Insurance Journal
Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA. Financial details of the deal were not di...
Posted: Feb 09, 2023
Ryan Specialty announced the formation of a global transactional risk practice, Ryan Transactional Risk. This global managing general underwriting practice is being created by combining the operations of Concord Specialty Risks (headquartered in New...
Posted: Feb 09, 2023
Incidents of fraudulent instruction scams were up 13% in 2022, according to specialist insurer Beazley’s new Cyber Services Snapshot report. Under fraudulent instruction scams, criminals use hacking and phishing techniques to accumulate informa...
Posted: Feb 09, 2023
LUFKIN — By the glow of a flashlight, Stacy McAlpine and her 10-year-old granddaughter played Go Fish and other card games as they snuggled up next to a propane fireplace. Thirty miles south in Robertson County, Elizabeth Smith and her …
Posted: Feb 09, 2023
Branch, a full-stack insurance company, announced it has launched condo insurance, expanding its list of instantly bindable products. Condo joins Branch’s existing arsenal of home, auto, renters, and umbrella insurance, and will be rolled out a...
Posted: Feb 09, 2023
Activision Blizzard Inc ATVI.O has agreed to pay $35 million to settle U.S. Securities and Exchange Commission charges that it failed to have systems in place to properly handle disclosures of employee complaints and violated whistleblower protection...
Posted: Feb 09, 2023
A fire at a Massachusetts hospital’s electrical transformer forced an undetermined number of evacuations on Tuesday morning and power was shut off to the building for safety reasons, officials said. “We are removing some critically ill an...
Posted: Feb 09, 2023
Mercedes-Benz faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped with “defeat devices” to cheat emissions tests. The German carmaker is said to have misled customers...
Posted: Feb 09, 2023
The Maine Paid Family Leave Coalition on Tuesday launched a renewed push for a paid family and medical leave benefit as the Democratic-controlled Legislature takes up the issue. Maine Sen. Mattie Daughtry, D-Brunswick, and Rep. Kristen Cloutier, D-Le...
Posted: Feb 09, 2023
MADISON, Wis. (AP) – An Illinois man has filed a federal lawsuit alleging that an off-duty police officer improperly restrained his 12-year-old daughter during a fight in a Wisconsin middle school last year by placing his knee on her neck …
Posted: Feb 09, 2023
EAST PALESTINE, Ohio (AP) – Brittany Dailey stood outside her hotel watching black smoke darken the sky 10 miles to the east as crews burned toxic chemicals from tanker cars that derailed just down the street from her home. The …
Posted: Feb 09, 2023
A South Florida Lyft driver who went missing more than a week ago has died, his daughter confirmed Tuesday. Lindsay DiBetta posted on Facebook that the family would be announcing information on services for her father, Gary Levin, in the …
Posted: Feb 09, 2023
Three Virginia college students were killed when their vehicle left a road and struck a tree in West Virginia, authorities said Friday. The single-vehicle accident occurred Thursday night along West Virginia Route 259 near the Virginia border, the Ha...
Posted: Feb 09, 2023
Disney’s government in Florida has been the envy of any private business, with its unprecedented powers in deciding what to build and how to build it at the Walt Disney World Resort, issuing bonds and holding the ability to build …
Posted: Feb 09, 2023
The city of Eugene, Oregon, will join other local governments throughout the country in phasing out gas appliances in some types of new construction in an effort to cut climate pollution. The Eugene City Council passed the measure by a …
Posted: Feb 09, 2023
This edition of International People Moves details appointments at the MGA CFC Underwriting, Lockton, and WTW. A summary of these new hires follows here. CFC Taps Markel’s Bailey as Cyber Underwriting Leader CFC Underwriting, the London-based s...
Posted: Feb 09, 2023
Lloyd’s of London announced that Andrew Brooks has been appointed as deputy chair of the Council of Lloyd’s. Brooks recently stepped down as chief executive officer of Ascot Underwriting Ltd. – a position he held for 15 years. He also ...
Posted: Feb 09, 2023
Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings. “The vast majority of insured losses will be covered by reinsurance, but the amount ceded is likel...
Posted: Feb 09, 2023
The National Football League (NFL) must face a $6 billion class action alleging it unlawfully limited televised games and drove up the cost of its “Sunday Ticket” package, a U.S. judge ruled on Tuesday. Sunday Ticket lets subscribers watc...
Posted: Feb 09, 2023
Thousands of foreign aid workers have arrived in Turkey to help rescue people from under the rubble and deliver urgent supplies to areas stricken by this week’s twin earthquakes. The death toll has surpassed 16,000 across Turkey and neighboring...
Posted: Feb 09, 2023
Thousands of foreign aid workers have arrived in Turkey to help rescue people from under the rubble and deliver urgent supplies to areas stricken by this week’s twin earthquakes. The death toll has surpassed 16,000 across Turkey and neighboring...
Posted: Feb 09, 2023
A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. ClientEa...
Posted: Feb 09, 2023
Hurts will try and put the hurt on Mahomes. The brothers Kelce will battle it out. The pregame show will last six hours. People will watch commercials they will actually remember. Rihanna at the half. Confetti and champagne at the …
Posted: Feb 09, 2023
Granada Financial Group said it has entered into a definitive agreement to acquire the controlling interest in Topa Insurance Group from long-time owner, Anderson Holdings. The transaction is subject to customary closing conditions, including regulat...
Posted: Feb 09, 2023
QBE North America Makes Key Executive Appointments QBE North America, based in New York, New York, has announced two key executive appointments. Rachel Pollack has been appointed chief people officer. Pollack joined QBE in 2008 and has held various r...
Posted: Feb 09, 2023