Verisk said on Thursday it will be the first modeler to request a review of its wildfire catastrophe model under a reform pushed by California Insurance Commissioner Ricardo Lara. The reform allows catastrophe models to be used by insurance carriers …

Waves of intense cold will send temperatures plunging as much as 20F (11C) below normal across the central and eastern U.S. this month, triggering ice storms that could down power lines and snarl travel from the Midwest to the Mid-Atlantic. …

A U.S. government fund to compensate people swindled by Bernard Madoff announced its tenth and final distribution on Monday, saying it will have paid out $4.3 billion to 40,930 of the late Ponzi schemer’s victims. Richard Breeden, the former U.S. …

A gruesome attack on revelers celebrating New Year’s in New Orleans thrust US domestic security back into the spotlight just weeks before Donald Trump is sworn in as president. The tragedy, which killed at least 15 people and injured dozens …

The world’s biggest climate coalition for financial firms is making adjustments after several high-profile banks, insurers and asset managers opted out. The Glasgow Financial Alliance for Net Zero, which was established in 2021 and operates as an umbrella group for …

Marsh McLennan Agency (MMA) announced the acquisition of Acumen Solutions Group LLC, a Melville, New York-based insurance agency. Founded in 2012, Acumen provides personal insurance and customized commercial insurance programs, with specialties in the construction, real estate, and aviation industries. …

The Risk & Insurance Management Society today announced that effective Jan. 1 Kristen Peed will serve as president for 2025 — the organization’s 75th anniversary year. Peed is head of corporate risk at Sequoia, a leading human resources technology platform …

South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport as part of their investigation into Sunday’s crash that killed 179 people in the worst aviation disaster on the country’s soil. Jeju …

Three firefighters and a dozen passengers were injured in Florida last week when a fire truck with its lights flashing drove around rail crossing arms and into the path of a high-speed passenger train after waiting for another train to …

(THE CONVERSATION) On Dec. 30, 2021, a wind-driven wildfire raced through two communities just outside Boulder, Colorado. In the span of about eight hours, more than 1,000 homes and businesses burned. The fire left entire blocks in ash, but among …

Investment bank Morgan Stanley said on Thursday it had decided to leave the Net-Zero Banking Alliance, becoming the latest U.S. lender to quit the sector’s top global climate coalition. While the bank gave no reason for its decision, top banks …

A federal judge in Connecticut refused to dismiss a long-running lawsuit accusing the former Nestle Waters North America of defrauding consumers by labeling its Poland Spring bottled water as “spring water.” While rejecting some claims in the proposed class action, …

Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan. 7 as the threat of a strike looms, according to a person familiar with the negotiations. Facing a mid-January …

Alliant Insurance Services has named Johnny Osborne senior vice president for its Americas division. Based in Huntsville, Alabama, Osborne will open the Alabama market for Alliant, further expanding the company’s reach in the Southeast. Osborne has some 10 years’ experience …

Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd., the parent company of Arma Underwriting Ltd. Arma is a leading specialty reinsurance MGA based in the Dubai International Financial …

LULING, La. (AP) — The crew of a tugboat was quickly rescued when their vessel sank into the Mississippi River following a collision with a tanker ship in Louisiana. The U.S. Coast Guard said Monday that it is investigating the …

The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms cables in the Baltic Sea last week is seeking the release of the ship, a lawyer representing the company said …

Hiscox hired Frank Lamantia as chief technology officer, effective January 21. He will report to Mary Boyd, CEO of Hiscox USA, as well as Chris Loake, chief information officer of Hiscox Group, and will serve on both the Hiscox US …

Setting aside the populist flavor of his campaign rhetoric, Donald J. Trump’s previous service as the nation’s 45th president presents a remarkable opportunity to make educated guesses about the impact of his expected policies on the property/casualty insurance industry as …

BTW Solutions bills itself as a drug wholesaler and billing service – and as a way for physicians to maximize profits on workers’ compensation and personal-injury-protection patients through the use of topical creams and durable medical equipment. The Benton, Arkansas-based …