Insurance Journal
The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. The state Senate is e...
Posted: Apr 03, 2024
Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and sev...
Posted: Apr 03, 2024
Brera Partners, a Zurich-based private equity firm specializing in investments in the asset-light financial services sector, announced it has acquired 70% of the shares in Italian insurance broker GBSAPRI Group, with the strategy to drive consolidati...
Posted: Apr 03, 2024
A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board. The Cyb...
Posted: Apr 03, 2024
Executive summary: Snow melt flooding is an imminent threat in the U.S., but there are steps insurance professionals can take to mitigate their clients’ risk, says Richard Coyle, U.S. commercial director at FloodFlash. Catastrophic flooding is...
Posted: Apr 03, 2024
Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at least nine people and disrupting semiconductor production at some of the world’s leading chipmakers. The quake hi...
Posted: Apr 03, 2024
Taiwan’s strongest earthquake in a quarter of a century leveled dozens of buildings on the eastern side of the island, killing at least four people and disrupting some chip production lines. The quake hit at 7:58 a.m. local time Wednesday ̷...
Posted: Apr 03, 2024
Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at least seven people and disrupting semiconductor production at some of the world’s leading chipmakers. The quake h...
Posted: Apr 03, 2024
Swiss Re announced that Andreas Berger will become group chief executive officer, effective July 1, 2024, taking over from Christian Mumenthaler, who will step down. “The board unanimously determined that Andreas Berger is the right person to b...
Posted: Apr 03, 2024
Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting c...
Posted: Apr 03, 2024
Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience. Calling itself a “collaborative underwriting c...
Posted: Apr 03, 2024
DALLAS (AP) — An attorney for Kansas City Chiefs player Rashee Rice said Monday that the wide receiver is cooperating with authorities after a speeding Corvette and Lamborghini sport utility vehicle caused a chain-reaction crash on a busy Dallas high...
Posted: Apr 03, 2024
Public health groups sued US regulators a second time for failing to follow through on a plan to ban menthol-flavored tobacco products. The lawsuit filed Tuesday in a federal court in Northern California claims that the Food and Drug Administration &...
Posted: Apr 03, 2024
American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month a...
Posted: Apr 03, 2024
American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance holding company about a month a...
Posted: Apr 03, 2024
Cal-Maine Foods Inc., the biggest egg producer in the US, has culled roughly 3.6% of its flock after birds at a Texas facility tested positive for avian flu, adding to concerns over a widening outbreak. Nearly 1.6 million laying hens …
Posted: Apr 03, 2024
Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s...
Posted: Apr 03, 2024
With hundreds of heat related deaths in and around Phoenix, Arizona last year, a new city ordinance has taken a “critical first step” to protect workers for city contractors from the dangers of extreme heat. That was the praise from ̷...
Posted: Apr 03, 2024
The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could &#...
Posted: Apr 03, 2024
USG Hires Chen as Associate Producer/Broker USG Insurance Services, Inc., headquartered in Chicago, hired Calvin Chen as an associate producer/broker in the company’s Irvine, California, office. Chen has over 18 years of experience in client co...
Posted: Apr 03, 2024
The devil is always in the details, and if you’re a cannabis business with a lot of product and cash to protect – as many dispensaries happen to be – you’ve got a lot of details to note. Brokers specializing …
Posted: Apr 03, 2024
Republican Virginia Gov. Glenn Youngkin vetoed two top Democratic legislative priorities last Thursday: bills that would have allowed the recreational retail sales of marijuana to begin next year and measures mandating a minimum wage increase. The de...
Posted: Apr 03, 2024
Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC group of companies based in Houston, Texas, named two new vice presidents and a head of emerging markets. CPLG appointed Patrick Gallic as …
Posted: Apr 02, 2024
Berkshire Hathaway Specialty Insurance (BHSI) named a new head of Transaction Liability in Canada and has also promoted two executives in Europe within the claims and customer & broker engagement teams. Chres Lee has been named head of Transactio...
Posted: Apr 02, 2024
Berkshire Hathaway Specialty Insurance (BHSI) named a new head of Transaction Liability in Canada and has also promoted two executives in Europe within the claims and customer & broker engagement teams. Chres Lee has been named head of Transactio...
Posted: Apr 02, 2024