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Zurich Insurance to stop underwriting new oil and gas projects
Reinsurance renewals see resurgence in property cat capacity
Howden Group’s reinsurance arm rebrands to Howden Re
Swiss climate policy shortcomings violated human rights, top court rules
Europe's top human rights court ruled on Tuesday that the Swiss government had violated the human rights of its citizens by failing to do enough to combat climate change.
Norfolk Southern to settle Ohio derailment class action lawsuit for $600M
U.S. railroad operator Norfolk Southern Corp. said on Tuesday it had reached a $600 million deal to resolve a class action lawsuit related to the East Palestine, Ohio derailment last year.
Robust reinsurer earnings help rein in renewal price hikes
A rebound in reinsurance industry capital, prompted by strong reinsurer earnings, should help keep reinsurance pricing in check during 2024 renewals, according to sources and recent industry reports.
MGA kWh offering property cover backed by Aspen
San Francisco-based managing general agency kWh Analytics Inc. said Monday it can write up to $75 million in property coverage per renewable energy project location, backed by increased capacity from Aspen Insurance Co.
James River granted preliminary injunction against Fleming in M&A deal
The Commercial Division of Supreme Court, New York County, has granted James River Group Holdings Ltd. a preliminary injunction against Fleming Intermediate Holdings, a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its acquisition of JRG Reinsurance Co. Ltd. on or prior to April 16, 2024.
Record company attempts to get real over song beats
Universal Music Group is facing a lawsuit in New York federal court over an allegedly unauthorized sampling of the beats in hip-hop singer Mary J. Blige’s 1992 hit song “Real Love,” according to Reuters.
Lancashire launches US E&S operations
Lancashire Holdings Ltd. said Monday it has started underwriting in the U.S. excess and surplus lines market.
Input sought for property insurance survey
Business Insurance is seeking responses from risk managers and decision-makers for organizations’ property insurance purchases.
Comp court denies worker’s COVID injury claim
A Tennessee workers compensation court ruled Monday that a worker who alleged he was injured after contracting COVID-19 on the job was not entitled to benefits.
Insured losses from Taiwan quake could reach $8 billion
GCC insurers’ revenue jumps by 19%
Japan property cat demand down at April 1 renewals
Vietnamese insurer reports strong operating performance
Massive flooding forces evacuations in Russia
Fire breaks out at Pemex oil platform in Mexico
World Insurance buys construction specialist
World Insurance Associates LLC said Friday it acquired JBL Trinity Group Ltd., an Atlantic Highlands, New Jersey-based brokerage that specializes in New York City construction and marine insurance.