Friday, April 19, 2024

People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London

This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting …


People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
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Description: This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting …
Full content: This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting …
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Category: International & Reinsurance News
Date: Fri, 19 Apr 2024 16:07:03 +0000
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Friday, April 19, 2024

Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute

James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. The transaction, which was …


Fleming Acquires James River’s Casualty Reinsurance Business, Ending Legal Dispute
Author: L.S. Howard
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Description: James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. The transaction, which was …
Full content: James River Group Holdings Ltd. announced that Fleming Intermediate Holdings has completed the $277 million acquisition of James River’s casualty reinsurance business – after a period of legal wrangling that had threatened to derail the deal. The transaction, which was …
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Category: International & Reinsurance News
Date: Fri, 19 Apr 2024 15:33:01 +0000
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Friday, April 19, 2024

People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O

Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce Graham, who currently serves as the Philadelphia and …


People Moves: Chubb Names Scheffler COO of Personal Risk Services; AXIS Appoints Morley Head of US E&O
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Description: Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce Graham, who currently serves as the Philadelphia and …
Full content: Chubb said it has promoted Melissa Scheffler to chief operating officer of Personal Risk Services (PRS). Currently, Scheffler serves as regional executive officer for the Mid-Atlantic region. In a corresponding move, Bryce Graham, who currently serves as the Philadelphia and …
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Category: National News
Date: Fri, 19 Apr 2024 14:51:23 +0000
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Friday, April 19, 2024

Severe Storms Cause Damage in Middle U.S.

ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado touched down shortly after 6 a.m. Tuesday …


Severe Storms Cause Damage in Middle U.S.
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Description: ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado touched down shortly after 6 a.m. Tuesday …
Full content: ST. LOUIS (AP) — Strong storms caused damage in parts of the middle U.S. this week and spawned tornadoes in Kansas and Iowa, including one that left two people hurt. An EF-1 tornado touched down shortly after 6 a.m. Tuesday …
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Category: Midwest News
Date: Fri, 19 Apr 2024 14:41:04 +0000
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Friday, April 19, 2024

U of Kentucky ‘Distressed’ Over Alleged Misconduct by Former Swim Coach

LEXINGTON, Ky. (AP) — A Kentucky spokeswoman says the school is “distressed to hear disturbing allegations” of sexual assault by former swimming and diving coach Lars Jorgensen outlined in a lawsuit by two former team members and will cooperate fully …


U of Kentucky ‘Distressed’ Over Alleged Misconduct by Former Swim Coach
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Description: LEXINGTON, Ky. (AP) — A Kentucky spokeswoman says the school is “distressed to hear disturbing allegations” of sexual assault by former swimming and diving coach Lars Jorgensen outlined in a lawsuit by two former team members and will cooperate fully …
Full content: LEXINGTON, Ky. (AP) — A Kentucky spokeswoman says the school is “distressed to hear disturbing allegations” of sexual assault by former swimming and diving coach Lars Jorgensen outlined in a lawsuit by two former team members and will cooperate fully …
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Category: Southeast News
Date: Fri, 19 Apr 2024 14:34:40 +0000
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Friday, April 19, 2024

Travis Scott’s Attorneys Argue for Dismissal of Astroworld Lawsuits

HOUSTON (AP) — Attorneys for rap star Travis Scott argued in court this week that he should be dismissed from hundreds of lawsuits filed over the deadly 2021 Astroworld festival, saying he was not responsible for safety planning and watching …


Travis Scott’s Attorneys Argue for Dismissal of Astroworld Lawsuits
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Description: HOUSTON (AP) — Attorneys for rap star Travis Scott argued in court this week that he should be dismissed from hundreds of lawsuits filed over the deadly 2021 Astroworld festival, saying he was not responsible for safety planning and watching …
Full content: HOUSTON (AP) — Attorneys for rap star Travis Scott argued in court this week that he should be dismissed from hundreds of lawsuits filed over the deadly 2021 Astroworld festival, saying he was not responsible for safety planning and watching …
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Category: Texas / South Central News
Date: Fri, 19 Apr 2024 14:34:18 +0000
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Friday, April 19, 2024

Kansas Roofing Contractor Fined $233K for Deadly Fall Hazards

Federal workplace safety inspectors found a Kansas roofing contractor again putting its employees at risk of falls from elevation — the construction industry’s deadliest hazard — by not providing required protective equipment at two residential worksites in October 2023. U.S. …


Kansas Roofing Contractor Fined $233K for Deadly Fall Hazards
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Description: Federal workplace safety inspectors found a Kansas roofing contractor again putting its employees at risk of falls from elevation — the construction industry’s deadliest hazard — by not providing required protective equipment at two residential worksites in October 2023. U.S. …
Full content: Federal workplace safety inspectors found a Kansas roofing contractor again putting its employees at risk of falls from elevation — the construction industry’s deadliest hazard — by not providing required protective equipment at two residential worksites in October 2023. U.S. …
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Category: Midwest News
Date: Fri, 19 Apr 2024 14:24:28 +0000
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Friday, April 19, 2024

Inszone Acquires Texas’ Talerity

Inszone Insurance Services announced the strategic acquisition of Talerity, LLC, a specialized insurance agency focusing on professional liability for medical providers. Founded in 2008 by Cary Smith, Talerity has carved a niche in the insurance landscape with its forward-thinking approach …


Inszone Acquires Texas’ Talerity
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Description: Inszone Insurance Services announced the strategic acquisition of Talerity, LLC, a specialized insurance agency focusing on professional liability for medical providers. Founded in 2008 by Cary Smith, Talerity has carved a niche in the insurance landscape with its forward-thinking approach …
Full content: Inszone Insurance Services announced the strategic acquisition of Talerity, LLC, a specialized insurance agency focusing on professional liability for medical providers. Founded in 2008 by Cary Smith, Talerity has carved a niche in the insurance landscape with its forward-thinking approach …
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Category: Texas / South Central News
Date: Fri, 19 Apr 2024 14:19:21 +0000
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Friday, April 19, 2024

Georgia Town Aims to Disrupt Student Beach Bash After Last Year’s Chaos

TYBEE ISLAND, Ga. (AP) — Thousands of Black college students expected this weekend for an annual spring bash at Georgia’s largest public beach will be greeted by dozens of extra police officers and barricades closing off neighborhood streets. While the …


Georgia Town Aims to Disrupt Student Beach Bash After Last Year’s Chaos
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Description: TYBEE ISLAND, Ga. (AP) — Thousands of Black college students expected this weekend for an annual spring bash at Georgia’s largest public beach will be greeted by dozens of extra police officers and barricades closing off neighborhood streets. While the …
Full content: TYBEE ISLAND, Ga. (AP) — Thousands of Black college students expected this weekend for an annual spring bash at Georgia’s largest public beach will be greeted by dozens of extra police officers and barricades closing off neighborhood streets. While the …
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Category: Southeast News
Date: Fri, 19 Apr 2024 14:19:04 +0000
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Friday, April 19, 2024

Former Congressman Charged After Collision with State Trooper in Florida

A former Congressman from North Carolina may soon be facing higher auto insurance premiums after he slammed into the back of a Florida state trooper’s patrol car on Interstate 75 near Naples. Madison Cawthorn, 28, who represented part of North …


Former Congressman Charged After Collision with State Trooper in Florida
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Description: A former Congressman from North Carolina may soon be facing higher auto insurance premiums after he slammed into the back of a Florida state trooper’s patrol car on Interstate 75 near Naples. Madison Cawthorn, 28, who represented part of North …
Full content: A former Congressman from North Carolina may soon be facing higher auto insurance premiums after he slammed into the back of a Florida state trooper’s patrol car on Interstate 75 near Naples. Madison Cawthorn, 28, who represented part of North …
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Category: Southeast News
Date: Fri, 19 Apr 2024 14:02:31 +0000
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Friday, April 19, 2024

Tesla to Recall 3,878 Cybertrucks Over Faulty Accelerator Pedal, NHTSA Says

Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. A trapped accelerator pedal could cause the …


Tesla to Recall 3,878 Cybertrucks Over Faulty Accelerator Pedal, NHTSA Says
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Description: Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. A trapped accelerator pedal could cause the …
Full content: Tesla is recalling 3,878 Cybertrucks to fix an accelerator pedal pad that could come loose and get lodged in the interior trim, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. A trapped accelerator pedal could cause the …
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Category: National News
Date: Fri, 19 Apr 2024 13:45:27 +0000
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Friday, April 19, 2024

Gun Makers Urge Supreme Court to Hear Appeal in Mexico’s Lawsuit

U.S. gun manufacturers on Thursday asked the U.S. Supreme Court to hear their challenge to Mexico’s $10 billion lawsuit seeking to hold them responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. Eight companies …


Gun Makers Urge Supreme Court to Hear Appeal in Mexico’s Lawsuit
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Description: U.S. gun manufacturers on Thursday asked the U.S. Supreme Court to hear their challenge to Mexico’s $10 billion lawsuit seeking to hold them responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. Eight companies …
Full content: U.S. gun manufacturers on Thursday asked the U.S. Supreme Court to hear their challenge to Mexico’s $10 billion lawsuit seeking to hold them responsible for facilitating the trafficking of firearms to violent drug cartels across the U.S.-Mexico border. Eight companies …
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Category: National News
Date: Fri, 19 Apr 2024 13:27:12 +0000
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Friday, April 19, 2024

People Moves: Sears Joins USQRisk; Grindle Retires from Maine Agency

USQRisk, headquartered in New York City, hired Ashleigh Sears as the company’s Head of Casualty. She is tasked with growing distribution networks, scaling in-force structured casualty portfolio and building the casualty underwriting team. Before joining the USQRisk team, Sears held …


People Moves: Sears Joins USQRisk; Grindle Retires from Maine Agency
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Description: USQRisk, headquartered in New York City, hired Ashleigh Sears as the company’s Head of Casualty. She is tasked with growing distribution networks, scaling in-force structured casualty portfolio and building the casualty underwriting team. Before joining the USQRisk team, Sears held …
Full content: USQRisk, headquartered in New York City, hired Ashleigh Sears as the company’s Head of Casualty. She is tasked with growing distribution networks, scaling in-force structured casualty portfolio and building the casualty underwriting team. Before joining the USQRisk team, Sears held …
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Category: East News
Date: Fri, 19 Apr 2024 13:02:18 +0000
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Friday, April 19, 2024

Vermont Farms Still Recovering From Flooding As Growing Season Begins

Hundreds of Vermont farms are still recovering from last July’s catastrophic flooding and other extreme weather as they head into this year’s growing season. Dog River Farm, in Berlin, Vermont, lost nearly all its produce crops in the July flooding. …


Vermont Farms Still Recovering From Flooding As Growing Season Begins
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Description: Hundreds of Vermont farms are still recovering from last July’s catastrophic flooding and other extreme weather as they head into this year’s growing season. Dog River Farm, in Berlin, Vermont, lost nearly all its produce crops in the July flooding. …
Full content: Hundreds of Vermont farms are still recovering from last July’s catastrophic flooding and other extreme weather as they head into this year’s growing season. Dog River Farm, in Berlin, Vermont, lost nearly all its produce crops in the July flooding. …
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Category: East News
Date: Fri, 19 Apr 2024 12:38:48 +0000
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Friday, April 19, 2024

FBI Says Chinese Hackers Preparing to Attack US Infrastructure

Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. An ongoing Chinese hacking campaign known as Volt Typhoon has successfully …


FBI Says Chinese Hackers Preparing to Attack US Infrastructure
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Description: Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. An ongoing Chinese hacking campaign known as Volt Typhoon has successfully …
Full content: Chinese government-linked hackers have burrowed into U.S. critical infrastructure and are waiting “for just the right moment to deal a devastating blow,” FBI Director Christopher Wray said on Thursday. An ongoing Chinese hacking campaign known as Volt Typhoon has successfully …
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Category: National News
Date: Fri, 19 Apr 2024 12:35:11 +0000
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Friday, April 19, 2024

Allstate Reports $731M in Q1 Pretax Catastrophe Losses

Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates brought down the total. One hail event accounted …


Allstate Reports $731M in Q1 Pretax Catastrophe Losses
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Description: Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates brought down the total. One hail event accounted …
Full content: Allstate Corporation estimated pretax catastrophe losses of $731 million, with $328 million from the month of March. Six events contributed to the $343 million total for March — before favorable reserve re-estimates brought down the total. One hail event accounted …
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Category: National News
Date: Fri, 19 Apr 2024 12:29:50 +0000
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Friday, April 19, 2024

Liberty Mutual Insurance Continues Restructuring of Global Risk Solutions Unit

Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global commercial and specialty re/insurer and international insurance operations. The restructuring includes the creation of a new international insurance business division, the unification …


Liberty Mutual Insurance Continues Restructuring of Global Risk Solutions Unit
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Description: Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global commercial and specialty re/insurer and international insurance operations. The restructuring includes the creation of a new international insurance business division, the unification …
Full content: Liberty Mutual Insurance announced strategic updates in its ongoing restructuring of Global Risk Solutions (GRS), the company’s global commercial and specialty re/insurer and international insurance operations. The restructuring includes the creation of a new international insurance business division, the unification …
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Category: International & Reinsurance News
Date: Fri, 19 Apr 2024 11:24:33 +0000
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Friday, April 19, 2024

UK Finance Watchdog Plans on Diversity Targets a ‘Bad Idea,’ Minister Says

Plans by Britain’s financial regulator to require firms to set targets for improving diversity could be counterproductive, UK business and women minister Kemi Badenoch said on Thursday. The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority …


UK Finance Watchdog Plans on Diversity Targets a ‘Bad Idea,’ Minister Says
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Description: Plans by Britain’s financial regulator to require firms to set targets for improving diversity could be counterproductive, UK business and women minister Kemi Badenoch said on Thursday. The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority …
Full content: Plans by Britain’s financial regulator to require firms to set targets for improving diversity could be counterproductive, UK business and women minister Kemi Badenoch said on Thursday. The Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority …
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Category: International & Reinsurance News
Date: Fri, 19 Apr 2024 09:36:26 +0000
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Friday, April 19, 2024

Time-Tested Loss Reserving Methods Challenged: AM Best

Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their …


Time-Tested Loss Reserving Methods Challenged: AM Best
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Description: Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their …
Full content: Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve strengthening for accident years 2015-2019 to continue, the rating agency said in a new report. As companies “finished reporting their …
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Category: National News
Date: Fri, 19 Apr 2024 06:15:33 +0000
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Friday, April 19, 2024

Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers

With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net income for the first quarter. Still, it was …


Uncertainty Keeps Prices Up; No Prior-Year Loss Development: Travelers
Author: Susanne Sclafane
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Description: With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net income for the first quarter. Still, it was …
Full content: With its personal lines business benefiting from the impact of rate increases earning into the book, and the commercial lines insurance premium changes staying in double-digits, Travelers reported $1.1 billion in net income for the first quarter. Still, it was …
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Category: National News
Date: Fri, 19 Apr 2024 05:06:02 +0000
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Friday, April 19, 2024

People Moves: Slide Names Powell Sales VP; Garner Moves to Alliant SE

Tampa-based Slide Insurance has named former Farmers Insurance vice president Charles “Chas” Powell to be senior vice president of sales. Powell has more than 20 years in the industry and began his career at his family’s insurance agency in Florida. …


People Moves: Slide Names Powell Sales VP; Garner Moves to Alliant SE
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Description: Tampa-based Slide Insurance has named former Farmers Insurance vice president Charles “Chas” Powell to be senior vice president of sales. Powell has more than 20 years in the industry and began his career at his family’s insurance agency in Florida. …
Full content: Tampa-based Slide Insurance has named former Farmers Insurance vice president Charles “Chas” Powell to be senior vice president of sales. Powell has more than 20 years in the industry and began his career at his family’s insurance agency in Florida. …
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Category: Southeast News
Date: Fri, 19 Apr 2024 05:01:43 +0000
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Friday, April 19, 2024

Auto Insurer’s $10M Fraud Claims Against Doctors Are Subject to Arbitration, Court Rules

A federal appeals court has sided with three chiropractors in ruling that claims under New Jersey’s personal injury protection statute concerning insurance fraud are subject to arbitration. GEICO has lost its bid to pursue litigation alleging fraud against the chiropractors. …


Auto Insurer’s $10M Fraud Claims Against Doctors Are Subject to Arbitration, Court Rules
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Description: A federal appeals court has sided with three chiropractors in ruling that claims under New Jersey’s personal injury protection statute concerning insurance fraud are subject to arbitration. GEICO has lost its bid to pursue litigation alleging fraud against the chiropractors. …
Full content: A federal appeals court has sided with three chiropractors in ruling that claims under New Jersey’s personal injury protection statute concerning insurance fraud are subject to arbitration. GEICO has lost its bid to pursue litigation alleging fraud against the chiropractors. …
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Category: East News
Date: Fri, 19 Apr 2024 05:00:45 +0000
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Friday, April 19, 2024

Massachusetts AG Warns AI Systems Subject to Consumer Protection, Anti-Bias Laws

Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned Tuesday. In an advisory, Attorney General Andrea Campbell pointed to what she described as the widespread …


Massachusetts AG Warns AI Systems Subject to Consumer Protection, Anti-Bias Laws
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Description: Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned Tuesday. In an advisory, Attorney General Andrea Campbell pointed to what she described as the widespread …
Full content: Developers, suppliers, and users of artificial intelligence must comply with existing state consumer protection, anti-discrimination, and data privacy laws, the Massachusetts attorney general cautioned Tuesday. In an advisory, Attorney General Andrea Campbell pointed to what she described as the widespread …
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Category: East News
Date: Fri, 19 Apr 2024 05:00:39 +0000
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Friday, April 19, 2024

People Moves: Risk Strategies Names Newman Private Client Services Leader for West Region

Risk Strategies named Bryan Newman private client services leader for the West region. He will manage the region’s sales and service teams and key carrier and third-party relationships. Newman has more than 15 years of experie nce. Most recently, he …


People Moves: Risk Strategies Names Newman Private Client Services Leader for West Region
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Description: Risk Strategies named Bryan Newman private client services leader for the West region. He will manage the region’s sales and service teams and key carrier and third-party relationships. Newman has more than 15 years of experie nce. Most recently, he …
Full content: Risk Strategies named Bryan Newman private client services leader for the West region. He will manage the region’s sales and service teams and key carrier and third-party relationships. Newman has more than 15 years of experie nce. Most recently, he …
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Category: West News
Date: Fri, 19 Apr 2024 05:00:39 +0000
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Friday, April 19, 2024

Judge Orders Pennsylvania Utility Board to Produce Chocolate Factory Blast Records

Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal agency’s probe into a fatal explosion at a chocolate factory last year, a federal judge ruled this week. U.S. District Judge …


Judge Orders Pennsylvania Utility Board to Produce Chocolate Factory Blast Records
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Description: Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal agency’s probe into a fatal explosion at a chocolate factory last year, a federal judge ruled this week. U.S. District Judge …
Full content: Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal agency’s probe into a fatal explosion at a chocolate factory last year, a federal judge ruled this week. U.S. District Judge …
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Category: East News
Date: Fri, 19 Apr 2024 05:00:39 +0000
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Friday, April 19, 2024

California Lawsuits Say Fertility Operation Destroyed Embryos

Several lawsuits in California were filed againt Ovation Fertility, a large network of fertility clinics, were filed by former patients whose embryos were destroyed due to a reported critical error at the company’s Orange County branch. The lawsuits were filed …


California Lawsuits Say Fertility Operation Destroyed Embryos
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Description: Several lawsuits in California were filed againt Ovation Fertility, a large network of fertility clinics, were filed by former patients whose embryos were destroyed due to a reported critical error at the company’s Orange County branch. The lawsuits were filed …
Full content: Several lawsuits in California were filed againt Ovation Fertility, a large network of fertility clinics, were filed by former patients whose embryos were destroyed due to a reported critical error at the company’s Orange County branch. The lawsuits were filed …
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Category: West News
Date: Fri, 19 Apr 2024 05:00:09 +0000
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Thursday, April 18, 2024

California Sees Two More Property Insurers Withdraw From Market

California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July. The two companies, units …


California Sees Two More Property Insurers Withdraw From Market
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Description: California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July. The two companies, units …
Full content: California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July. The two companies, units …
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Category: West News
Date: Thu, 18 Apr 2024 20:03:49 +0000
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Thursday, April 18, 2024

Marsh McLennan Reports Better Than Expected First Quarter Profit

Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned from funds held on behalf of clients. The company’s shares rose about 2% to $201 before the bell. The U.S. …


Marsh McLennan Reports Better Than Expected First Quarter Profit
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Description: Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned from funds held on behalf of clients. The company’s shares rose about 2% to $201 before the bell. The U.S. …
Full content: Marsh McLennan reported a better-than-expected quarterly profit on Thursday, helped by an increase in interest income the insurance brokerage earned from funds held on behalf of clients. The company’s shares rose about 2% to $201 before the bell. The U.S. …
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Category: National News
Date: Thu, 18 Apr 2024 16:48:43 +0000
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Thursday, April 18, 2024

CFC Acquires Solution Underwriting in Australia

CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were not disclosed. CFC has been trading in Australia …


CFC Acquires Solution Underwriting in Australia
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Description: CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were not disclosed. CFC has been trading in Australia …
Full content: CFC, the London-based specialist insurer, announced it has agreed to acquire Australian managing general agent, Solution Underwriting. Financial details of the deal, which is expected to complete on April 30, 2024, were not disclosed. CFC has been trading in Australia …
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Category: International & Reinsurance News
Date: Thu, 18 Apr 2024 16:40:56 +0000
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Thursday, April 18, 2024

Investor Climate Group Sets Target for Assets in Private Equity, Debt

The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private assets for the first time and would also look to improve assessment of emissions tied to sovereign …


Investor Climate Group Sets Target for Assets in Private Equity, Debt
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Description: The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private assets for the first time and would also look to improve assessment of emissions tied to sovereign …
Full content: The world’s leading group of asset owners committed to turning their investment portfolios green said on Thursday it had set guidance for private assets for the first time and would also look to improve assessment of emissions tied to sovereign …
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Category: International & Reinsurance News
Date: Thu, 18 Apr 2024 16:26:02 +0000
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