Novi Underwriters has named Jason Binette, James Cinque and Cody Ruggirello to its newly launched management liability offering. Featuring modern forms for a variety of risks and quick points of sale, coverage will benefit auto dealers, fintechs, manufacturers, retailers, foundations, biotech, staffing, entertainment, restaurants, start-ups and more. Binette has over 20 years of management liability underwriting experience, combining technical precision with product innovation and deep broker relationships. Prior to joining Novi, Binette led the Employment Practices Liability division at AmTrust Financial, where he managed underwriting operations for both standalone and integrated EPLI products across commercial lines. Cinque adds another two…
Author: Awais
Texas Mutual Names Cullison as SVP of Talent and Brand Strategy Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, recently announced Brittany Cullison as its senior vice president of talent and brand strategy, effective January 12. In this role, Cullison will be responsible for aligning Texas Mutual’s people, brand and purpose to strengthen the company’s position as an employer of choice and trusted partner to Texas businesses. Cullison brings more than 15 years of experience driving transformation in enterprise organizations and leading both human resources and brand functions. She most recently served as chief people officer…
Showcase your growth and be celebrated as one of America’s top-performing brokerages
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. The federal government announced the next 15 medicines for which it will seek price reductions with the help of Medicare’s new negotiating power, including the breast cancer drugs Kisqali and Verzenio and the HIV treatment Biktarvy. Those cuts, which are allowed through the Inflation Reduction Act, will go into effect in 2028. Also included in the third annual round of price negotiations were the rheumatoid arthritis medicines Orencia, Cimzia and Xeljanz, as well as Botox when it’s used for therapeutic purposes like…
A federal judge has allowed the manager of the cargo ship Dali involved in the tragic collapse of Baltimore’s Francis Scott Key Bridge in March 2024 to proceed for now with its claims under an 1851 maritime law that limits liability for shipowners. The state of Maryland and wrongful death claimants had sought to prevent Synergy Marine from invoking the Shipowners’ Limitation of Liability Act on the basis that Synergy does not meet the requirements as an owner of the ship and thus is not entitled to limited liability protection granted by the law. Under the maritime law, a shipowner’s…
Matt Coy The MEMIC Group, headquartered in Portland, Maine, hired Matt Coy as chief information officer (CIO), succeeding Jack Yao, who retired at the end of 2025 after more than nine years of service. Coy leads MEMIC’s technology strategy, rejoining MEMIC after serving as CIO at Montana State Fund, where he led enterprise-wide modernization and strategic technology initiatives. His career includes senior leadership roles such as vice president of information technology at MEMIC, director of application development for Aetna, and key positions at Optum and Coventry Health Care. Was this article valuable? Yes No Here are more articles you may…
A California seafood is paying $248,000 to resolve allegations it sold frozen seafood products with elevated levels of lead and cadmium without the required warnings. California Attorney General Rob Bonta’s office settled with Pacific American Fish Company Inc., a seafood distributor and processor based in Vernon, California, for a violation of Proposition 65 and California’s Unfair Competition Law. Under the settlement, PAFCO must implement practices to minimize the introduction of lead and cadmium during processing, provide legally required warnings and pay $248,000 in penalties. The settlement also includes provisions that will enable other sellers of fresh or frozen seafood products…
Fourth quarter 2025 net income at Progressive Corp. increased 25% compared to the same period a year ago to nearly $3 billion. Progressive reports results monthly. Net income for December was up 22% to about $1.15 billion. Full-year net income was about $11.3 billion, up from about $8.5 billion a year ago. The Mayfield Village, Ohio-based insurer’s Q4 2025 combined ratio was an even 88—nearly flat compared to Q4 2024’s result of 87.9. Net premiums written (NPW) in Q4 were about $21.1 billion, an increase of 10% compared to the same time period the prior year. For the year, Progressive…
With global reinsurance firm Hannover Re now having licensed its new insurance-linked securities (ILS) operation Hannover Re Capital Partners (HCP) in Bermuda, the company has revealed that Bermuda P&C leader Michael Eberhardt takes on the CEO position while Head of ILS Patrick Horstmann is a Director of the new unit.We reported earlier this week, in our update on Bermuda ILS registrations from 2025, that among those licensed towards the end of the year was Hannover Re Capital Partners Limited and its registration as an agent within the intermediary category of the Bermuda Monetary Authority’s data disclosure. Hannover Re Capital Partners…
If you or someone you know may be experiencing a mental health crisis, contact the 988 Suicide & Crisis Lifeline by dialing or texting “988.” Kaitlin Cooke of Cartersville, Georgia, was contemplating suicide when she started calling a statewide mental health crisis line in 2018. She said she would sneak outside and call the hotline behind her car, where her boyfriend would not hear her. The counselors who answered her calls were there for her when no one else was, she said. Each time she called, they spoke to her for at least 45 minutes. And they told her that…
Doula care. Since 2021–2022, 13 states have added doula care expectations to their contracts, including three states with new requirements to include postpartum doulas as providers (Calif., Kan., Mass.). In total, 21 states now include doula requirements, and seven states explicitly name doulas as care providers during the postpartum period (Calif., Kan., Mass., Md., Minn., N.J., Va.). This substantial uptick in doula care expectations mirrors the growth in states providing Medicaid coverage for doulas — from eight states and D.C. in late 2022 to 23 states and D.C. as of June 2025. Some states go even further to include doula accessibility…
Bipartisan proposal would require auto carriers to return gains above statutory thresholds
In risk assessments, protests are often treated as discrete, event-driven shocks. They are usually triggered by specific government actions, such as cost-of-living pressures or, in Minnesota’s case, policing policies and immigration enforcement. But while protests may subside once demands are addressed or political momentum fades, polarization, by contrast, reshapes the social environment in which companies operate and increasingly drives long-term business risks.
The first lawsuits were filed on Wednesday by victims of a German bank heist in December, when burglars used the quiet Christmas period to drill their way into its vault and make off with millions, a lawyer said. The lawyer, Daniel Kuhlmann, said three cases were lodged with a court in Essen, Germany, holding the bank liable for damages for what he called lax security. Masked thieves last month accessed a branch of a savings bank in the western city of Gelsenkirchen through a parking garage, allowing them to bore into a vault with thousands of safety deposit boxes, police…