Author: completebodyneeds

Lockton Insurance is among companies named in the NBA’s investigation into the Los Angeles Clippers’ circumvention of league salary cap rules to sign star Kawhi Leonard. Leonard and his then-business partner, Dennis Robertson, violated the league’s circumvention rules by pressuring the Clippers to assist the multiple time All-Star in securing off-court business deals, according to the NBA. NBA rules prohibit teams from facilitating endorsement deals for their players as a way to navigate salary cap restrictions. The league last month handed down historic punishments to the Clippers, including the forfeiture of five future first-round draft picks and a $30 million…

Prominent New Jersey insurance, development, and civic leader George Norcross III has filed a $100 million defamation lawsuit against the Philadelphia Inquirer and one of its editors for allegedly helping to orchestrate a bogus criminal case against him that was unanimously thrown out of court. Norcross claims he spent nearly two years “under the cloud of a politically motivated investigation” undertaken by former New Jersey Attorney General Matthew J. Platkin and facilitated by the Inquirer and its justice system editor Nancy Phillips. Norcross alleges that Phillips supplied law enforcement with false and fabricated notes from a 2019 interview with a…

National Aon Plc Raises $13.5 billion to Acquire USI Aon Plc raised $13.5 billion from a high-grade bond offering to help fund its planned acquisition of USI Insurance Services, marking one of the biggest M&A financing deals to come to market in 2026. Investors placed as much as $65 billion of orders on the sale, with the longest maturity drawing the most demand, according to people familiar with the matter. Aon sold notes in seven parts, with maturities ranging from three to 30 years. Price talk on the longest tenor tightened by 0.35 percentage point from initial discussions to a…

U.S. commercial insurance rates increased 0.5% in the second quarter of 2026, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing is continuing to move toward a more balanced market, with overall price increases moderating across many lines,” said Yi Jing, managing director, insurance consulting and technology, WTW. “While there are still areas of the market experiencing upward pricing pressure, the pace of change has slowed considerably. This quarter’s results reinforce the trend we’ve been seeing toward greater stability in commercial insurance pricing.” WTW said the result of the second quarter marks a continued moderation…

Employers’ attitudes toward cannabis are changing, but not solely by their choice. More employees are testing positive for marijuana use in the workplace today than five years ago, according to the 2026 Quest Diagnostics Drug Testing Index. Fewer employers are concerned, however. Some have stopped pre-employment cannabis screenings altogether, even in states where they are still permissible. Some are concerned they will not be able to compete for top talent. Others believe their policies won’t change employee behavior seen as increasingly mainstream. When employers relax their stance on cannabis, they increase the risk of workers’ compensation and liability claims. Agents…

By William Rabb Nick Kosiavelon, an insurance defense attorney in Massachusetts, tells the story about some plaintiffs’ lawyers he faced off against in a recent brain-injury lawsuit. He said within an hour of seeing the list of potential jurors in the jury pool, the lawyers from national injury law firm Morgan & Morgan seemed to have an incredible amount of information on their laptops about each potential juror, including social media postings, property records, education levels, employment, and more. The Morgan team was able to quickly decide who to exclude from the jury. “I mean, I don’t get that information…

National Marsh appointed Linda Jones as U.S. healthcare industry practice leader, Marsh Risk, effective today. Based in Washington, D.C., Jones reports to Darren Cromwell, industry practice group leader, Marsh Risk, U.S. and Canada. Jones has been advising health systems, hospitals, …

Houston and Dallas face more flooding rains Friday as storms continue to sweep across the eastern third of Texas, where thousands are without power and hundreds of flights were canceled Thursday. Dallas Fort Worth International Airport reported 3.47 inches (9 centimeters) of rain Thursday, the National Weather Service said. An additional 2 to 4 inches may fall Friday, mainly along the I-35 corridor. Houston may experience up to 2 to 4 inches per hour as thunderstorms sweep the region, threatening flash flooding. “Those living in areas prone to flooding should be prepared to take action should flooding develop,” the weather…

Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In connection with the Everest acquisition, Wawanesa launched a unit called “WSI,” which comprise former Everest Canada operations. “The introduction of WSI marks an important moment in the Canadian specialty market,” said Evan Johnston, President & CEO of Wawanesa. “We saw a company with remarkable characteristics and an impressive track record. We’re excited to build on that success and help WSI in creating something even greater for organizations across our country and the communities…

The US property/casualty insurance segment saw substantially fewer ratings downgrades with more ratings upgrades in the first half of 2026 — mostly related to either poor or improved operating performance, according to AM Best. There were about half as many downgrades in the first half of 2026 — or 3.8% of total rating actions, compared to 6.1% in the same period last year, said the ratings agency in a report titled “Substantially Fewer Downgrades for US P/C Insurers in First Half of 2026.” Upgrades increased to 8.2% of total rating actions in the first half of 2026, compared to 5.5%…