserve’s interest rate decisions, with a holding pattern currently in place as the market monitors…

War has overtaken civil unrest as the political violence exposure that companies fear most, as conflicts in Europe and the Middle East disrupt global trade flows, strain political alliances, embolden adversarial powers and heighten risks to business assets, according to the Allianz Risk Barometer 2026. War was identified as the political violence exposure most feared by companies, surpassing civil unrest to garner 53% of the votes in the 2026 Allianz Risk Barometer, climbing from 48% in 2025. Allianz noted political risks and violence climbed to number seven in the Risk Barometer, its highest position ever (compared to number 9 in…

Containment has continued to increase on the Sandy fire in Simi Valley, which prompted evacuation orders for tens of thousands of people in Ventura County earlier this week. Though fire activity has slowed, the blaze still poses danger, fire officials said. The fire is 22% contained and has burned 2,115 acres. It had been only 15% contained on Wednesday morning. Evacuation orders are still in effect for several areas. Despite continued warm temperatures and gusty winds, overall fire activity currently remains minimal, according to CalFire. “Firefighters continue to make strong progress on the fire by utilizing direct suppression tactics to…

A U.S. jury found Takeda Pharmaceutical liable for causing about $885 million in damages by delaying a generic version of its constipation drug Amitiza through an anticompetitive scheme. Jurors in federal court in Boston, following a five-week trial, sided with wholesalers, insurers, health funds and retailers including CVS and Walgreens who said the delay forced them to overpay for the drug. The award could rise to several billion dollars. Federal antitrust law that covers the bulk of the plaintiffs’ claims allows damages to be automatically tripled, meaning $821.7 million of the jury’s award could swell to $2.47 billion. Japan-based Takeda…

The Archdiocese of New York (ADNY) has received the go-ahead to depose Chubb Insurance CEO Evan Greenberg in the ongoing legal dispute over liability insurance coverage for clergy sex abuse claims. Chubb sought to block the ADNY from deposing Greenberg, arguing that his testimony is unnecessary and irrelevant because the desired information could be gathered from other officers in the company. However, a court appointed special referee has denied Chubb’s request to preclude Greenberg’s deposition. The ADNY is suing Chubb insurers over their refusal to cover any of the thousands of clergy sex abuse claims it has faced since the…