Higher Reserving Uncertainties Could Sustain Hard Market Conditions: Report July 17, 2023 By L.S. Howard Systemic shocks related to the recent pandemic, the war in Ukraine, natural catastrophe losses and elevated inflation have raised questions...
Warren Buffett’s PacifiCorp Sued by Oregon Wineries Over Fire Damage July 17, 2023 By Joel Rosenblatt Berkshire Hathaway Inc.’s PacifiCorp was sued by Oregon wineries claiming that smoke from wildfires ignited by the utility’s equipment in...
AAA Is Not Exiting Florida But Will Non-Renew ‘Small Percentage’ of Policies July 17, 2023 By Andrew G. Simpson The Auto Club Insurance Company (AAA) of Florida has announced that it will not renew a “very small percentage” of...
Liberty Mutual Announces Organizational Changes, Leading to 370 US Job Losses July 17, 2023 By L.S. Howard Liberty Mutual Insurance announced major organizational changes and executive leadership appointments, which are aimed at enhancing its personal and small...
Reinsurance Broker, Augment, Launches With Access to $100M in Funding July 17, 2023 Augment, a new Miami-headquartered reinsurance broker, announced its official launch with access of up to $100 million in funding from...
Insurers Reviewing Black Sea Ship Cover After Russia Quits Grain Deal: Sources July 17, 2023 By Jonathan Saul Insurers are reviewing whether to freeze cover for any ships willing to sail to Ukraine after Russia on Monday quit...
South Carolina Expands Ignition Interlock Law for Drunk Drivers July 17, 2023 South Carolina is expanding the number of drunk driving offenders who must install temporary breathalyzers before taking the wheel. Under...
Death Records Should Be Open to Public, Rules Pennsylvania Court July 17, 2023 By BROOKE SCHULTZ Autopsy records should be open to the public, a Pennsylvania court ruled in response to the county`s denial of a...
Swiss Investor Group Lawsuit to Seek Compensation Over UBS-Credit Suisse Deal July 17, 2023 A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal...
South Korea Flood Death Toll Rises to 40; Yoon Blames Botched Disaster Responses July 17, 2023 By Hyonhee Shin South Korean President Yoon Suk Yeol on Monday blamed authorities’ failure to follow disaster response rules as the death toll...