Arbella Insurance Teams Up With Soccer’s New England Revolution
New England insurer Arbella Insurance Group has signed a partnership agreement with the New England Revolution soccer team for the 2024 and 2025 Major League Soccer seasons. As part of the sponsorship, Arbella is named the “Official Auto Insurance Sponsor” …
People Moves: Everest Promotes 2 Senior Leaders in Reinsurance Division; CFC Hires 2 for New Specialist Team Focused on M&A Tax Risks
This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance Division Everest Group Ltd., the global property, …
UnitedHealth Blamed ‘Nation-State’ Threat in Hack That Disrupted Pharmacy Orders
A cyberattack against a division of UnitedHealth Group Inc. has caused a nationwide outage of a computer network that’s used to transmit data between health-care providers and insurance companies, rendering some pharmacies unable to process prescriptions, according to the company …
Specialist Fire Research Consultancy Halliwell Launches London Office
Halliwell Fire Research, the Auckland, New Zealand-based applied fire research consultancy, has expanded its international presence with the launch of a London office. The expansion follows the recent rebrand of Fire Research Group (FRG) to Halliwell Fire Research, which saw …
SEC Drops Some Emissions Disclosure Requirements From Draft Climate Rules
The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said on Thursday. The SEC has …
Fitch: Homeowners Insurers’ Results to Improve In 2024
U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage risk concentrations and aggregations, points to improvement in …
Houthis to Step Up Red Sea Strikes, Use ‘Submarine Weapons’, Leader Says
Yemen’s Iran-aligned Houthis claimed responsibility for an attack on a UK-owned cargo ship and a drone assault on an American destroyer on Thursday, and they targeted Israel’s port and resort city of Eilat with ballistic missiles and drones. The statement …
A Decade After MH370, Planes Still at Risk of Vanishing Off the Map
“Good Night. Malaysian Three Seven Zero.” Those six words were the last radio transmission from the cockpit of Malaysia Airlines Flight 370, less than an hour after the aircraft took off late at night from Kuala Lumpur to Beijing on …
Allianz Grows Wealth Bet With Stake in $68 Billion Money Manager AlTi
Allianz SE is making a strategic investment in money manager AlTi Global Inc. in an expansion of the insurance giant’s global holdings in wealth management. The German insurer’s venture arm, together with alternative asset management platform Constellation Wealth Capital, will …
Allianz Shares Drop on Weak Results in P/C Insurance
Allianz SE shares fell as the German insurance giant reported earnings in its property-casualty business that missed expectations. Fourth-quarter operating profit in the segment came in at €1.6 billion ($1.7 billion), Allianz said Friday. That was below the €1.8 billion …
Iowa School District to Pay $20K to Settle Gender Policy Lawsuit
MARION, Iowa (AP) — An Iowa school board has reached an agreement resolving a lawsuit over a now-rescinded district policy that allowed students to request a gender support plan to begin socially transitioning at school, without the permission of their …
AccuWeather Warns of Potential ‘Super-Charged’ 2024 Hurricane Season
AccuWeather experts warn that the return La Niña and historically warm water across the Atlantic Ocean could contribute to a “super-charged” hurricane season in 2024. AccuWeather long-range forecasters say that the current El Niño pattern is expected to transition to …
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety
Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of generative AI adoption. Yet these …
AT&T Restores Service After Hours of Outage
AT&T said late on Thursday an outage that disrupted calls and text messages for thousands of U.S. users and prompted federal investigations was not caused by a cyberattack. The carrier had restored wireless service for all affected customers, several hours …
American Airlines Must Face Lawsuit Over ESG Retirement Investing
American Airlines must face a lawsuit claiming it failed to prudently oversee employee retirement funds because it used asset managers that pursued sustainable investment strategies, a federal judge in Fort Worth, Texas ruled. U.S. District Judge Reed O’Connor said pilot …
Sotheby’s, Russians, Theft: Insurer Must Defend in High-End Miami Realty Suit
In the glittering world of high-end south Florida real estate, One Sotheby’s International Realty is known as one of the biggest players in the market. This month, the firm is handling the rental of NBA superstar Kevin Durant’s penthouse in …
ALKEME Acquires Ferrante Insurance Services in California
ALKEME acquired Ferrante Insurance Services in Concord, California. Ferrante Insurance Services specializes in providing commercial risk services to contractors throughout California including general liability, workers’ compensation, business auto and bonds. ALKEME is an insurance agency providing businesses and individuals commercial …
OSHA Seeks $306K Fine From Massachusetts Roofer for Alleged Fall Safety Violations
A Framingham, Massachusetts roofing contractor with a history of fall-related safety violations again exposed its employees to potentially fatal falls, this time to falls of up to 20 feet at a residential worksite in Boston’s Hyde Park neighborhood, according to …
Workers’ Comp Rating Bureau Working on 2024 NAIC Terrorism Risk Insurance Data Call
The Workers’ Compensation Insurance Rating Bureau plans to submit to the National Association of Insurance Commissioners (NAIC) insurer-specific California workers’ comp terrorism exposure data, including policy counts, payroll and terrorism premium information, by March 1. The data from the WCIRB, …
Report Shows Metal Tube Ruptured, Causing Fire at California Renewables Facility
The U.S. Chemical Safety and Hazard Investigation Board released an update on the agency’s investigation of a Nov. 19, 2023, fire at the Martinez Renewables facility in Martinez, California, finding that a metal tube ruptured within a reactor charge furnace …
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