Reinsurers will continue to command adequate rates for property-catastrophe in 2024, even if the market comes through hurricane season unscathed, reinsurance company executives said. Kevin O’Donnell, president and chief executive officer of RenaissanceRe Holdings Ltd., and Brian Young, president and …
Lamberto Mongardi, a farm owner in the northern Italian town of Lugo, was hit twice when torrential rain lashed the area last month: not only was much of his property washed away, but he also discovered his insurance cover excluded …
The Bank of England on Thursday proposed further reforms to capital rules for insurers in a step it said would cut red tape without lowering solvency standards. The Solvency II rules were inherited from the European Union and their reform …
Tinubu appoints Mignot as EVP, CRO Americas Tinubu promoted Stephan Mignot from senior vice president of Americas to executive vice president and chief revenue officer of Americas. Mignot launched the Tinubu operations in North America in 2015. In 2020, he …
The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal. During a multi-day court hearing …
This post is part of a series sponsored by IAT Insurance Group. The most successful fleets are those that have a proactive safety culture and do more than what is dictated by federal and state regulations. They take full advantage …
“Climate washing” litigation has risen sharply in the last two years as environmental groups and governments grow frustrated with corporate claims about their contribution to tackling climate change, a report published on Thursday showed. The report, compiled by London’s Grantham …
Newswise — Insurance companies have encouraged consumers to reduce their premiums by using monitoring technology for 25 years now, but consumers have been slow to embrace the idea. First introduced in 1998, the technologies monitor various aspects of the customers’ …
North Carolina-based Arbour National, a privately held insurance holding company, has become majority owner in Southern Trust Insurance and it sister wholesale company, Southern Specialty Underwriters, the firms announced. Terms of the deal were not disclosed in the news release, …
Five teenagers were killed when their car ran off a curving street and landed in a southwest Florida retention pond where it went underwater, authorities said. It happened either late Sunday or early Monday, killing everyone inside. The crumpled Kia …
