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Missouri Supreme Court Strikes Down 2022 Vote on KC Police Funding

The Missouri Supreme Court on Tuesday took the unusual step of striking down a 2022 voter-approved constitutional amendment that required Kansas City to spend a larger percentage of its money on the police department, and ordered that the issue go …

1 Person Killed, Homes Destroyed After Tornado Rips NE Kansas

WESTMORELAND, Kan. (AP) — One person died Tuesday when a tornado ripped through the small city of Westmoreland in northeastern Kansas, destroying houses, RVs and outbuildings, authorities said. Pottawatomie County officials said on Facebook that a tornado struck the city …

Climate Change Concern About to Removed from Florida Energy Law

TALLAHASSEE, Fla. (AP) — Florida, perhaps the most vulnerable state to sea-level rise and extreme weather, is on the verge of repealing what’s left of a 16-year-old law that lists climate change as a priority when making energy policy decisions. …

Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse

Chubb, which had insured Baltimore’s Francis Scott Key Bridge, is getting ready to pay $350 million to the state of Maryland, in what could be the first major payout tied to the collapsing of the bridge in March. The payment …

Markets/Coverages: Resilience Announces New Cyber Loss Prevention Tools; Amwins Forms New Transportation Entity; Aon Launches Suite of Risk Analyzer Tools

Resilience announced new integrated capabilities that enable enterprises to continuously monitor and prioritize their mitigation and transfer of cyber risk. Following the launch of Technology Errors and Omissions (E&O) coverage earlier this year, the Resilience security team is expanding its …

Newark Wants Cargo Ship Firefighters’ Deaths Handled Under Workers’ Compensation

The city of Newark is asking a federal court to dismiss negligence and wrongful death claims against it by the families of two firefighters who died last July while battling a fire on a cargo ship, The city maintains that …

Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse

Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday. Some estimates for the total insured losses from …

People Moves: Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL; MS Amlin Taps HDI’s Healy as Head of Property & Crisis Management Claims

This edition of International People Moves details appointments at global specialty re/insurers Canopius and MS Amlin. A summary of these new hires follows here. Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL Canopius, the global specialty …

MS Reinsurance Gets Ratings Upgrades From AM Best and S&P

MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global Ratings. On April 26, 2024, AM Best announced it had upgraded the company’s financial strength rating to “A+” (Superior) from …

Acrisure Acquires Scottish Broker WH&R McCartney

Acrisure, the Grand Rapids, Michigan-based insurance broker and fintech specialist, announced it has acquired Scottish insurance broker, WH&R McCartney. Based in Motherwell and led by Graeme Robb and Alan Kirkwood, WH&R McCartney is a general commercial SME insurance broker operating …

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