People Moves: Geraci Takes Helm at FSLA, McCleary Named SVP at Alliant
Albert Geraci, area president of wholesale broker Risk Placement Services, has taken the helm as president of the Florida Surplus Lines Association. He replaces Virginia Clancy, who was in the role for 2024-2025. “This year, we will continue to focus …
Renaissance Acquires Business of Evolution Partners
Renaissance, a network of independent insurance agencies, has acquired the agency network business of Evolution Partners, a California-based membership group that helps independent insurance agencies secure direct appointments with insurance carriers. According to a press release, the arrangement gives Evolution …
Another Carrier, Vision Insurance Exchange, Sets Up Shop in Florida
Regulators have approved another new property insurer for the Florida market – Vision Insurance Exchange – led by former Florida Peninsula Insurance CEO Roger Desjadon. The Cape Coral-based Vision is the 15th property-casualty firm to set up shop in Florida …
Markets/Coverages: Ryan Expands E&O Program for Small, Medium Insurance Agents
Managing general underwriter Ryan Financial Lines has expanded its national Insurance Agents & Brokers E&O Program, now offering an admitted product that is available to retail agents in most states. The enhanced program is tailored for property/casualty, personal lines, and …
New York Marijuana Shops Sue State Over Mistaken Openings Too Close to Schools
A group of marijuana dispensaries in New York sued the state on Friday after cannabis regulators admitted they accidentally allowed pot shops to open too close to schools, putting the future of the businesses in jeopardy. The lawsuit asks a …
CVS Not Covered by Insurance for Opioid Lawsuits, Delaware Supreme Court Rules
CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that governments, hospitals, doctors …
Qantas Airways Fined $59M for Illegal Pandemic Layoffs
A judge on Monday fined Qantas Airways 90 million Australian dollars ($59 million) for illegally firing more than 1,800 ground staff at the start of the COVID-19 pandemic. The penalty is in addition to the A$120 million ($78 million) in …
Markel Insurance Completes Sale of Reinsurance Renewal Rights to Nationwide
Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights for its $1.2 billion global reinsurance business to Nationwide. This transaction was previously announced on July 30 and is part of what Markel cites …
Markets/Coverages: Inigo Provides Excess DIC/DIL Cover on Financial Fraud Policies
Inigo Ltd., the Lloyd’s specialty insurer, has launched a product that provides top-up cover on financial fraud policies. The product, called Inigo Crime Excess, is an excess DIC/DIL (difference in conditions and difference in limits) policy designed to sit excess …
Mumbai Drenched by More Rain as Highest Alert Issued for City
Mumbai is facing more heavy rain after a deluge that’s delayed flights, disrupted train services and closed schools, with India’s weather agency issuing its highest warning for the financial hub. Intense rain spells and wind gusts as high as 65 …
North Carolina Man Charged With More Than $1M in Travel Insurance Fraud
Investigators with the North Carolina Department of Insurance last week charged a man with swindling almost $1 million and attempting to gain another $887,500 from travel insurance companies from 2020 to 2024. Michael Gerard Renna, 50, of Clayton, near Raleigh, …
Newsmax Settles Dominion Defamation Case for $67M; Says It Couldn’t Get Fair Trial
Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. …
Insurance Agent Earned Town’s Trust. But Officials Say He Ran a $95M Ponzi Scheme.
For decades, Miles “Burt” Marshall was the man you went to see in a stretch of upstate New York if you had some money to invest but wanted to keep it local. Working from an office in the charming village …
$3.75M to Estate of Unarmed Man Fatally Shot by Oregon Police
The city of Portland, Oregon, is set to pay $3.75 million to the estate of an unarmed man who was shot and killed by police in 2022 after being mistaken for an armed robbery suspect. The city settled with Immanueal …
Judge Strikes Down Trump Guidance Against DEI at Schools and Colleges
A federal judge last Thursday struck down two Trump administration actions aimed at eliminating diversity, equity and inclusion programs at the nation’s schools and universities. In her ruling, U.S. District Judge Stephanie Gallagher in Maryland found that the Education Department …
Coastal Communities Restoring Natural Defenses Against Storm Surges, Rising Seas
In San Francisco Bay, salt ponds created more than a century ago are reverting to marshland. Along the New York and New Jersey coasts, beaches ravaged by Superstorm Sandy underwent extensive restoration. In Alabama, a rebuilt spit of land is …
Studies Tie Unrecognized Deaths, Health Problems to Hawaii And LA Wildfires
The toll of wildfires is usually counted in acres burnt, property destroyed and lives lost to smoke and flames. But three new studies suggest the cost to human health from the Maui and Los Angeles wildfires was substantially higher. Two …
Rockford Mutual Launches Commercial Insurance Offerings in Michigan
Rockford Mutual announced the official launch of their suite of commercial insurance products in the state of Michigan, effective August 18, 2025 This strategic expansion includes Businessowners Policies (BOP), Commercial Package Policies (CPP), and Commercial Umbrella coverage, designed to meet …
Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best
Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best. Swiss Re had previously …
Temporary Barriers Spared Alaska’s Capital From Severe Flooding, Long-Term Fix Elusive
The glacial flooding that sent residents of Alaska’s capital city scrambling this week has become an annual ordeal for those who live along the picturesque river that winds from the nearby Mendenhall Glacier. This year, a giant wall of reinforced …
Comunicados de prensa más recientes
19 de septiembre de 2023. Gran Caimán, Islas Caimán.
14 de septiembre de 2023. Gran Caimán, Islas Caimán. El CCRIF SPC se enorgullece en dar la bienvenida a Honduras como su cuarto miembro de Centroamérica. El Gobierno ha adquirido cobertura de seguro paramétrico para exceso de lluvia, efectiva a partir del 1 de junio de 2023. El director ejecutivo del CCRIF, el Sr.
Gran Caimán, Islas Caimán, 3 de julio de 2023. La Unión Europea (UE) sigue brindando apoyo al CCRIF SPC como medio para subsidiar las primas de las pólizas de seguro paramétrico de sus miembros del Caribe. Este año de póliza, que comenzó el 1o de junio 2023, la UE proporcionó US$4,7 millones al CCRIF para apoyar a los 12 miembros caribeños del CCRIF que son elegibles para ODA1 para subsidiar las primas para ciclones tropicales y exceso de lluvia.
Gran Caimán, Islas Caimán, 29 de marzo de 2023. El jueves, 16 de marzo de 2023, el CCRIF SPC y el Centro de Coordinación para la Prevención de los Desastres en América Central y República Dominicana (CEPREDENAC) firmaron un memorando de entendimiento (MdE) al margen del Taller Técnico Regional para Centroamérica sobre el Financiamiento del Riesgo de Desastres y el Seguro Paramétrico del CCRIF llevado a cabo en Ciudad de Panamá, Panamá los días 15 y 16 de marzo de 2023.
