Half a Million Will Be Under Houston Outages a Week After Beryl
Days after Hurricane Beryl crashed through the city, Houston is still grappling with the aftershocks. Large swaths of America’s fourth-largest city are still without power, shutting stores and snarling traffic at non-functioning lights. Gas stations are either closed or swamped …
Lawsuit Against West Virginia Troopers Settled in Death of Maryland Man
CHARLESTON, W.Va. (AP) — A judge approved a $1 million settlement Tuesday in a wrongful death lawsuit that accused West Virginia state police troopers of using excessive force on a Maryland man who was walking along a highway last year. …
NTSB Investigating Crash of Small Plane That Killed Three in North Carolina
MARION, N.C. (AP) — Three people were killed when a small plane crashed in western North Carolina, officials said Monday. McDowell County Emergency Management said in a statement that emergency personnel responding to a report of a missing small plane …
Tennessee Sheriff Pleads Not Guilty to Using Prison Labor for Personal Profit
MEMPHIS, Tenn. (AP) — A sitting Tennessee sheriff pleaded not guilty Wednesday to charges that he illegally profited from the work of jail inmates under his supervision and housed dozens of them in a home outside of the prison without …
Origin Specialty Acquires Agribusiness Managing General Underwriter AIMS
Illinois-based specialty insurance broker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire. AIMS does most of its business in the Mid-Atlantic and East Coast …
AT&T Says Data From Around 109M Customer Accounts Illegally Downloaded
AT&T said Friday the company suffered a massive hacking incident as data from about 109 million customer accounts containing records of calls and texts from 2022 was illegally downloaded in April. The U.S. telecom company said the FBI is investigating …
Menendez’s Wife Hid Truth About Insurance Broker and Mercedes Benz, Lawyer Says
US Senator Bob Menendez’s lawyer told jurors that the politician’s wife failed to tell him details of how she got a Mercedes Benz from a convicted felon who testified during the lawmaker’s corruption trial that the car was a bribe. …
South Africa Storms in Western Cape Cause Damage to 35,000 Homes
Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the city of Cape Town, Executive Mayor Geordin Hill-Lewis said. “We’ve got more than 35,000 families in the city who have …
Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut
In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are now subject to full regulatory review. Citing compliance issues, Insurance Commissioner Andrew Mais issued a new bulletin (PC-63-24) on July …
Greece Fights Deadly Fire on Aegean Island as Temperatures Soar
Greece is fighting a deadly fire on the island of Lesvos, as temperatures in some parts of the country exceed 40C (104F). A person died in a burned-out car on Lesvos, where authorities are investigating whether the vehicle was scorched …
Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather
A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production from the world’s third-largest petroleum reserves. Eight out-of-control blazes have been discovered just south and southwest of the city since …
Conning Study: MGA Market Still Growing
A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment management firm’s 11th annual study on the P/C program business …
CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053
Climate change is expected to increase the frequency and severity of floods in the U.S., posing greater risks to homeowners and mortgage lenders—and since flood damage tends to lower the market value of affected homes, it’s more likely that homeowners …
People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP
AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business for the middle market. Madigan joined AXA XL’s environmental insurance business as an environmental underwriter in 1998 and previously served …
SpaceX Wins Block on Labor Board Case Over Severance Agreements
A federal judge in Texas said on Wednesday he would block the National Labor Relations Board from pursuing claims that Elon Musk’s SpaceX forced workers to sign illegal severance agreements, pending the outcome of the rocket maker’s challenge to the …
Insurers Entitled to Second Injury Fund Payments Even If No Longer Writing in State
A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it stops writing business in the state, the state’s high court has ruled in an opinion reversing itself on the issue. …
Markets/Coverages: Captive Insurer Targets New York Affordable Housing Market
A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time when advocates say coverage is difficult to afford or obtain. The Milford Street Association Captive Insurance Co. will be owned …
Heffernan Acquires Costello Insurance Associates in Arizona
Heffernan Insurance Brokers acquired Costello Insurance Associates in Tempe, Arizona. Pat Costello and his team of five employees will continue to service their new and existing customers Costello services clients throughout the U.S. in obtaining coverage for corporate and pleasure …
California Insurance Commissioner Orders Insurance Preserved for 46K Residents Following Fire
California Insurance Commissioner Ricardo Lara today ordered insurers to preserve residential property insurance coverage for roughly 46,000 policyholders affected by the Thompson Fire in Butte County. The move follows an emergency declaration over the fire from Gov. Gavin Newsom on …
People Moves: Society Insurance Names Brown to Board of Directors
Society Insurance, headquartered in Fond du Lac, Wisconsin, elected Sherman Brown of Chicago as a director at its annual meeting of policyholders. Thomas Gross retired from Society’s board of directors after serving for 27 years. Brown is executive vice president …
Comunicados de prensa más recientes
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.
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