Full content: The UK plans to make it easier to fine water companies that harm the environment, ramping up pressure on firms blamed for chronic sewage spills. The government wants to allow the Environment Agency to impose “quicker penalties of up to …

Full content: Novatae Risk Group, the wholesale business of leading insurance brokerage World Insurance Associates (World) headquartered in Dallas, hired Kimberly Jenkins as the firm’s chief operating officer. Jenkins has more than 25 years of leadership experience in client service operations. Most …

Full content: Amazon.com Inc.’s reputation as a reliable provider of cloud services took a hit on Monday when an outage lasting some 15 hours disrupted the operations of hundreds of companies, ranging from Apple Inc. to McDonald’s Corp. to Epic Games Inc. …

Full content: Most complaint cases handled by the Arizona Department of Insurance and Financial Institutions this year were related to personal lines coverage, while claims handling was the predominant reason consumers filed complaints, a report from DIFI shows. Around 60% of the …

Full content: Insurer Chubb booked third quarter net income 20.5% higher than a year ago at $2.8 billion—with record P/C underwriting income of $2.26 billion. Underwriting income was 55% more than the same quarter last year, and the combined ratio was also …

Full content: It’s not unusual in today’s housing market to own a home valued at $1 million or more. It’s also not that rare for the insurance coverage on a high-end home to carry a $100,000 wind deductible. Mission, a group of …

Full content: A south Florida jury on Monday awarded golfing legend Jack Nicklaus $50 million in a lawsuit in which he charged that his former company and business partners tried to harm his reputation. The Palm Beach Circuit Court jury did not …

Full content: Rockford Mutual Insurance Company (RMIC) announced the official launch of commercial auto coverage in Michigan, effective immediately. With this latest addition, RMIC now offers a complete suite of commercial insurance products to Michigan independent insurance agents, reinforcing our commitment to …

Full content: Two weeks after the Kentucky attorney general filed suit, Florida Attorney General James Uthmeier said his office is issuing criminal subpoenas to Roblox Corp., calling the video gaming platform a “breeding ground for predators” that puts children at risk. In …

Full content: Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage for child abuse lawsuits filed against them. Philadelphia Indemnity Insurance Co., the insurer for Mount Prospect Academy and the Vermont …

Full content: The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market …

Full content: This edtiion of International People Moves details appointments at Lockton Re and Canopius Re. A summary of these new hires follows here. Lockton Re Taps Aon’s Bell as Head of Aviation Lockton Re, the reinsurance business of independent insurance broker …

Full content: An operation was underway on Monday to salvage the liquefied petroleum gas tanker MV Falcon, which remains on fire and adrift in the Gulf of Aden following an October 18 explosion on board, maritime security sources said. The Cameroon-flagged vessel …

Full content: It took just seven minutes for robbers armed with disc grinders to get in and out of the world-famous Louvre museum in Paris with a stash of royal necklaces, tiaras and earrings. They left the nearby 140-carat “Régent” diamond untouched, …