Florida’s Mangrove Insurance Launches Sidecar Reinsurance Vehicle
St. Petersburg-based Mangrove Property Insurance, launched two years ago, has created its own reinsurance sidecar, the company announced. Grove Re Ltd., domiciled in Bermuda, will be a Class 3A insurer, designed to support Mangrove’s risk management and underwriting. Mangrove CEO …
Officials Urge Gulf Coast Beachgoers to Beware of Deadly Bacterial Infections
Health officials in Louisiana are urging beachgoers to take precautions during a summertime surge in infections from a flesh-eating bacteria found in coastal waters. Louisiana has confirmed nine cases of Vibrio vulnificus infections this year, the state’s health department said …
Delta-8 Among Products Banned as Texas THC Suit Continues
A federal judge denied an emergency motion for a temporary restraining order sought by hemp businesses and consumers, allowing the Texas ban on THC products to continue until the case is resolved. U.S. District Judge Jeffrey Brown of Galveston declined …
Marsh McLennan Agency Acquires Iowa’s Accel Holdings
Marsh McLennan Agency announced that it has reached an agreement to acquire Accel Holdings, Inc., a leading diversified independent insurance and advisory firm headquartered in Waverly, Iowa. Terms of the acquisition, which is expected to close in the third quarter, …
Severe Thunderstorms Across US Midwest Trigger Flood Warnings
The US Midwest and Ohio Valley, including Chicago and Cincinnati, face an enhanced, or level 3, risk of severe thunderstorms. That’s triggered numerous flood warnings and watches from Indiana into western Pennsylvania and Virginia, the National Weather Service said. As …
Taylor Farms, Taco Bell Face Multiple Lawsuits Over Cyclospora Outbreak
Multiple proposed class-action lawsuits have been filed over the nationwide cyclospora outbreak, blaming Taco Bell and Taylor Farms for selling contaminated lettuce that has sickened thousands and led to two deaths. At least two of the lawsuits are in federal …
People Moves: Younts Named Chair of NC Industrial Commission
The North Carolina General Assembly last month confirmed workers’ compensation attorney and former Deputy Commissioner Tyler Younts to a six-year term on the state Industrial Commission. A few days later, the state’s commissioner of labor, Luke Farley, designated Younts to …
Renewal Changes for Most Commercial Lines Decrease in July and Q2, Says Ivans
Year over year, average U.S. commercial premium renewals for July increased in all lines except workers’ compensation, according to the Ivans Index. However, month over month, commercial auto, business owners policy, general liability, commercial property and umbrella saw a decrease, …
Kellington Returns to ACORD to Take CEO Role
John Kellington, most recently executive vice president and chief information officer at Cincinnati Insurance for more than 16 years, has been appointed chief executive officer of ACORD. Kellington is no stranger to the standards-setting body for the insurance industry. He …
People Moves: O’Connor Promoted to NA Head of Pro Liability, Cyber at AIG; Canopius Appoints Kuchinski US CUO
American International Group (AIG) said it has promoted Christopher O’Connor to the role of head of professional liability and cyber, North America. O’Connor has been with AIG for more than 15 years. He was most recently North America head of …
Four Crew Killed in Red Sea Attack While Missile Strike Reported in Gulf
Four crew members were killed in an attack by Iran-backed Houthis on a small cargo ship in the Bab el-Mandeb strait on Tuesday, Yemen’s transport ministry said, while sources reported a missile attack on a container ship off Pakistan in …
Typhoon Season Forecast to Be Among Most Intense Ever for Asia
The current typhoon season in the Northwest Pacific Ocean is shaping up to be one of the most intense on record as the El Niño system strengthens, according to the latest projection by commercial forecaster Tropical Storm Risk. Typhoon development …
‘Chronic’ Heat Risk in Europe Draws Warning From Swiss Re
As Europe comes to grips with its fifth heat wave of the year, the research arm of Swiss Re AG is warning of far-reaching consequences. “Record heat underscores Europe’s chronic heat risk,” the authors of the Swiss Re Institute report …
Oman Says Spill From Grounded Shadow Oil Tanker Covers 400 Square Kilometers
Leaking crude oil from a tanker grounded off a nature reserve in Oman has created a slick covering almost 400 square kilometers, the country’s government said on Monday. The Caroline Bezengi is loaded with close to one million barrels of …
E-Scooter Use Surging in Germany Thanks to Private Demand, Rather Than Rental Fleets
Growth in e-scooter use in Germany is powering ahead thanks to private demand rather than the rental fleets that first drove their popularity, as operators like Lime and Bolt grapple with increasingly unfavorable business conditions. Last year, more than 80% …
US FDA Moves to Increase Oversight of Food Additives
The U.S. Food and Drug Administration on Monday took steps to increase oversight of food additives as part of the Trump administration’s “Make America Healthy Again” initiative. President Donald Trump and Health and Human Services Secretary Robert F. Kennedy Jr. …
Appeals Court: Social Media Companies Must Face Thousands of Addiction Lawsuits
A U.S. appeals court on Monday allowed thousands of lawsuits to move forward against Meta Platforms, Alphabet’s Google, ByteDance’s TikTok, and other social media companies over claims they designed their products to be addictive to young users. The San Francisco-based …
Appeals Court Says Lobstermen’s Defamation Suit Raises First Amendment Questions
A federal appeals court signaled that it might not allow a lawsuit brought by fishing industry businesses and trade groups against a California aquarium to proceed because of the case’s potential impact on free speech. The New England-based plaintiffs sued …
Lawsuit Not Allowed for Heat-Stricken Worker Despite Previous Death, NC Court Says
One farm worker died from heat exposure in 2020, resulting in a fine and citation from the U.S. Occupational Safety and Health Administration. Two years later, the employer failed to follow its remedial safety guidelines for heat exposure, failed to …
Tour Boat Operator Charged in Fatal Capsizing in New York Harbor
A New Jersey man has been charged with negligently causing the death of a five-month-old infant and a 27-year-old woman, after the tour boat he was piloting capsized in New York Harbor on August 8. Federal officials allege that Manuel …