The U.S. Supreme Court ruled that Minnesota’s lawsuit against major actors in the fossil-fuel industry may proceed in state court. Without comment, the Court denied the petition of defendants ExxonMobil, the American Petroleum Institute, and three Koch Industries entities to …

Oswald Companies announced it has acquired Brieden Consulting Group, an employee benefits agency based in Grosse Pointe, Michigan. The addition of Brieden strengthens Oswald’s existing Michigan presence, which is headquartered in the Detroit suburb of Bloomfield Hills. The Brieden Grosse …

RSA Insurance’s UK Specialty Lines business and Brit Ltd. have announced the launch of a new Project Cargo consortium, called “BUILD.” The consortium, one of the largest in the cargo market globally, is now open for business and offers guaranteed …

Over 100 firefighters battled a blaze last Friday at a New Jersey industrial park that was home to the Singer Sewing Machine factory for more than a century. A passerby reported the fire around 5:30 a.m., Mayor J. Christian Bollwage …

King Insurance Partners, an insurance brokerage based in Gainesville, Florida, announced it has acquired Partners Insurance Agency in Gainesville. It’s the latest growth spurt for King, which saw significant expansion in 2023. Sheila Williams is listed as general lines agent …

This edition of International People Moves details appointments at CFC, Aon and QBE Re. A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management Shakeup CFC, the specialist managing general agent, announced that Dan …

Multiple tornadoes and high winds were reported across the South early Tuesday, including Panama City, Florida, where storms caused significant damage to homes and businesses and forced rescues of stranded residents. ClickOrlando.com and other news sites said the line of …

New York state lawyers increased their request for penalties to over $370 million Friday in Donald Trump’s civil business fraud trial. He retorted, “They should pay me.” The exchange came as lawyers for both sides filed papers highlighting their takeaways …

PartnerRe Ltd. announced that effective April 1, 2024, Jacques Bonneau will retire from the company and Philippe Meyenhofer will succeed him as chief executive officer and take his place on the Board of Directors. As part of the transition, Jon …

The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make it more difficult for companies to treat workers as independent contractors rather than employees that typically cost a company more, …

Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run of wild weather on the nation’s east coast leaves a trail of destruction. Severe storms have lashed Victoria since October, …

A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three percent of respondents to the property and casualty insurance …

Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year average of US$105 …

After my (relatively) successful effort in looking at 2023 cyber insurance themes, like a gambler on a streak of beginner’s luck, I wanted to have another roll of the dice in offering my thoughts on cyber insurance themes to look …

Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up …

OpenAI publicly addressed a lawsuit from the New York Times in a strongly worded blog post on Monday, saying the newspaper’s complaint was “not telling the full story” about its use of Times data. The suit, filed in December, claims …

The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into …

In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even before state lawmakers made monumental changes that curbed claims litigation and costs. …

A top federal transportation safety official on Thursday harshly criticized Washington’s regional transit agency, saying a “poor safety culture” led to an October 2021 derailment that caused hundreds of new Metro railcars to be pulled from service. A final National …

New Mexico marijuana regulators revoked the licenses of two growing operations in a rural county for numerous violations and have levied a $1 million fine against each business. One of the businesses, Native American Agricultural Development Co., is connected to …