South Africa’s deadliest floods in almost three decades was exacerbated by climate change and similarly heavy rainfall can be expected to occur more regularly, according to scientists collaborating under the World Weather Attribution initiative. Rainfa...
EU countries and lawmakers agreed on Friday to tougher cyber-security rules for large energy, transport and financial firms, digital providers and medical device makers amid concerns about cyber attacks by state actors and other malicious players. The ...
Russia’s biggest airline, Aeroflot, said on Friday it had bought eight Airbus A330 aircraft from foreign leasing companies “as part of the fulfillment of contractual obligations.” More than 400 aircraft leased from Western firms, worth almost $10 billi...
Already, 2022 is taking its place in a pantheon of years that have seen the nature of fire change — and all parts of the world fall under threat. It’s only expected to get worse, with drought and heat waves …
U.S. air-safety regulators have told Boeing Co. the documentation it submitted to win approval to resume 787 deliveries to airlines after a year is incomplete, two people familiar with the matter said. The U.S. Federal Aviation Administration (FAA) ide...
Starting today, May 16, Florida insurance agents and 68,000 policyholders will have 45 days to find new homeowners and dwelling coverage, under a financial restructuring plan submitted by FedNat Insurance and its sister companies. But unlike an insolve...
The Tennessee Department of Commerce & Insurance has named Michael Shulz to be director of business development for the insurance division, promoting the growth of Tennessee-based captive insurance companies. Tennessee already ranks 10th in the world f...
Delaware’s state Senate on Thursday gave final approval to a bill legalizing possession of up to one ounce of marijuana by adults for recreational use. The legislation cleared the Democrat-led Senate on a 13-7 party line vote. Sen. Bruce Ennis …
Woodruff Sawyer named Andrew Holloway as a vice president, surety. Holloway was previously regional manager at Hartford Bond for 17 years, working in both Southern and Northern California. He will be based in Woodruff Sawyer’s Walnut Creek, California,...
A former Bridgeport assistant police chief’s lawsuit claiming he was defrauded out of the police chief’s job can go forward, a state appeals court has ruled. James Nardozzi’s lawsuit stemmed from the hiring scandal that landed the city’s police chief …
The California Legislature has agreed to increase how much money people can win in medical malpractice lawsuits, resolving one of the thorniest disputes in state politics by raising a cap on damages for the first time in 47 years. California …
IA&B Welcomes John Savant as Government Affairs Director The independent insurance agents’ trade association for Pennsylvania, Maryland and Delaware has a new lobbyist. The Insurance Agents & Brokers (IA&B) has hired John Savant as government affairs d...
India’s Life Insurance Corp. (LIC) has priced its initial public offering at the top of the indicated range, at 949 rupees ($12.28), a source familiar with the matter said on Friday. The state-owned insurance behemoth is likely to be listed …
Keystone Insurers Group, which calls itself the fourth largest participant-owned insurance agency network in the country, has named Carolyn Nalley as new Tennessee state vice president. Nalley was previously at The Hartford as a senior small-commercial...
AGCS Promotes Todorovic for Political Violence Unit Allianz Global Corporate & Specialty (AGCS) has promoted Srdjan Todorovic as head of Global Political Violence & Hostile Environment Solutions, based in London. This unit is part of AGCS’s Property li...
The Alabama Department of Insurance will hold a hearing in June on VR Insurance Holdings’ proposed purchase of the National Security Group. VR Insurance Holdings is a recently formed Delaware-based company formed by a group of investors, including Vive...
A long-running investigation into a former Georgia insurance commissioner has finally come to an end. The Atlanta Journal-Constitution reported that former Commissioner John Oxendine agreed to turn over about $128,000 in campaign contributions from his...
A film production company is contesting sanctions by New Mexico officials for alleged workplace safety violations on the set of “Rust,” where actor and producer Alec Baldwin fatally shot a cinematographer in October, according to filings posted Wednesd...
A tentative $32 million settlement has been reached with Los Angeles County in a lawsuit over its child welfare agency’s supervision of a boy who allegedly was abused to death by his mother and her boyfriend, attorneys announced. The settlement …
WTW Vows to Grow M&A Practice, Appoints Broking Regional Leader Insurance broker WTW (Willis Towers Watson) announced that Mark Rusas will focus exclusively on leading the Mergers & Acquisitions (M&A) practice within Corporate Risk & Broking (CRB) for ...
Newly released data from CoreLogic show the Coastal Fire in California has burned at least 20 homes in the Orange County community of Laguna Niguel. The estimated reconstruction cost value is $530 million for the area presently threatened by the …
Africa Specialty Risks (ASR), the pan-African focused reinsurance group, announced its energy division’s capacity increased to $38 million, provided through its ongoing relationship with GIC Re and Peak Re. This follows 12 months of profitable underwri...
Crews on Tuesday were battling an estimated 45-acre brush fire in New Hampshire’s White Mountain National Forest and said it might have been caused by a person who started the fire for warmth or cooking. The fire was west of …
A U.S. judge on Thursday ruled that “Vape: The Musical,” which mocks the blockbuster 1978 film “Grease,” amounted to fair use and did not infringe the rights of owners of the “Grease” copyright. Chief Judge Laura Taylor Swain of the …
Since the beginning of the COVID-19 pandemic, small businesses have quickly adopted remote working and transitioned to new technologies, such as contactless payments and online ordering. Unfortunately, these adjustments have come with increased risks. ...
Cleaner air in United States and Europe is brewing more Atlantic hurricanes, a new U.S. government study found. The National Oceanic and Atmospheric Administration study links changes in regionalized air pollution across the globe to storm activity goi...
WILSONS, Va.— Soon after Jim Medeiros bought his 143-acre (58-hectare) cattle and poultry farm in rural Virginia a decade ago, he and his wife were startled by the sounds of 20 hunting dogs barking and howling as they circled their …
Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for 2022, despite ongoing inflationary pressures. The company has minimal exposure to the war in Ukraine. Premium rates will continue to …
USG Insurance Services Names AJ Perez as Producer/Broker; Commercial Lines USG Insurance Services, Inc. named AJ Perez as producer/broker: commercial lines in the Houston, Texas branch office. Perez joins the USG team with 16 years of insurance industr...
Arkansas’s attorney general on Wednesday accused drugmakers and pharmacy benefit managers of colluding to drive up the price of insulin drugs, the latest in a series of lawsuits to take aim at skyrocketing insulin costs. The lawsuit, filed in Pulaski …