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Investigation Underway for Louisiana Chemical Plant Fire That Injured 3

Insurance Journal

GEISMAR, La. (AP) — Two people were injured Thursday after a fire at a chemical plant in Louisiana, officials said. It happened at the Chevron Renewable Energy Group plant in Geismar, about 66 miles (106 kilometers) west of New Orleans, …

Posted: Sep 23, 2024

Michigan Manufacturer Sued for Unlawful Termination of Employee Due to Disability

Insurance Journal

Navitas Systems, LLC., an Ann Arbor, Michigan-based company specializing in comprehensive energy storage solutions and battery manufacturing, violated federal law by using an unlawful company policy to deny a reasonable accommodation to an employee w...

Posted: Sep 23, 2024

Jury Deliberates on “Trump Train” Political Intimidation Case in Texas

Insurance Journal

AUSTIN, Texas (AP) — A jury in Texas began to deliberate Friday whether the so-called “Trump Train” that surrounded a Biden-Harris campaign bus days before the 2020 election in a heated highway encounter amounted to political intimidation...

Posted: Sep 23, 2024

South Dakota’s Hideaway Hills Neighborhood Faces Growing Sinkhole Threat

Insurance Journal

Stuart and Tonya Junker loved their quiet neighborhood near South Dakota’s Black Hills — until the earth began collapsing around them, leaving them wondering if their home could tumble into a gaping hole. They blame the state for selling land &...

Posted: Sep 23, 2024

People Moves: BHSI Launches in Italy, Names Country Leader, Key Team Members; QBE Iberia Names Díaz-...

Insurance Journal

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and QBE Iberia. A summary of these new hires follows here. BHSI Launches in Italy, Names Country Leader and Key Team Members Berkshire Ha...

Posted: Sep 23, 2024

Tokio Marine HCC and Tredder partner to launch adventure insurance product

Reinsurance News

Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure comm...

Posted: Sep 23, 2024

Nina Duft joins Gallagher as CFO and COO for Europe

Reinsurance News

Gallagher UK has announced the appointment of Nina Duft in the joint role of Chief Finance Officer (CFO) and Chief Operations Officer (COO) for Europe. Duft is an experienced finance professional with a strong track record in financial reporting,...

Posted: Sep 23, 2024

CAC Group Acquires Media Guarantors in California

Insurance Journal

CAC Group acquired Media Guarantors in Hollywood, California. Janet Comenos will assume the role of entertainment practice leader at CAC Group. Fred Milstein, president and CEO of Media Guarantors, will continue to lead the firm under the new structu...

Posted: Sep 23, 2024

FBI Boards Vessel Managed by Firm That Operated Ship Blamed for Bridge Collapse

Insurance Journal

Federal agents on Saturday boarded a vessel managed by the same company as a cargo ship that caused the deadly Baltimore bridge collapse, the FBI confirmed. In statements, spokespeople for the FBI and the U.S. Attorney’s Office in Maryland conf...

Posted: Sep 23, 2024

The Fidelis Partnership announces $2 billion refinancing transaction

coverager

The transaction supports TFP’s growth strategy and enhances value creation for its shareholders.

Posted: Sep 23, 2024

BHSI launches in Italy

coverager

Berkshire Hathaway Specialty Insurance announced that it has opened an office in Milan.

Posted: Sep 23, 2024

Cachet partners with Taskrabbit

coverager

The partnership aims to enhance local implementation and provide first-line support across various time zones, supporting VIPR's growing presence in North America. 

Posted: Sep 23, 2024

Jury Awards $116M in Deadly New York No-Door Helicopter Crash

Carrier Management

Jury Awards $116M in Deadly New York No-Door Helicopter Crash A jury has awarded $116 million to the fa...

Posted: Sep 23, 2024

kWh Analytics and US Department of Energy launch $2.4m Solar Resilience Initiative

Reinsurance News

kWh Analytics, a provider of climate insurance for renewable energy assets, has announced a new $2.4 million partnership with the US Department of Energy’s Solar Energy Technologies Office (SETO) through the Materials, Operation, and Recycli...

Posted: Sep 23, 2024

MGU Fidelis Partnership Completes $2B Refinancing to Support Growth Strategy

Insurance Journal

The Fidelis Partnership (TFP), the Bermuda-headquartered managing general underwriter, announced the successful completion of a $2 billion refinancing transaction. Led by Blackstone Credit & Insurance, the transaction marks a significant mileston...

Posted: Sep 23, 2024

Police Chase Ends with Driver Dead and 7 Officers, Civilian Taken to Hospital

Insurance Journal

MASSAPEQUA, N.Y. (AP) — A police pursuit that began in New York City ended on Long Island with the shooting death of the driver, and seven police officers and a civilian taken to hospitals for treatment, police said. Patrick Ryder, …

Posted: Sep 23, 2024

BOXX Insurance hires Beazley’s Yoast as USA President, names Itriago LATAM President

Reinsurance News

Global cyber insurtech BOXX Insurance has announced the appointment of Christyn Yoast as President, BOXX USA, to drive expansion and oversee the company’s strategic direction in the United States. Hilario Itriago, the former BOXX USA leader, will...

Posted: Sep 23, 2024

California Fire Agency Employee Arrested on Suspicion of Starting 5 Blazes

Insurance Journal

A California Department of Forestry and Fire Protection employee was arrested on suspicion he started five brush fires in Northern California in recent weeks, officials said. Robert Hernandez, 38, was arrested at the Howard Forest Fire Station in Hea...

Posted: Sep 23, 2024

Organisation data on dark web increases cyber attack risk: Marsh McLennan

Reinsurance News

The presence of any data related to an organisation on the dark web increases its risk of cyberattacks, according to a study by Searchlight Cyber and the Marsh McLennan Cyber Risk Intelligence Center. The Center examined Searchlight’s dark web dat...

Posted: Sep 23, 2024

Thousands of Fires Are Burning in the Drought-Wracked Amazon

Insurance Journal

Much of Brazil is burning as tens of thousands of fires rage around the country, half of them in the Amazon rainforest. Exacerbated by a severe drought, the fires threaten one of the world’s most crucial ecosystems and are consuming …

Posted: Sep 23, 2024

US life/annuity market sees net income rise to $14.1bn in H1’24: AM Best

Reinsurance News

During the first six months of 2024 net income for the US life/annuity (L/A) insurance sector increased by 7.1% over the same prior year period to $14.1 billion, driven primarily by lower realised capital losses, according to a new report from AM...

Posted: Sep 23, 2024

To Reduce Litigation in Workers’ Comp, Start with the Injured Worker Experience

Risk & Insurance

Litigated workers’ comp claims are shown to be far more expensive than those that are not litigated. What determines which path a injured worker will follow may be surprisingly simple. The post

Posted: Sep 23, 2024

Florida Braces for Potential Gulf Hurricane Strike This Week

Insurance Journal

The US Gulf Coast from Mississippi to the Florida Panhandle is at risk of a hurricane strike by the end of the week as a patch of turbulent weather in the Atlantic becomes more organized. Currently a swirl of thunderstorms …

Posted: Sep 23, 2024

E&S Vet Miller and Team Launch MGA Pivix

Carrier Management

E&S Vet Miller and Team Launch MGA Pivix Former Scottsda...

Posted: Sep 23, 2024

Everest Insurance names HDI Global’s Antunes as Global Head of Multinational Services

Reinsurance News

Everest Insurance, the insurance division of Bermuda-based re/insurer Everest Group, has appointed HDI Global’s Nuno Antunes as Global Head of Multinational Services, and Ning Xu as Manager, Multinational Network Partners. A renowned veteran...

Posted: Sep 23, 2024

PPL launches simplified Express Contracts route

Reinsurance News

Placing Platform Limited (PPL) has launched its new Express Contract functionality, a fast-track process that makes it quicker and easier for brokers to bind risks. In pre-launch testing, the time taken to create a single contract placement was si...

Posted: Sep 23, 2024

Snowflake Hacker Still Active, Finding New Victims, Expert Says

Insurance Journal

A hacker responsible for a cybercrime campaign that impacted up to 165 companies this summer is still at large and recently broke into a “handful” of new organizations, according to a cybersecurity specialist at Alphabet Inc.’s Goog...

Posted: Sep 23, 2024

Environmental Activist ClientEarth Sues Germany Over Pesticides Use

Insurance Journal

Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesticide use in farming, the group said on Friday. The group said in a statement Germany was not complying …

Posted: Sep 23, 2024

Swiss Re CorSo announces new leadership roles for Hassan Karim & Devpriya Misra

Reinsurance News

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurer Swiss Re, has expanded Hassan Karim’s role to Head of Customer & Distribution Management for Asia Pacific (APAC) and appointed Devpriya Misra as Client Solutions Lead. Bef...

Posted: Sep 23, 2024

Methane Emissions Still Rising After Pledges to Curb Pollution

Insurance Journal

Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little progress on pledges to curb the potent greenhouse gas. Emissions of the gas across 13 large fossil fuel basins in …

Posted: Sep 23, 2024

Yubeom Kim Joins WISE Insurance Services as Director of its reinsurance team

Reinsurance News

WISE Insurance Services recently announced that Yubeom Kim has joined its reinsurance team as Director. In a recent LinkedIn post, Won Lee, Head of Reinsurance at WISE, expressed enthusiasm for Kim’s appointment, stating, “We are excited about the...

Posted: Sep 23, 2024

A Mercedes-Benz Fire May Cloud South Korea’s EV Transition

Insurance Journal

A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of battery-powered cars in recent months. The incident saw 23 people hospitalized for smoke inhalation and left more &#...

Posted: Sep 23, 2024