News
How E&S carriers are solving the problem that regulators created
6+ hour, 35+ min ago (582+ words) Insurance Business How E&S carriers are solving the problem that regulators created Surplus lines homeowners" policies in California surpassed 300, 000 in 2025. The E&S market is filling a gap regulators helped create Surplus lines homeowners" policies in California surpassed 300, 000 in…...
The broker appointment that cut Tas Networks insurance costs by 20%
5+ hour, 3+ min ago (286+ words) Tasmania's transmission and distribution network operator Tas Networks has reported insurance costs on the North West Transmission Developments (NWTD) project came in more than 20% below budget following a three-year engagement with broker Lockton " a result that points to how appointment…...
Court caps Lloyd's recovery from CSX after locomotives lost in hurricane
3+ day, 3+ hour ago (447+ words) A shipper's insurer just learned a hard lesson about subrogation: when your client picks the cheap freight rate, the carrier's liability cap holds." On June 25, 2026, the Seventh Circuit affirmed that two rail carriers owed only the capped amounts their shipping…...
Insurer says it never covered the truck, points to two rival carriers
3+ day, 3+ hour ago (393+ words) A trucking insurer has asked a federal court to declare it owes nothing on a New York crash claim, saying the truck and driver were never on its policy." United Financial Casualty Company filed suit June 25, 2026, in the Southern District…...
Insurance costs outpace revenue at America's biggest trucking fleets
3+ day, 7+ hour ago (647+ words) Insurance and claims costs at the 10 largest US trucking companies rose more than five times faster than revenue between 2021 and 2025, and by 2025, three of those companies were posting net losses, according to a Demotech analysis of SEC EDGAR filings. The…...
Nuclear verdicts and tariffs push trucking insurance past a tipping point
3+ day, 7+ hour ago (647+ words) Insurance and claims costs at the 10 largest US trucking companies rose more than five times faster than revenue between 2021 and 2025, and by 2025, three of those companies were posting net losses, according to a Demotech analysis of SEC EDGAR filings. The…...
Built in-house, built to last: Inside the tech strategy of a non-standard fleet MGA
4+ day, 6+ hour ago (685+ words) It is not the most obvious career trajectory: ancient world studies at the University of Manchester, followed by a career building the digital infrastructure of a fleet insurance managing general agent. But for Paul Waring (pictured), IT director at Blagrove…...
Cargo theft surge is tightening underwriting standards for Canadian trucking fleets
1+ week, 9+ hour ago (512+ words) Rising cargo theft across Canada is forcing insurers to sharpen their scrutiny of trucking operations, with carriers facing more demanding underwriting standards as claims continue to climb and organized criminal networks increasingly use digital fraud rather than physical force to…...
Rail underwriting gets supply-chain data boost
1+ week, 3+ day ago (478+ words) Insurance Business Rail underwriting gets supply-chain data boost Verified supplier data could influence pricing - and Canada's recent rail disruptions give the timing relevance A new platform linking independently verified rail supply chain data to insurance underwriting has launched in Canada,…...
King Risk Partners launches Transportation Practice with specialist hire
1+ week, 4+ day ago (515+ words) Mid-market brokers can no longer compete on generalist placement in transportation - King Risk Partners is building the infrastructure to prove it. .. King Risk Partners launches Transportation Practice with specialist hire Mid-market brokers can no longer compete on generalist placement in…...