The Vermont Supreme Court has denied a bid by a manufacturer of asbestos products to bypass Vermont law in determining the allocation of losses for insurance purposes. In so doing, the Vermont court sided with Ambassador Insurance Co., which has …
Flood warnings stretched across Australia’s east coast on Tuesday and tens of thousands of Sydney residents fled their homes as torrential rains again pummeled the country’s largest city, flooding several big suburbs. Australia’s eastern rivers were already near capacity following …
The Worldwide Broker Network (WBN), the global network of independent insurance brokers and employee benefits consultants, announced that Specialist Risk Group (SRG) has joined as a new member of the network in the United Kingdom. Headquartered in London, SRG is …
Insurance broker Gallagher has launched a new business in the Dubai International Financial Centre (DIFC) to support clients across the Middle East and Africa with its specialty and facultative reinsurance solutions. The business will benefit from Gallagher and MIG Group’s …
Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate. “I was just 15 feet away when it hit our ship. Our third engineer, …
Experts have warned for decades that a large swath of the central U.S. is at high risk for a devastating earthquake. They know that overcoming complacency is among their biggest hurdles. Hundreds of emergency managers, transportation leaders, geologists and others …
At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas, vessel tracking data showed on Monday. Russian state-owned Sovcomflot was blacklisted by the …
A central North Dakota farmer has pleaded not guilty to crop insurance fraud. Kent Pfaff, 58, of the Washburn area, has been released on a personal recognizance bond. U.S. District Judge Daniel Hovland on March 3 scheduled a trial to …
AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) for the members of the Oklahoma Farm Bureau Group: Oklahoma Farm Bureau Mutual …
Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to earlier freezes on Iran and North Korea. Manufacturers, lessors, …
