Insurance Journal
Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has been named CEO of the new uni...
Posted: Nov 09, 2023
A radio reporter taken into custody while covering a demonstration the night two sheriff’s deputies were shot three years ago reached a $700,000 settlement with Los Angeles County. The Los Angeles County Board of Supervisors approved the payout...
Posted: Nov 09, 2023
Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British o...
Posted: Nov 09, 2023
Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly before his trial began in e...
Posted: Nov 09, 2023
This edition of International People Moves details appointments at brokers Ardonagh Specialty (and its reinsurance unit Inver Re) and Aon. A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of...
Posted: Nov 09, 2023
Democrat Dan McCaffery won an open seat on Pennsylvania’s Supreme Court in Tuesday’s general election, preserving a strong Democratic majority on a panel that has produced several critical election-related rulings in the presidential batt...
Posted: Nov 09, 2023
Nearly 1 million chickens on a Minnesota egg farm will be slaughtered to help limit the spread of the highly contagious bird flu after it was confirmed there, officials said Monday. The U.S. Department of Agriculture announced that the virus …
Posted: Nov 09, 2023
Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will range between €800 million and €1.3 billion ($855.2 million and $1.4 billion), with the majority of the losses expected in …
Posted: Nov 09, 2023
The Peace Corps has agreed to pay $750,000 to the family of a 24-year-old volunteer from Illinois who died in 2018 in East Africa after the agency’s doctors misdiagnosed a case of malaria, a law firm announced Tuesday. Bernice Heiderman …
Posted: Nov 09, 2023
The Peace Corps has agreed to pay $750,000 to the family of a 24-year-old volunteer from Illinois who died in 2018 in East Africa after the agency’s doctors misdiagnosed a case of malaria, a law firm announced Tuesday. Bernice Heiderman …
Posted: Nov 09, 2023
United Nations Secretary-General Antonio Guterres told Reuters NEXT on Wednesday that it will be difficult to revive a landmark deal that allowed the safe Black Sea export of Ukraine grain, which Russia quit in July over complaints about its own R...
Posted: Nov 09, 2023
LITTLE ROCK, Ark. (AP) – Eight former residents of a youth treatment center that was run by an Arkansas man whose bribery conviction was commuted by former President Donald Trump have filed a lawsuit claiming they were victims of “systematic &#...
Posted: Nov 09, 2023
Insurers are continuing to provide cover for increased oil and gas production even as they face large losses fueled by climate change, according to a new report. About 80% of the insurance market and 53% of the reinsurance market don’t …
Posted: Nov 09, 2023
A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s stock sliding, wiping out $3.1 billion from its valuation. Distressed developer Country Garden, on the other hand, jump...
Posted: Nov 09, 2023
More than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter due to lacking natural gas infrastructure, the North American Electric Reliability Corp (NERC) &#...
Posted: Nov 09, 2023
An increase in serious near-miss aviation incidents is a “clear warning sign that the U.S. aviation system is sharply strained,” National Transportation Safety Board (NTSB) chair Jennifer Homendy will tell a U.S. Senate panel on Thursday....
Posted: Nov 09, 2023
Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to absorb business from the admitted market. AM Best on Monday changed its U.S. E&S outlook from “stable” to “positive,...
Posted: Nov 09, 2023
The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now, the Florida Supreme Court c...
Posted: Nov 09, 2023
A federal judge on Monday pared back a U.S. government lawsuit accusing drug distributor Cencora, formerly called AmerisourceBergen, of fueling the nation’s deadly opioid epidemic by failing to report hundreds of thousands of suspicious orders...
Posted: Nov 09, 2023
C3 Risk & Insurance Services, headquartered in San Diego, Calif., named Marife Molina executive vice president of strategic revenue. Molina comes to C3 Risk & Insurance Services from Chubb, where she served as senior vice president, regional...
Posted: Nov 09, 2023
This post is part of a series sponsored by CoreLogic. Welcome to the final installment of our four-part series on wildfire hazard and risk management where we will explore the optimal use of CoreLogic’s wildfire risk models within the insurance...
Posted: Nov 09, 2023
Higginbotham announced the expansion of its multi-year investment in collegiate athletics to include ten universities in the southern region of the United States through its continued sponsorship agreement with LEARFIELD, a media and technology compa...
Posted: Nov 09, 2023
This post is part of a series sponsored by AgentSync. Insights from NAMIC’s compliance webinar presented by AgentSync Solutions Architect Sandy Allen Did you know there were more than 250 changes to insurance regulations in the U.S. just last y...
Posted: Nov 09, 2023
COLUMBUS, Ohio (AP) – Ohio voters approved a measure legalizing recreational marijuana on Tuesday, defying Republican legislative leaders who had failed to pass the proposed law. Passage of Issue 2 makes Ohio the 24th state to allow adult cannabis us...
Posted: Nov 09, 2023
A scuba dive boat captain was convicted this week of criminal negligence in the deaths of 34 people killed in a fire aboard the vessel in 2019, the deadliest maritime disaster in recent U.S. history. Jerry Boylan, 69, was found …
Posted: Nov 08, 2023