1 week ago
Miller, the London-based specialist re/insurance broker, has unveiled MillerBoost, a new property smart-follow facility designed to help brokers and their clients move faster and with more conviction in a rapidly evolving market. Powered by InsurX’s frictionless trading infrastructure and offering …
1 week ago
Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. The …
1 week ago
In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …
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1 week ago
U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …
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1 week ago
Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countries other than the US for …
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1 week ago
A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this …
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1 week ago
Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 197,432 Mustang Mach E midsize SUVs, …
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1 week ago
Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …
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1 week ago
Five people were taken to a North Carolina hospital after a flight from Miami hit turbulence Sunday night, officials said. Fire and rescue crews responded to the flight after it arrived at Raleigh-Durham International Airport around 11:30 p.m. and brought …
1 week ago
Florida condominium residents grappling with the steep cost of building improvements will get some financial relief under a new bill signed into law by Republican Gov. Ron DeSantis on Monday. House Bill 913 gives condo homeowner associations more flexibility in …
1 week ago
When school begins at the University of Nevada, Las Vegas, students will have a chance to undertake a bachelor’s degree program in insurance and risk management. The school got the new program approved this month. The first cohort of 35 …
1 week ago
Blistering heat is straining power grids across the eastern half of the US, leading to a blackout in part of New York City’s borough of Queens as the local utility issued a warning to conserve electricity. Consolidated Edison Inc. is …
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1 week ago
Starkweather & Shepley Insurance Brokerage Inc., headquartered in East Providence, Rhode Island, made several recent promotions and advancements in officer positions, including: Starkweather & Shepley Insurance Brokerage Inc. Andrew J. Fotopulos, chairman & chief executive officer Elizabeth A. Lowe, president …
1 week ago
US officials are warning businesses to brace for potential Iranian cyberattacks following American airstrikes on the country’s nuclear sites, an event that experts say could draw a relatively small response from hackers. A bulletin from the Department of Homeland Security …
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1 week ago
This edition of International People Moves details appointments at Howden and Liberty Specialty Markets (LSM). A summary of these new hires follows here. Howden Belgium Appoints De Baets as CEO Howden, the London-based insurance intermediary group, today announces the appointment …
1 week ago
Aon plc today announced the launch of Aon Broker Copilot, a platform that uses artificial intelligence, large-language models and predictive analytics in the commercial insurance placement process. “Aon Broker Copilot equips our brokers with the tools to lead with insight …
1 week ago
Watch out, insurance industry. A well-known cybercrime group appears to have shifted focus to insurers. Apparently, recent cybersecurity incidents at Erie Insurance, Philadelphia Insurance Cos., and most recently Aflac are indicative of a trend. The largely decentralized hacking group known …
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1 week ago
North Carolina authorities have charged a 65-year-old man and his two sons with insurance fraud for allegedly submitting false and exaggerated claims to one of the state’s property insurers of last resort. William Andrews Sr., of Elon, and his sons …
1 week ago
New York Governor Kathy Hochul on Sunday, June 22, declared a state of emergency in 32 counties in response to severe weather. Three deaths in the town of Kirkland have been attributed to the severe thunderstorms that hit parts of …
1 week ago
The pilot of a small plane that crashed near a North Carolina airport this month had raised a wheel after landing to avoid hitting a turtle on the runway, according to a National Transportation Safety Board preliminary report. The pilot …