People Moves: Liberty Mutual Names Bhatnagar President, GRS Major Accounts; Geary Hired as TMHCC CEO of North America P/C; Willis Appoints Fisher to Lead Law Firms
Liberty Mutual Insurance Appoints Bhatnagar President, Major Accounts, GRS North America; Fallon Announces Retirement Liberty Mutual Insurance, headquartered in Boston, named Neal Bhatnagar president, major accounts, of Global Risk Solutions (GRS) North America, effective July 7. He will report to …
King Risk Acquires Nobles Agency in North Carolina
King Risk Partners, one of the largest insurance brokerages in the U.S., has acquired Nobles Insurance Agency in North Carolina, King Risk announced this week. Nobles, with offices in Raleigh, Clayton and other cities, has been in business for almost …
Groups Notify Musk’s AI Company of Intent to Sue Over Facility Pollution in Memphis
The NAACP and an environmental group said Tuesday that they intend to sue Elon Musk’s artificial intelligence company xAI over concerns about air pollution generated by a supercomputer facility located near predominantly Black communities in Memphis. The xAI data center …
Perelman at $410 Million Art Trial Says Fire Faded His Works
Ron Perelman told a judge that five of his paintings totaling over $400 million in value lost their luster from a fire in his Hamptons home, at the trial of his lawsuit seeking to force his insurers to cover the …
Finnish Insurer Sampo Picks Thorsrud as CEO to Succeed Magnusson
Finland’s Sampo Oyj appointed Morten Thorsrud to succeed retiring Torbjorn Magnusson as chief executive officer, in a sign of continuity at the helm of the property and casualty insurer. Thorsrud, who currently runs the If P&C unit within the group, …
Asset Owners With $9.5 Trillion Call for Stopping Deforestation
A coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets has called on investors to ensure their portfolios aren’t supporting or enabling deforestation. The Net-Zero Asset Owner Alliance, whose signatories include Allianz SE and the …
Trucordia Closes Carlyle Investment, Refinances Debt
Trucordia announced that it has completed a comprehensive debt refinancing that it says significantly enhances the company’s capital structure and positions it for continued growth. The transaction closes concurrently with the $1.3 billion strategic investment from Carlyle announced earlier this …
Insurance Industry Rejects Proposed Moratorium on State AI Regulation
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweeping tax bill, “One Big Beautiful Bill,” and …
Religious Organizations Get New Chance for Exemption From New York Abortion Rule
The Supreme Court on Monday ordered a New York court to take a new look at whether some religious organizations should be excluded from a state regulation requiring health insurance plans to cover abortions. The justices acted after the court …
People Moves: Hamilton Re and Hamilton Global Specialty Announce CEO Appointments, as Graves Retires; Aon Promotes Rieth to Global Cyber Leader
This edition of International People Moves details appointments at Hamilton Re and Hamilton Global Specialty as well as Aon. A summary of these new hires follows here. Hamilton Re, Hamilton Global Specialty Name New CEOs, as Graves Retires Hamilton Insurance …
Oklahoma Man Arrested for Illegal Marijuana Grow Operations
An Oklahoma man faces felony charges for illegally growing marijuana, Attorney General Genter Drummond’s office announced. Hui Tang, 51, of Kingfisher, was arrested in the wake of a May 29 raid by The Attorney General Office’s Organized Crime Task Force. …
Storm System Brings Severe Weather and Tornadoes to Central Plains and Midwest
A powerful storm system brought severe weather across parts of the Central Plains and Midwest early this week, with more storms forecast for Wednesday. A moist and unstable atmosphere led to significant rainfall, hail and tornadoes in Minnesota on Monday, …
How Big Batteries Could Prevent Summer Power Blackouts
In any other year, May 14 may well have been an energy disaster in Texas. Temperatures climbed to seasonal levels not seen in over a century: 92F in Dallas, 95F in Houston and 104F in Laredo. Air conditioners hummed en …
Eighth Circuit: Travelers Doesn’t Owe in Missouri Apartment Construction Delay Case
A real estate investment firm isn’t covered for losses of rental income and soft costs over a delayed Missouri apartment construction project after the Eighth Circuit determined the firm’s status as an “Additional Named Insured” doesn’t qualify for such losses. …
China’s Financial Opening Up Offers Opportunities for Global Capital, Regulator Says
China’s financial opening up and rapidly growing consumer market benefit the country and provide better asset allocation opportunities for global capital, Li Yunze, the head of China’s financial regulator, said in Shanghai on Wednesday. Total assets under foreign banks and …
Nuclear-Powered Cargo Ships Promise Cleaner Transport but Could Be Hard to Insure
The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas emissions than Japan. The sector is responsible for 3% of all emissions globally, …
US Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows
U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows. LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stable, …
Alabama-Based CRC Group Rebrands BenefitMall as CRC Benefits
Three years after it purchased BenefitMall, Alabama-based CRC Group is rebranding its employee benefits division as CRC Benefits, the company announced this week. The change marks a significant step in aligning the division with CRC Group’s broader go-to-market strategy and …
AM Best Downgrades Credit Ratings of Oregon Mutual Group Members
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Ratings to “bb-” (Fair) from “bbb” (Good) of Oregon Mutual Insurance Company and Western Protectors Insurance Company, which are domiciled in …
Erie Insurance: ‘No Evidence’ of Ransomware in Network Outage
Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage. That statement would appear to contradict claims in two …
Comunicados de prensa más recientes
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.
Gran Caimán, Islas Caimán, 26 de septiembre de 2019. El CCRIF anunció hoy que ha realizado dos pagos al Gobierno de las Bahamas por un total de US$12,8 millones (US$12.824.153) luego del paso del huracán Dorian que causó una devastación generalizada en la parte norte del país que afecta a 2 de las 16 islas principales que conforman este a
- Gran Caimán, Islas Caimán, el 29 de agosto de 2019. El CCRIF ha lanzado una plataforma basada en la web a través de la cual sus miembros pueden monitorear terremotos, y el desarrollo de lluvias y ciclones tropicales potencialmente dañinos, analizar su intensidad y evaluar su impacto, así como verificar si es probable que se active un