Bridge Specialty said earlier this year that it now supports a premium book of more than $7 billion across over 230 admitted, E&S and Lloyd’s markets, with more than 50 locations and 2,000 staff across the US, UK, Europe and Asia. Its personal lines arm alone places upward of $650 million in premium across 12 brands and 15 US locations.
Author: Awais
A cyberattack that stole $4.8 million in taxpayer money has spurred a New Jersey suburb to issue short-term debt as officials try to recover the funds. Spotswood, located roughly 40 miles outside New York City, was targeted by hackers last year in a scheme that involved the criminals accessing a school district employee’s email account and spurring the borough to erroneously send local school tax funds to a hacker impersonating the board of education. “Both the Borough and the Board of Education were spoofed by a third party cyber criminal which resulted in both the Borough and Board of Education…
One source of the 2025 reconciliation law’s Medicaid cuts is a 10-year moratorium on implementation or enforcement of certain provisions in two rules finalized by the Biden administration that would have reduced administrative burdens to make it easier for people to enroll in and maintain Medicaid and CHIP coverage. Many of those changes were intended to streamline Medicaid eligibility and renewal processes for non-MAGI enrollees. Some of the provisions in the rules were excluded from the delay, including those that have already taken effect. While the law prohibits the Secretary of the Department of Health and Human Services (HHS) from…
Almost all of Europe experienced above-average heat in 2025, a year that broke records for wildfires, sea temperatures and heatwaves as climate change worsens, EU scientists and the World Meteorological Organization said on Wednesday. At least 95% of Europe experienced above-average temperatures, while wildfires burnt more than 1 million hectares of land – an area larger than Cyprus and the biggest annual total on record, the WMO and the EU’s Copernicus Climate Change Service said in their annual report on Europe’s climate. The findings set out how climate change is having increasingly severe consequences in Europe, at a time when…
Australia’s top prudential regulator said it will take action against companies that fail to adequately control cybersecurity threats, as concerns within the industry mount over Anthropic PBC’s latest AI model Mythos. The Australian Prudential Regulation Authority is finalizing a plan to supervise artificial intelligence risks, following a review of banks, insurers and retirement funds conducted late last year that identified several shortcomings. These include information security practices struggling to keep pace with AI threats and over-reliance on third party AI vendors, according to the regulator. “Where entities fail to adequately identify, manage or control AI risks in a manner proportionate…
Since joining Patriot in 2025, Feigenbaum has served as regional vice president of employee benefits for the Northeast, overseeing employee benefits agencies across the region. His leadership has focused on operational excellence, sales strategy, technology adoption, talent development and cross-agency collaboration.
Use Our Content It can be republished for free. State officials remain uncertain on how to enforce a requirement that many adult Medicaid enrollees show they’re working — even as one state launches its program this week — and they’re taking a variety of approaches to the job, including, in a handful of states, using artificial intelligence. A KFF survey of Medicaid officials from 42 states and the District of Columbia offers insights into key policy decisions state officials face as the Jan. 1, 2027, deadline for implementing the work requirement nears. Lingering questions include which diseases and illnesses will…
US primary insurer Allstate added more protection to its per-occurrence Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower a new high of $11.5 billion at its recent renewal, while also securing a new $1 billion aggregate excess reinsurance arrangement as well.It marks the most reinsurance Allstate has purchased in its history, we believe, with the Nationwide tower now covering losses up to its highest level ever. While the addition of a new aggregate reinsurance arrangement at the April reinsurance renewal signals improved market conditions that allowed the insurer to benefit from increased frequency protection for the coming…
The Bucks County district attorney announced criminal charges against the owner and operator of Advanced Public Adjusters. Greg A. Micucci, of Bristol, is accused of misappropriating approximately $140,000 in insurance claim funds intended for nine victims and their contractors. The charges come following a four-month investigation into allegations of insurance fraud and theft that began after a Warminster resident reported that Micucci had failed to pay contractors for storm repairs, according to Bucks County District Attorney Joe Khan. According to the criminal complaint, Micucci’s firm represented homeowners in claims against major insurers, including Allstate, Travelers, Progressive, and State Farm. Criminal…
Todd Zeiter The Doctors Company made several leadership appointments to add its medical professional liability operations. Todd Zeiter has been promoted to chief underwriting officer. He has amassed an underwriting and reinsurance background and nearly three decades at The Doctors Company. He has held underwriting, insurance operations, and business leadership roles, and most recently served as senior vice president of national underwriting. Christian Groux Christian Groux has been promoted to interim Region III regional operating officer. He has more than 30 years of medical professional liability experience across underwriting, business development, and distribution leadership, and most recently served as vice…
A controversial proposal in California to temporarily increase taxes on billionaires has enough signatures to qualify for the November ballot, a labor union backing the measure said. The proposal, backed by the Service Employees International Union Healthcare Workers West, would impose a one-time, 5% tax on individuals whose net worth exceeds $1 billion and who were living in the state as of Jan. 1, 2026. The goal is to generate $100 billion in revenue, which would largely be used to offset federal funding cuts to healthcare for low-income people. “California’s health is at stake,” said Liz Perlman, executive director of…
Family members of victims of one of Canada’s deadliest mass shootings sued OpenAI and its CEO Sam Altman in U.S. court on Wednesday, alleging the company identified the shooter as a credible threat eight months before the attack but did not warn police. The lawsuits, filed in federal court in San Francisco, accuse OpenAI leaders of not alerting police because it would have exposed the volume of violence-related conversations on ChatGPT and potentially jeopardized the company’s path to a nearly $1 trillion initial public offering. The February shooting in Tumbler Ridge, British Columbia left nine people dead, many of them…
A group of state attorneys general wrote to the US Securities and Exchange Commission and major credit-rating firms, raising concerns about the use of environmental, social and governance factors in downgrade decisions. The officials from 23 Republican-led states, which include Texas, Florida and Oklahoma, said Fitch Ratings, Moody’s Corp. and S&P Global Ratings have “undisclosed material conflicts of interest,” in part because they have pledged to a United Nations-backed organization to incorporate ESG into their analysis. Oklahoma Attorney General Gentner Drummond said Tuesday in a statement that credit-rating companies have taken action against states and municipalities based on “speculative ESG…
The 2025 reconciliation law requires states to condition Medicaid eligibility for adults in the ACA Medicaid expansion group on meeting work requirements starting January 1, 2027; however, states have the option to implement requirements sooner through a state plan amendment (SPA) or through an approved 1115 waiver. State Plan Amendments (SPAs) Some states may choose to implement work requirements prior to the January 1, 2027 deadline through a state plan amendment. Nebraska is the first state to have announced that it will begin enforcing federal work requirements early through a state plan amendment, starting May 1, 2026. 1115 Waivers States may also choose to implement…