Yearly Archives: <span>2023</span>

People Moves: Shepard to Lead FCCI New England Surety Business Expansion

FCCI Insurance Group has hired Phil Shepard to lead its surety line of business expansion into New England. FCCI is now writing contract and commercial surety bonds in the six New England states – Connecticut, New Hampshire, Maine, Massachusetts, Rhode …

Michigan Lawmakers Introduce Legislation to Give Sex Abuse Victims More Time to Sue

LANSING, Mich. (AP) – Michigan lawmakers introduced bipartisan legislation Tuesday that would give victims of sexual abuse more time to sue for damages as the state again looks to overhaul laws following multiple sexual abuse scandals. The legislation, which appeared …

NC Bill Banning Environmentally Conscious Investment Advances in Senate

North Carolina agencies and state pension plans would be prohibited from using socially and environmentally conscious criteria to make investment decisions or hire employees, under legislation that advanced Wednesday in the state Senate. The proposal, which passed the GOP-controlled House …

Russian President Putin Signs Law Creating Eurasian Reinsurance Company

The Kremlin announced that Russian President Vladimir Putin has signed a law to ratify the creation of the Eurasian Reinsurance Co. The Eurasian Economic Union (EAEU) agreed in October 2022 to form the company, which is intended to facilitate investment, …

Charity Settles False Claims to Help Those Impacted by Ohio Train Derailment

COLUMBUS, Ohio (AP) – Thousands of dollars raised by a charity that falsely claimed it would help residents affected by a train derailment on the Ohio- Pennsylvania border earlier this year will be turned over to a food bank serving …

New Mexico Sues Manufacturers of ‘Forever Chemicals’ Amid Health Concerns

New Mexico’s attorney general and its Environment Department filed suit against the manufacturers of so-called “forever chemicals,” commonly referred to as PFAS, seeking monetary damages to defray the costs of environmental monitoring and cleanups that they say are inevitable. Attorney …

Climate Change and Homeowners’ Insurance Are on a Collision Course

A summer that has already seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners’ insurance in the US. American International Group Inc., which has already …

Philippines Raises Alert Over Volcano, Villagers Urged to Leave Danger Zone

Philippine officials on Thursday raised the alert level for one of the country’s most active volcanoes after superheated streams of gas, debris and rocks cascaded down its upper slope in a condition they fear could lead to a hazardous eruption …

Former SCOR CEO Kessler, 71, Dies

Denis Kessler, 71, non-executive chairman of SCOR and the reinsurer’s former chief executive, died Friday, the company said. “Over the past two decades, Denis Kessler has been the architect behind SCOR’s success and reputation throughout the world,” said Thierry Léger, …

Survey: Younger Generations More Tolerant of Fraud

A significant number of Americans ages 44 and younger show a high level of tolerance for insurance fraud, according to a new survey of insurance consumers by Verisk and the Coalition Against Insurance Fraud. The accompanying study found that while …