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The latest legal happenings likely to have an impact on the insurance space today. The post
Posted: Jun 10, 2023
A certificate of registration has been granted by the Insurance Regulatory and Development Authority of India to Go Digital Insurance to start a business in India.
Posted: Jun 10, 2023
Posted: Jun 09, 2023
Survey: More Americans Demonstrate Willingness to Commit Insurance Fraud A new survey re...
Posted: Jun 09, 2023
Branch CEO Lekas Announces Layoffs, Citing Inflation, Loss Costs Branch Insurance has conducted a round...
Posted: Jun 09, 2023
Posted: Jun 09, 2023
US and Canada Could See Smoke, Haze Through the Weekend On air quality maps, purple signifies the...
Posted: Jun 09, 2023
Climate, Social Reforms Putting Less Pressure on US Businesses Shareho...
Posted: Jun 09, 2023
EW ORLEANS (AP) – The oxygen-depleted “dead zone” that forms each year in the Gulf of Mexico off Louisiana and Texas is forecast to cover about 4,155 square miles (10,761 square kilometers) this year. That’s about 1,200 square...
Posted: Jun 09, 2023
Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation Coach Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von Ruden will coach new and exi...
Posted: Jun 09, 2023
The New Orleans Steamboat Company (NOSC) was charged on May 26, 2023 with violating the Clean Water Act (“CWA”) in connection with a discharge of excess ballast material into the Industrial Canal in New Orleans in 2019, according to the &...
Posted: Jun 09, 2023
Lockton announces the appointment of Eric Collison as the Vice President and Unit Manager to the global firm’s Memphis office. Collison is an industry veteran with nearly two decades of industry experience. He brings extensive sales and mana...
Posted: Jun 09, 2023
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court finally decide if digital assets count as securities. The crypto tokens traded by Coinbase users should be treated...
Posted: Jun 09, 2023
Shareholder support for proxy resolutions on topics including climate change and workforce diversity dropped significantly this spring, analysts said, as tough proposals from activists met with growing political pressure on fund firms’ voting....
Posted: Jun 09, 2023
Wildfire-insured losses will remain manageable for Canadian property and casualty (P&C) insurers but will add to extreme-weather concerns as they have been exposed to larger and more frequent weather-related losses, according to DBRS Morningst...
Posted: Jun 09, 2023
The UK is drawing up a war-risk insurance scheme that it hopes will convince investment companies as well as tech, energy and defense firms to back Ukraine’s reconstruction with billions in aid, people familiar with the plans said. Britain is &...
Posted: Jun 09, 2023
New Farmers Group CEO Raul Vargas has reversed a prior company decision to allow most workers to do their jobs from home by instituting a hybrid work scheduling starting in September. Despite some employees reportedly making major life changes – R...
Posted: Jun 09, 2023
James River, a Bermuda-based insurance holding company, has announced the retirement of Non-Executive Chairman, founder and former Chief Executive Officer J. Adam Abram According to the announcement, Abram will not stand for re-election at the Com...
Posted: Jun 09, 2023
For the first time in six years, Florida has a new health care provider reimbursement manual, governing workers’ compensation fees for doctors. But the manual already could be considered three years out of date. It also will soon face a …
Posted: Jun 09, 2023
Montclair Township in New Jersey has been hit by a cyber attack, Mayor Sean Spiller reported on June 6. The town was holding a municipal election on June 6. According to the mayor, the attack did not affect any voting …
Posted: Jun 09, 2023
Zurich Insurance Group, a leading global insurance company, has significant cash and capital available to fund deals, according to industry analysts from investment bank Berenberg. “We estimate Zurich has c$6 billion in excess capital that i...
Posted: Jun 09, 2023
A divided Alabama Supreme Court on Friday declined to lift a preliminary injunction blocking construction of a new coastal bridge. Justices in a 5-3 decision declined the emergency request from the Alabama Department of Transportation to lift the inj...
Posted: Jun 09, 2023
FCCI Insurance Group has hired Phil Shepard to lead its surety line of business expansion into New England. FCCI is now writing contract and commercial surety bonds in the six New England states – Connecticut, New Hampshire, Maine, Massachusetts, Rho...
Posted: Jun 09, 2023
Dale Underwriting Partners (DUP), the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Daniel Prendergast as Senior Underwriter, Accident and Health (A&H). Prendergast’s appointment comes as Dale continues...
Posted: Jun 09, 2023
LANSING, Mich. (AP) – Michigan lawmakers introduced bipartisan legislation Tuesday that would give victims of sexual abuse more time to sue for damages as the state again looks to overhaul laws following multiple sexual abuse scandals. The legi...
Posted: Jun 09, 2023
North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The proposal...
Posted: Jun 09, 2023
North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The proposal...
Posted: Jun 09, 2023
Global broking business, Brokerslink, has further strengthened its international presence by adding four esteemed Eastern European affiliates to its rapidly expanding network. The inclusion of these new affiliates will significantly extend Brokers...
Posted: Jun 09, 2023
The Kremlin announced that Russian President Vladimir Putin has signed a law to ratify the creation of the Eurasian Reinsurance Co. The Eurasian Economic Union (EAEU) agreed in October 2022 to form the company, which is intended to facilitate investm...
Posted: Jun 09, 2023
COLUMBUS, Ohio (AP) – Thousands of dollars raised by a charity that falsely claimed it would help residents affected by a train derailment on the Ohio- Pennsylvania border earlier this year will be turned over to a food bank serving …
Posted: Jun 09, 2023
New Mexico’s attorney general and its Environment Department filed suit against the manufacturers of so-called “forever chemicals,” commonly referred to as PFAS, seeking monetary damages to defray the costs of environmental monitori...
Posted: Jun 09, 2023
Large insurers AIG and Farmers Group are pulling back from climate and catastrophe exposed property risks, joining other insurers that have either reduced or ceased offerings altogether in U.S. regions vulnerable to floods, storms, and wildfires,...
Posted: Jun 09, 2023
A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners’ insurance in the US. American International Group Inc., which has a...
Posted: Jun 09, 2023
Philippine officials on Thursday raised the alert level for one of the country’s most active volcanoes after superheated streams of gas, debris and rocks cascaded down its upper slope in a condition they fear could lead to a hazardous eruption...
Posted: Jun 09, 2023
Denis Kessler, 71, non-executive chairman of SCOR and the reinsurer’s former chief executive, died Friday, the company said. “Over the past two decades, Denis Kessler has been the architect behind SCOR’s success and reputation throu...
Posted: Jun 09, 2023
Swiss Re’s term and Health Watch report a decrease of 7.8% in the sale of individual protection policies in 2022, a year characterised by uncertainty, with recurring political change, compounded by high inflation and a growing cost-of-living...
Posted: Jun 09, 2023
Insurance Commissioner Michael Yaworsky has announced the appointment of Sheryl Parker as the Florida Office of Insurance Regulation’s (OIR) first Deputy Commissioner of Market Regulation and Virginia Christy as OIR’s Deputy Commissioner of Proper...
Posted: Jun 09, 2023
Strategic Risk Solutions (SRS) has announced that Charles “Chuck” Scherer has joined SRS Bermuda as a Senior Vice President, insurance-linked securities (ILS), in its Hamilton, Bermuda office. Scherer holds two decades of experience in the financi...
Posted: Jun 09, 2023
Global reinsurer SCOR pays tribute to its Chairman Denis Kessler as they announce the news of his passing on June 9, 2023, at the age of 71. The members of the Board and all of SCOR’s employees share the sorrow of his family and friends, and offer...
Posted: Jun 09, 2023
Global reinsurance broker Gallagher Re has announced the appointment of two new Executive Directors, Mathilde Le Merle and Juan Manuel Fernandez Romo. Based in Paris, France, Le Merle joins the company with more than 20 years’ legal experience in...
Posted: Jun 09, 2023
AXA Hong Kong and Macau, part of global insurance group AXA, has entered into a strategic partnership with technology and management consultancy firm, Capco, to enhance data-driven climate risk assessment and reporting. The new collaboration bring...
Posted: Jun 09, 2023
The devastating wildfires that have plagued California in recent years have become a focal point for insurers and reinsurers, forcing them to reassess their approaches to underwriting and pricing, according to Gallagher Re – 2023 US Wildfire...
Posted: Jun 09, 2023
Reinsurance broker Guy Carpenter has confirmed Steve Warwick’s hire as Head of GC Access Asia Pacific. We previously reported Warwick’s appointment earlier this month. GC Access is the firm’s MGA Solutions Specialty Practice, wor...
Posted: Jun 09, 2023
Global specialty insurer, Mosaic, and tech company Safe Security have launched a new initiative to incentivise clients with broader coverage and premium rating credits of up to 30% for sharing cutting-edge assessments of their cyber-risk profile....
Posted: Jun 09, 2023
Marco Capital Holdings Limited, an European P&C insurance run-off group, has completed the acquisition of Navigators International Insurance Company Limited (NIIC) from The Hartford. Originally announced on February 17, 2023, the transaction r...
Posted: Jun 09, 2023