From Architects to Agents: Skiados Hired as PIA Chief Executive
The National Association of Professional Insurance Agents (PIA) named Michael Skiados as CEO following an extensive search process. He will join the organization on October 15. “Mike’s ability to transform the member experience, combined with his operational expertise, will create …
Extreme Canada Weather Causes Record $5.7 Billion Insured Damage
An onslaught of four natural disasters caused C$7.1 billion ($5.3 billion) of insured losses across Canada in just two months — more than any other summer on record. In July and August, a ballistic hailstorm tore through cars and buildings …
Last of Eight Bulls Eyed Escaping From Mall Rodeo Recaptured: Video
First responders in a Massachusetts city had to exercise some impromptu roundup skills when eight bulls escaped from a rodeo being held in the parking lot of a mall on Sunday. Video posted online captured the moment when the bulls …
Florida’s Big Bend Braces for Third Hurricane in a Year as Helene Gains Strength
Florida’s Big Bend region on the northern Gulf Coast is bracing for yet another hurricane, the third in the last 13 months. Wind speeds for what could soon be Hurricane Helene are forecast to reach up to 115 mph, higher …
Road Work Inspector Who Survived Baltimore Bridge Collapse to File Claim
It was just another overnight shift for Damon Davis, a road construction inspector who was supervising repairs on Baltimore’s Francis Scott Key Bridge — until the deck beneath his feet started crumbling. He ran for his life and, miraculously, made …
12 University Lacrosse Players Diagnosed With Rare Muscle Injury After Workout
A dozen Tufts University men’s lacrosse players have been diagnosed with a rare muscle injury after participating in a voluntary, supervised 45-minute workout that the team conducted, a university spokesperson said Friday. Five of the players who have been diagnosed …
Ex-Twitter Worker Wins Musk Layoff Pay Fight, Memo Says
Elon Musk lost a legal fight over unpaid severance to a former Twitter employee who was laid off when he took over the social media platform in 2022, according to a memo obtained by Bloomberg News. The resolution of the …
Hurricane John Makes Landfall in Mexico as Major Category 3 Storm
Hurricane John hit Mexico’s southern Pacific coast late on Monday as a major category 3 storm, with authorities warning residents to protect themselves against potentially deadly storm surges and torrential rain. The storm, packing maximum sustained winds of 120 mph …
Flood Damage on Key Austrian Rail Link to Take Months to Repair
Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the capacity to move people and goods. Commuters and supply chains will need to adapt after record rainfall damaged tracks, tunnels …
British Water Companies Fight $2 Billion Lawsuits Over Sewage Pollution
Six British water companies under-reported sewage discharges and overcharged millions of customers up to 1.5 billion pounds ($2 billion) as a result, lawyers bringing a landmark lawsuit told a London tribunal on Monday. The utilities companies, including Britain’s largest water …
Canada’s Insurance Czar Has ‘Harsh’ Message About Climate: You May Have to Move
The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, …
Mutually Beneficial: How One Midwest Mutual Insurer Recovered From Financial Storms
When Iowa mutual GuideOne Insurance began assessing ways to add an infusion of capital to strengthen its balance sheet, the company went to the usual places a mutual of its size might turn to for financial backing. “We were working …
Environmental Groups, California Sue Exxon Over Global Plastic Pollution
California and several environmental groups sued Exxon Mobil on Monday and accused the oil giant of engaging in a decades-long campaign that helped fuel global plastic waste pollution. Speaking at an event during Climate Week in New York City, California …
Judge Dismisses Suit Seeking to Protect Dolphins Along Miss. Gulf Coast
GULFPORT, Miss. (AP) — A federal judge has dismissed a lawsuit that sought to protect dolphins along the Mississippi Gulf Coast after dozens were killed or sickened in 2019 following the prolonged opening of a spillway used for flood control. …
A-G Specialty Expands With Acquisition of eSportsInsurance Brokerage
A-G Specialty Insurance, a brokerage specializing in coverage for niche industries, is expanding its reach in the amateur sports world with the acquisition of eSportsInsurance, based in Lilburn, Georgia. A-G Specialty, headquartered in Berwyn, Pennsylvania, and established in 1983, has …
FSLA Names New Directors for 2024-2025
The Florida Surplus Lines Association, which notes it provides a safety valve for Florida’s property insurance industry, named new officers for 2024-2025 at its recent annual convention in Tampa. President: Virginia Clancy, TAPCO Underwriters President-elect: Albert Geraci, Risk Placement Services …
Jury Awards $116M in Death of Passenger in No-Door Helicopter Crash
A jury has awarded $116 million to the family of one of five people killed in a no-door helicopter that crashed and sank in a New York City river, leaving passengers trapped in their safety harnesses. The verdict came Thursday …
Town Expects Insurance Will Help Cover $14.9M Wrongful Incarceration Settlement
A Massachusetts town has agreed to pay $14.9 million to a citizen who spent 36 years in prison for a crime he did not commit. Town officials in Braintree said they hope to recover much of that payment from its …
Northwest Residents Concerned About Wildfire, But About 25% Don’t Prepare
The majority of Washington and Oregon residents (82%) have some level of concern about growing wildfire dangers, but only about one-in-four are taking precautions to combat the impacts of smoky air or fire before it becomes an immediate threat, a …
FBI Disrupts Vast Chinese Hacking Operation That Infected Consumer Devices
The FBI has disrupted a group of hackers working at the direction of the Chinese government who targeted universities, government agencies and other organizations, Director Chris Wray said last week. The hacking campaign known as Flax Typhoon installed malicious software …
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Comunicados de prensa más recientes
Gran Caimán, Islas Caimán, 27 de octubre de 2022. El CCRIF SPC ha realizado cuatro pagos por un total de US$15,2 millones a tres de sus gobiernos miembros durante octubre para eventos hidrometeorológicos asociados con la temporada de huracanes de 2022.
Pagos han sido recibidos por los Gobiernos de:Gran Caimán, Islas Caimán, 29 de julio de 2022. El CCRIF SPC se complace en anunciar que sus gobiernos miembros han renovado su cobertura de seguro paramétrico para ciclones tropicales, exceso de lluvia, terremotos, y el sector pesquero para el año de póliza 2022/23, que comenzó el 1o de junio de 2022. Para las pólizas de terremoto, ciclón tropical y exceso de lluvia, los miembros cedieron más de US$1,2 mil millones en cobertura – un aumento del 10% con respecto al año anterior. Trece gobiernos miembros aumentaron su cobertura, en comparación con el año de póliza 2021/22.
Gran Caimán, Islas Caimán, 2 de febrero de 2022. Hoy, el CCRIF y Guardian General Insurance Limited firmaron un memorando de entendimiento para ofrecer a los individuos y organizaciones como cooperativas y organizaciones no gubernamentales (ONG) y sus miembros la capacidad de protegerse contra las pérdidas económicas que resultan del clima extremo asociado con el viento y la lluvia.
Gran Caimán, Islas Caimán, 16 de noviembre de 2021. El CCRIF celebra el éxito de su programa de pasantías de 2021: “Proporcionando a los jóvenes caribeños una experiencia laboral desde cualquier lugar”
