Mon, 23 May 2022 16:56:50 +0000
UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first watchdog to weigh in after a top HSBC banker was suspended after playing down the financial risks of climate change. …
Mon, 23 May 2022 16:52:44 +0000
Alliant Insurance Services Adds James Chenoweth to Mergers & Acquisitions Group Alliant Insurance Services added James Chenoweth in the company’s mergers & acquisitions group. Chenoweth will specialize in providing tax, litigation and M&A risk solution...
Mon, 23 May 2022 16:15:31 +0000
Almost all insurers that participated in a recent survey said they have been involved with a lawyers professional liability insurance (LPLI) claim of more than $50 million in the last two years – and at least one paid a claim …
Mon, 23 May 2022 16:12:18 +0000
The Texas Department of Insurance, Division of Workers’ Compensation (DWC) announced it is accepting public comments on three proposed new forms: DWC Form-003, Employer’s Wage Statement. This form is necessary to allow employers a way to provide wage i...
Mon, 23 May 2022 16:01:34 +0000
Holmes Murphy Adds Tim Boberg as Property Casualty Market Leader of Minneapolis Team Holmes Murphy named Tim Boberg as the Property Casualty market leader of the company’s growing Minneapolis team. Boberg joins Holmes Murphy with nearly 20 years of ind...
Mon, 23 May 2022 15:54:44 +0000
A federal jury in Minnesota has awarded a college student more than $111 million in damages after concluding negligent care of his injured leg following surgery led to a permanent disability. The jury verdict this week, which could be one …
Mon, 23 May 2022 15:46:57 +0000
Roofs and walls on a busy business stretch were turned to tangled rubble. Mobile homes were destroyed. Tornadoes are so uncommon in northern Michigan that Gaylord doesn’t have a siren system to warn people about hazardous weather. The town of …
Mon, 23 May 2022 15:35:10 +0000
A former Mississippi police officer who shot and killed a sleeping woman should pay her four children a quarter-million dollars each for pain and suffering and a total of more than $300,000 to cover therapy, their aunt said in a …
Mon, 23 May 2022 15:15:49 +0000
Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, has completed a previously announced loss portfolio transfer agreement (LPT) with Aspen Insurance Holdings Ltd. and its subsidiaries for their 2019 and prior business. Enstar will assu...
Mon, 23 May 2022 15:01:57 +0000
A former Georgia insurance commissioner has been indicted on federal charges related to an alleged health care scheme. A federal grand jury last Tuesday indicted John Oxendine on charges of conspiracy to commit health care fraud and conspiracy to commit …
Mon, 23 May 2022 14:46:19 +0000
Cars on US roads are as old as they’ve ever been, potentially complicating efforts to expand the use of new safety and emissions-reduction technologies. The age of light vehicles domestically is now 12.2 years on average, up almost two months …
Mon, 23 May 2022 14:31:22 +0000
As more than 2,700 firefighters in northern New Mexico continued to battle the nation’s largest active wildfire on Sunday, many evacuees were growing concerned about their future after weeks away from home The biggest fire in the state’s recorded histo...
Mon, 23 May 2022 14:29:02 +0000
A late spring Colorado snowstorm dumped several inches in the Denver metro area Saturday and knocked out electricity for about 210,000 customers, officials said. The wet snow weighed down tree branches and sent them toppling onto power lines, the KUSA …
Mon, 23 May 2022 14:23:25 +0000
Following a trend in directors and officers litigation involving cybersecurity firms, Okta Inc. now faces a securities class action lawsuit alleging the firm made false and misleading statements, including that it did not disclose and then downplayed t...
Mon, 23 May 2022 10:57:56 +0000
This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these new hires follows here. Guy Carpenter Announces GC Access Leadership in North America Reinsurance broker Guy Carpenter an...
Mon, 23 May 2022 09:56:52 +0000
FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public offering in the city, according to a person with knowledge of the matter. The company received the green …
Mon, 23 May 2022 09:29:43 +0000
First it was oil giant Shell Plc, now it’s the turn of Europe’s biggest carmaker. In the wake of a landmark Dutch ruling a year ago which ordered Shell to cut its emissions by 45% by 2030, a German organic …
Mon, 23 May 2022 09:07:36 +0000
Global power grids are about to face their biggest test in decades with electricity generation strangled in the world’s largest economies. War. Drought. Production shortages. Historically low inventories. And pandemic backlash. Energy markets across th...
Mon, 23 May 2022 08:21:13 +0000
Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss company to drive down the cost of taking carbon dioxide out of the atmosphere. Even with pledges …
Mon, 23 May 2022 06:49:29 +0000
Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an executive at the insurer Markel UK. And perhaps the ongo...
Mon, 23 May 2022 06:48:43 +0000
The British Insurance Brokers’ Association (BIBA) and Allianz have developed a digital guide to support brokers in helping their customers avoid the risks of being underinsured. Underinsurance occurs when you have insufficient insurance cover that leav...
Mon, 23 May 2022 05:34:36 +0000
Abbott Laboratories and the U.S. Food and Drug Administration are on track to reopen Abbott’s baby formula manufacturing plant in Sturgis, Michigan, within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supp...
Mon, 23 May 2022 05:19:03 +0000
A jury in Pensacola, Florida federal court on Friday ordered 3M Co. to pay $77.5 million to a U.S. Army veteran who said he suffered hearing damage as a result of using the company’s military-issue earplugs. The verdict for veteran …
Mon, 23 May 2022 05:01:13 +0000
A week after a Florida news report pointed out that few people seem to know that post-insolvency autopsies are required by law, the state Department of Financial Services has posted 18 of the reports for property insurers online. The reports, …
Mon, 23 May 2022 05:00:53 +0000
CONWAY, N.H. — A forest fire in northern New Hampshire that’s burned 106 acres was nearly contained, officials said Friday. The Bemis Fire in Crawford Notch State Park, the White Mountain National Forest, and on private land began on May …
Mon, 23 May 2022 05:00:29 +0000
Yankees Entertainment and Sports Network (YES), the broadcasting company for the New York Yankees, New York Nets and other area sports teams, is suing its insurer, Hartford Fire Insurance Co., for denying its claims for business losses that it maintains …
Mon, 23 May 2022 05:00:28 +0000
Federal authorities investigating a fatal crash last month near Phoenix say the helicopter went into a near vertical descent for unclear reasons when it was about to land. The National Transportation Safety Board issued its preliminary report last week...
Mon, 23 May 2022 05:00:22 +0000
The New Mexico Supreme Court upheld $165 million of jury awards against FedEx in a wrongful-death lawsuit stemming from a deadly crash involving a Texas family and a contract driver for the delivery company. The 2011 crash on Interstate 10 …
Mon, 23 May 2022 05:00:04 +0000
One of the four people who died in a fire at a Massachusetts apartment building last weekend had filed a defamation lawsuit against right-wing radio host Alex Jones and his InfoWars website in 2018, alleging they falsely identified him as …
Sun, 22 May 2022 17:28:24 +0000
Florida’s insurance community appears to be split, at least to some degree, on the impact that two draft bills will have on the property insurance crisis, with some praising the changes and others warning that they won’t go far enough …