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Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not act in …
Posted: Mar 18, 2024
Six months after a federal appeals court upheld a $12 million verdict against a waste-hauling company in a crash that killed four Spanish women in the Florida keys, a jury has found that the firm’s insurer did not act in …
Posted: Mar 18, 2024
Anderson will begin leading the organization by May 1.
Posted: Mar 18, 2024
The insurer will offer GalenusRx’s technology and services to its healthcare clients through their brokers and consultants.
Posted: Mar 18, 2024
Insurance Business Magazine - US
Posted: Mar 18, 2024
The platform will provide transactional risk liability insurance products across international markets.
Posted: Mar 18, 2024
Howden has partnered with cyber insurance technology firm Cyberwrite to increase cyber resiliency for its clients across 50 countries. Founded in 2017, Cyberwrite specialises in providing cyber risk reports, offering brokers the tools to assess th...
Posted: Mar 18, 2024
Almost three-and-one-half years after the Catholic Diocese of Camden, New Jersey filed for bankruptcy citing financial effects from the pandemic and sexual abuse settlements, its Chapter 11 reorganization plan has been approved. The final plan, the n...
Posted: Mar 18, 2024
Chubb announced the launch of a global transactional risk platform to provide transactional risk liability insurance products across international markets. Chubb has appointed Josh Cowen as senior vice president, International Transactional Risk, to...
Posted: Mar 18, 2024
The U.S. construction insurance market is stabilizing after a challenging period, but will still face rate pressures due to inflation, interest rate uncertainty, and rising claims costs, according to a recent WTW report. The post
Posted: Mar 18, 2024
The U.S. construction insurance market is stabilizing after a challenging period, but will still face rate pressures due to inflation, interest rate uncertainty, and rising claims costs, according to a recent WTW report. The post
Posted: Mar 18, 2024
Agile Underwriting Services has received “in-principle” approval from Lloyd’s to create Agile Syndicate 2427, subject to regulatory approvals. Syndicate 2427 will be established under the “syndicate-in-a-box” (SIAB) fram...
Posted: Mar 18, 2024
Independent insurance broker Lockton has announced a global collaboration initiative with food science company Campden BRI to provide the food and drink industry with key risk mitigation support and build resilience in an evolving risk landscape....
Posted: Mar 18, 2024
California Insurer of Last Resort Is Unprepared for Big Disaster California's property insurer of last resort...
Posted: Mar 18, 2024
Suit Says OnStar, LexisNexis Shared Driving Data With Insurers, Spiking Rates Do motorist-assistanc...
Posted: Mar 18, 2024
Seven years after he was named president and CEO of transportation insurer Canal Insurance, Paul Brocklebank has an additional title to his name – chairman of the board of the Greenville, South Carolina, company. The move comes after several years &#...
Posted: Mar 18, 2024
2023 was an unremarkable year for insurers. And that’s a good thing. Insurers and their shareholders prefer boring predictable results over unexpected volatile shocks. Property & casualty insurance company stocks performed relatively well....
Posted: Mar 18, 2024
Independent specialist re/insurance broker, Miller, has expanded its newly created Fine Art and Specie offering by building out a team of sector specialists under the leadership of Annabel Fell-Clark, Head of Fine Art and Specie. The company has c...
Posted: Mar 18, 2024
MAPFRE has revealed that it is targeting average revenue growth of 6% over the next three years, with an aim of exceeding €32 billion in premiums by the end of the three-year period. At the same time, the company is also seeking an 11% return on e...
Posted: Mar 18, 2024
Apple Inc. reached a $490 million settlement of a class-action lawsuit brought by a group of investors who accused Chief Executive Officer Tim Cook of misleading them in 2018 about the company’s sales prospects. Cook made false statements about...
Posted: Mar 18, 2024
An Illinois jury has ordered Reckitt Benckiser unit Mead Johnson to pay $60 million to the mother of a premature baby who died of an intestinal disease after being fed the company’s Enfamil baby formula. The jury in an Illinois …
Posted: Mar 18, 2024
Meta Platforms Inc. lost its second court ruling this week seeking to stop the Federal Trade Commission’s reopening a 2020 privacy settlement over allegations that the company breached the terms. In a ruling Thursday, US District Judge Randolph...
Posted: Mar 18, 2024
Global advisory, broking, and solutions firm WTW has revealed it will receive funding from the U.S. Agency for International Development (USAID) to develop a climate-resilient insurance solution that aims to unlock climate adaptation investment fr...
Posted: Mar 18, 2024
Posted: Mar 18, 2024
Hyundai Motor Co. and sister company Kia Corp. will recall about 170,000 electric vehicles (EVs) in South Korea over problems with software in the charging systems, South Korea’s transport ministry said on Thursday. Hyundai will recall 113,916...
Posted: Mar 18, 2024
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023...
Posted: Mar 18, 2024
Marsh McLennan Agency (MMA), part of the global insurance and reinsurance broker, has released its 2024 Commercial Property Insurance Trends report, highlighting a more balanced reinsurance market this year compared to the harsh conditions of 2023...
Posted: Mar 18, 2024
Reinsurance broker Gallagher Re has announced the appointment of Sie Liang Lau as Head of Asia Pacific Cyber, a Singapore-based role. Lau is a UK qualified Actuary with over two decades of experience in the re/insurance industry. He joined Gallagh...
Posted: Mar 18, 2024
The Indian navy said late Saturday that it had taken control of a bulk carrier hijacked by Somali pirates and evacuated the 17 crew members on the vessel. In a statement on X, the navy said all 35 pirates on …
Posted: Mar 18, 2024
A Republican congressman is asking the Treasury Department to explain its handling of a US insurance company that covered dozens of tanker ships suspected of carrying sanctioned Iranian oil. Representative Zach Nunn of Iowa, a member of the House Fin...
Posted: Mar 18, 2024
Advanced practice registered nurses are increasingly taking a prominent role in health care. Understanding professional liability exposures connected to their work in today’s litigious environment is paramount. The post
Posted: Mar 18, 2024
FWD Group Holdings Limited, an Asian insurance company, has completed an additional investment for a further 21% stake in FWD Takaful Berhad, making it the majority shareholder with a 70% holding. The remaining 30% is held by the Employees Provide...
Posted: Mar 18, 2024
The Supervisory Boards of Hannover Rück SE and E+S Rückversicherung AG, the Hannover Re subsidiary responsible for the Group’s German business, have appointed Thorsten Steinmann as a member of the Executive Board, effective 1st September 202...
Posted: Mar 18, 2024
Insurance Business Magazine - US
Posted: Mar 18, 2024
Insurance Business Magazine - US
Posted: Mar 18, 2024
Brit Ltd has appointed David Cary as Deputy Head of Property Treaty, Bermuda. Cary holds almost 20 years of experience in the reinsurance sector, having most recently served as Underwriting Manager and Head of Property & Casualty, Bermuda for...
Posted: Mar 18, 2024
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed. The docum...
Posted: Mar 18, 2024
Hannover Re has disclosed that it generated net income of €1.8 billion for the 2023 financial year, up from €800 million in 2022 and beating its guidance of at least €1.7 billion. As a result of this, the firm’s earnings per share reached €1...
Posted: Mar 18, 2024
Posted: Mar 18, 2024