People Moves: Lawley Expands Team With 3 Insurance Advisors
Buffalo, New York-based insurance agency Lawley hired three new insurance advisors: Ricky Albano in New York, Nicolas DeLuca in New Jersey, and Marco Rumbin in Connecticut. Albano brings 20 years of industry experience as an insurance producer, account executive, and …
Lyft to Pay $272.5 Million to Settle California Driver Misclassification Claims
Lyft will pay $272.5 million to settle allegations it misclassified California drivers as independent contractors. Of the settlement with the California Labor Commissioner’s Office, 87% will go directly to drivers. More than 1,600 drivers who filed wage claims through LCO’s …
At Zeldin Visit, New Hampshire Republicans Celebrate End of Vehicle Inspections
As they passed legislation to end New Hampshire’s vehicle inspection program last year, state lawmakers made a gamble. Ending the inspections would mean ending annual emissions testing, violating New Hampshire’s decades-long approach to comply with the Clean Air Act. And …
Study: Residents Near Maui Wildfires Show Elevated Metals Linked to Lung Health Impacts
Metal mixtures found in the leftover smoke, ash and debris from the deadly 2023 Maui wildfires were harmful to the lung health of people living nearby long after the burning ended, a new study says. The work shows that major …
Florida Commissioner Suspends A-Cap’s Atlantic Coast Life Over Surplus Issues
Two weeks after South Carolina’s insurance regulator took steps to place Atlantic Coast Life Insurance into rehabilitation, another state’s commissioner has suspended the company amid concerns about its finances. “In making the decision to suspend Atlantic Coast’s COA (certificate of …
Allianz Appoints Kroetz and Floquet as CEOs at Allianz Partners and Allianz Direct
Allianz Group announced chief executive officer appointments at Allianz Partners and Allianz Direct, following Tomas Kunzmann’s appointment to the Allianz SE Board of Management earlier this year. Philipp Kroetz, currently chief executive officer of Allianz Direct, will become CEO of …
People Moves: AIG Names Hussain CRO for Retiring Schaper
American International Group (AIG) said Turab Hussain was appointed executive vice president and chief risk officer of AIG, effective Oct. 12. Hussain will report to Eric Andersen, president & CEOr, AIG and will serve on AIG’s Executive Leadership Team. He …
People Moves: Plymouth Rock Home Names Stuckey VP of Customer Service
Plymouth Rock Home Assurance Corp. headquartered in Boston, Massachusetts, named Jared Stuckey as vice president of customer service and underwriting. Stuckey previously led underwriting strategy and managed personal and commercial products for Plymouth Rock’s Independent Agent auto business. He will …
Zurich Insurance Completes Acquisition of Beazley
Zurich Insurance Group has completed its £8.1 billion ($10.7 billion) of Lloyd’s insurer Beazley, effective today. Beazley shares were suspended this morning from the London Stock Exchange with delisting planned for Oct. 2. Under the terms of the deal (known …
Senate Blocks Bill to Address Data Center Costs
The US Senate on Sept. 30 blocked legislation requiring state utility regulators to consider whether large electricity users, including data centers, should bear the incremental costs of power infrastructure built to serve them and thus ease the burden on households. …
US Fund Accuses Radiant World of Fraud in Swiss Complaint
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering, according to a US court filing, adding a new jurisdiction to the iron ore trader’s escalating legal and financial …
Wisconsin Manufacturer Settles Religious Accommodation Request
Generac Power Systems, a Wisconsin generator manufacturer, reached an agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to resolve for monetary and injunctive relief a religious accommodation charge involving an employee’s request to use biological pronouns for another employee, …
Illinois Governor Creates Cabinet to Explore AI Regulation
Gov. JB Pritzker is setting up a new group within state government to explore more regulations for artificial intelligence as calls grow across the country for new restrictions. Pritzker signed an executive order lsat week to establish an AI Cabinet …
Seven Indicted in Louisiana Arson Scheme to Defraud Insurers
Seven people were indicted this week in a years long arson-related insurance fraud scheme involving fires set intentionally in Monroe, Louisiana. The U.S. Attorney’s Office in the Western District of Louisiana alleges that between 2019-2026, the defendants rented homes, obtained …
Texas Stock Exchange Raises $155 Million After First Listings
The parent company of the Texas Stock Exchange raised $155 million in a third funding round, bolstering its financial firepower as it challenges the New York Stock Exchange and the Nasdaq for equities listings. TXSE Group Inc.’s existing shareholders are …
Bayer Faces Trial Test of Remaining Roundup Claims After Supreme Court Win
Attorneys for three cancer patients told a Missouri jury on Sept. 29 that Bayer’s Monsanto unit failed to adequately test its Roundup weedkiller before selling it, starting a trial that could help determine the viability of some Roundup lawsuits after …
China Has an 18-Wheel Answer to Soaring Global Diesel Prices
As Qu Shaolong pulls his electric truck into one of the many charging stations that dot the Chinese coal hub of Yulin, the latest phase in the country’s energy transition is playing out in real time. The roads in this …
Takeaways From AP Analysis on the Flaws in National Flood Insurance
The nation’s flood insurance program struggles to balance affordability, flood protection and cost to taxpayers, leaving millions vulnerable at a time when climate change is driving flood risk higher. Nationwide, just 2.4% of properties are covered by 4.5 million federal …
AXA XL Launches Insurance Company, AXA XL E&S
AXA XL said it launched AXA XL Excess & Surplus Lines Insurance Company (AXA XL E&S), dedicated to exclusively serve wholesale brokers. This strategic move enhances AXA XL’s underwriting focus and capabilities within the Excess & Surplus (E&S) insurance market. …
EU’s Insurance Watchdog Warns of Risks Tied to Extreme Heat
Europe’s insurance and pensions watchdog warned extreme heat is adding to risks the industries face. The European Insurance and Occupational Pensions Authority said multiple sectors are likely to be impacted as temperatures rise, including insurance covering medical costs and income …
Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
Suscribirse a Fuente de noticias Insurance Journal
Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 22 de junio de 2020. El CCRIF pagó al Gobierno de Guatemala aproximadamente US$3,6 millones bajo su póliza de seguro paramétrico de exceso de lluvia (XSR) por nueve días de lluvia que ocurrieron durante las tormentas tropicales Amanda y Cristóbal. La póliza se activó por las lluvias que comenzaron el 31 de mayo.
Gran Caimán, Islas Caimán, 16 de junio de 2020. El CCRIF SPC se complace en anunciar que los países miembros del Consejo de Ministros de Hacienda o Finanzas de Centroamérica, Panamá y República Dominicana (COSEFIN) recibirán beneficios especiales en las pólizas de seguro paramétrico del CCRIF SPC para el año de póliza 2020/21 como apoyo a la respuesta regional a la pandemia de COVID-19.
Gran Caimán, Islas Caimán, 2 de junio de 2020.
Gran Caimán, Islas Caimán, 5 de diciembre de 2019.
Gran Caimán, Islas Caimán, 16 de octubre de 2019. El CCRIF SPC se complace en dar la bienvenida al Gobierno de Guatemala al Mecanismo como su tercer miembro centroamericano. Guatemala ha comprado un seguro paramétrico para exceso de lluvia para el año de póliza 2019/20.