Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to operate at scale, and will generate efficiencies and deliver innovation that …
The Demotech rating firm has withdrawn the financial stability rating for another Florida-admitted insurer, Lighthouse Property Insurance. It’s an ominous sign for the company and for Florida’s deteriorating property insurance market. “Despite a substantial capital contribution in the fourth quarter …
Following the most active season for named storms in the Atlantic in 2020 and the third-most named storms in 2021, AccuWeather forecasters said to prepare for more of the same in 2022. AccuWeather has predicted 16-20 named storms during the …
ALKEME acquired Snapp & Associates Insurance Services in San Diego, California. Snapp & Associates serves a broad base of industries and has a specialty focus in risk management, insurance planning and employment benefits services in the hospitality, entertainment, construction, and …
McGriff added Donna Matthews, a senior vice president and Denver, Colorado-based marketing account executive, to its real estate and hospitality practice. Matthews has nearly 20 years of experience. A subsidiary of Truist Insurance Holdings, McGriff is an insurance broker providing …
U.S. District Court for the Central District of California entered the consent decree between Activision Blizzard Inc. and the U.S. Equal Employment Opportunity Commission, which includes $18 million in monetary and injunctive relief. By signing the three-year consent decree, Judge …
Infowars host Alex Jones offered to pay $120,000 per plaintiff to resolve a lawsuit by relatives of Sandy Hook Elementary School shooting victims who said he defamed them by asserting the massacre never happened, according to court filings Tuesday. The …
The city of Baltimore has reached a $3.5 million settlement with a group of business owners whose property was damaged in the 2015 unrest that followed the death of Freddie Gray, a Black man injured in police custody. In all, …
An insurer must defend an information technology company facing a pair of Biometric Information Privacy Act (BIPA) lawsuits, the U.S. District Court for the Northern District of Illinois said in a March 30 ruling. In Citizens Insurance Company of America …
The National Association of Insurance Commissioners is moving to amend its climate disclosure survey – and insurers may not like it. The Climate Risk Disclosure Survey is a voluntary risk management tool for state insurance regulators to request from insurers …
