Berkley Regional Insurance Company, which insured Zappa’s employer, Schnoeckers, Inc. (doing business as BI Worldwide), covered the loss and then did what insurers do – it went after the responsible party. Through subrogation, Berkley stepped into its insured’s shoes and sued Amazon, Yishda, and the unknown manufacturer in Minnesota state court. After Amazon moved the case to federal court, Berkley dropped the other defendants and zeroed in on Amazon alone.
Author: Awais
Here is where the insurance fight begins. All Island’s commercial general liability policy with Peerless carries two additional insured endorsements, both tied to the same trigger – coverage applies for bodily injury “caused, in whole or in part, by” the named insured’s acts or omissions, or by those acting on its behalf, during ongoing operations. One of the endorsements also includes a primary and non-contributory provision when required by written contract. Travelers points to an August 7, 2013 subcontract that, it says, required All Island to name HSD and the owners as additional insureds on exactly that basis.
Our latest video features another panel discussion from Artemis ILS NYC 2026, a session focused on the expanding range of investment opportunities in the ILS asset class, from our tenth catastrophe bond and insurance-linked securities (ILS) conference in the ILS NYC series, held on February 6th 2026 in New York.With more than 450 attendees, ILS NYC 2026 was our largest conference yet, as most of of key players in the insurance-linked securities market were represented, alongside protection buyers, the largest ever contingent of end-investors at one of our events, asset managers and investors seeking education and contacts as they consider…
Panama-flagged tanker Idemitsu Maru, carrying 2 million barrels of Saudi oil, crossed the Strait of Hormuz, LSEG shipping data showed on Tuesday, becoming the first Japan-linked crude tanker to do so since the Iran war began. Before the U.S.-Iran conflict broke out on February 28 and disrupted Middle East crude oil and liquefied natural gas supplies, Japan relied on the region for 95% of its oil imports, much of it coming via the Strait of Hormuz. The move comes as Japan’s recent diplomatic efforts to safeguard energy supplies were disrupted by the war. Earlier in April, the Sohar LNG tanker…
Bridge Specialty Group has started a personal lines digital marketplace built on insurance technology provider Cogitate’s DigitalEdge platform. The digital platform is designed to streamline agent quoting, enhance underwriting efficiency, and support scalable expansion of carrier access. As one of the largest personal lines wholesalers in the U.S., Bridge Specialty Group is uniquely positioned to scale carrier access and simplify distribution for agents nationwide. The new platform enables agents to complete one common application and receive eligibility and premium indications across participating carriers within a unified digital experience. On DigitalEdge, the marketplace supports API-enabled carrier integrations and structured workflows for…
A tornado-producing thunderstorm left at least two people dead in northern Texas and displaced at least 20 families, with many homes sustaining major damage, authorities said Sunday. At least one person was killed and numerous homes were damaged Saturday night in the town of Runaway Bay, said Wise County Judge J.D. Clark, who serves as the county’s chief executive. Emergency responders worked to clear debris to reach damaged homes and provide medical care where needed, Clark said. “Access has been difficult due to blocked roadways and downed utilities, but crews have continued pushing forward to reach those in need,” Clark…
Baldwin’s claims include trade secret misappropriation under federal law, breach of contract, breach of fiduciary duty against Gonzalez and Ritter, conversion, a Florida computer access claim against Gonzalez, civil conspiracy, and tortious interference against EPIC. The brokerage is asking the court for an injunction, the return of confidential materials, inspection of the defendants’ electronic devices, and damages.
A powerful band of thunderstorms threatening softball-sized hail, tornadoes and dangerous winds are menacing Dallas and the US South, grounding hundreds of flights and knocking out power to thousands. As of 3:45 p.m. local time, 278 flights were canceled at Dallas Fort Worth International Airport with dozens of others grounded in Chicago and Atlanta as the storms send ripples through US air traffic, according to FlightAware, an airline tracking service. Tornado watches stretch from northeast Texas to western Tennessee, and there are at least four reports of possible twisters moving across the region, according to the National Weather Service. In…
The Pennsylvania Insurance Department (PID) is touting its success in growing the insurance agent workforce in the state. Over the last three years, the state has made entry for new insurance agents into the insurance industry faster, while also encouraging a new generation of individuals to consider a career in insurance, PID says. In 2023, the state eliminated various licensing fees and reduced agent application review times from 20 days to under eight days. PID claims that since this streamlining of credentialing for those seeking a career in insurance, 33,000 qualified licensees have joined the workforce. The following year, PID…
The risk of being sued is higher among certain specialties like surgeons, and increases the longer doctors practice medicine, according to the medical association's new report.
Novatae Risk Group, the wholesale insurance business of World Insurance Associates, announced that J. Clay Kadlic has joined the company as its new vice president of strategic partnerships. In this role, Kadlic will lead the development and execution of strategic partnership initiatives that support Novatae’s continued growth, enhance retail distribution capabilities, and strengthen key carrier relationships. Kadlic has more than 20 years of experience in the insurance industry primarily in business development and national relationship management. Throughout his career he has held national account and brokerage roles at H.W. Kaufman Group, Burns & Wilcox Brokerage, and Swett & Crawford.
The earnings‑per‑share elite If the ranking were based solely on earnings per share, Markel Group would win in a landslide. The Richmond, Va., specialty insurance business reported diluted earnings per share of $169.22 in 2025 — roughly four times Allstate’s level and more than seven times Cincinnati Financial’s. Its operating margin, at about 18 percent, and net margin, at 13.1 percent, also place it firmly in the profitability elite.
Sofidel America Corp., an international manufacturer of paper products with a plant in Inola, Oklahoma, will pay $80,000 and furnish other relief to settle a sex discrimination, sexual harassment and retaliation lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s suit, Sofidel allowed a male employee to sexually harass a young female coworker for more than six months, including making lewd sexual comments and forcibly trying to kiss her. She complained to the company on June 6, 2023, but the harassment continued, the EEOC said. Because Sofidel failed to protect her,…
This edition of International People Moves details appointments at managing general agents Banyan Risk and CFC. A summary of these new hires follows here. MGA Banyan Risk Taps Ex-SiriusPoint CEO Malloy as Executive MD Banyan Risk Ltd., a specialty managing general agent (MGA) based in Bermuda, announced the appointment of Dan Malloy as executive managing director, as the business enters its next phase of growth and continues to scale its underwriting platform. Dan Malloy Malloy is a veteran insurance and reinsurance executive with four decades of industry experience, having held senior executive and leadership positions across a range of brokerage,…