Drought Will Impact Pacific Northwest This Summer, Experts Warn May 24, 2022 Drought is expected to impact much of the Pacific Northwest this summer, including areas in eastern Washington, southern Oregon and...
R&Q’s Accredited Europe Signs 6-Year Program Management Deal with UK Insurtech May 24, 2022 The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it...
Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey May 24, 2022 NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022....
Vermont Creates Panel to Oversee Opioid Settlement Spending May 24, 2022 Vermont Gov. Phil Scott has signed legislation into law that creates an advisory committee to make recommendations on how to...
Rochester Diocese Offers $147M to Settle Sexual Abuse Claims May 24, 2022 By Andrew G. Simpson The Diocese of Rochester, New York, and its insurers have submitted a proposal to bankruptcy court to settle 471 sexual...
Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
MS Amlin Partners With Insurtech Altelium to Offer Cover for Battery Energy Storage May 24, 2022 MS Amlin Underwriting Ltd. (MS AUL), the Lloyd’s re/insurer, announced a partnership with insurtech Altelium to offer a construction all-risk...
Illinois Contractor Fined $378,000 for Exposing Workers to Deadly Fall Hazards May 24, 2022 A Roselle, Illinois contractor’s history of violating federal safety standards and ignoring safety citations and penalties – and a willingness...
Munich Re Issues Green Bond in U.S. Market, in a First for a European Insurer May 24, 2022 Following its successful placement of green bonds in 2020 and 2021, Munich Re has successfully placed its first green subordinated...
Ransomware Attack Exposed Data of More Than 500,000 Chicago Students, Staff May 24, 2022 The personal information of more than half a million Chicago Public Schools students and staff was compromised in a ransomware...