Monthly Archives: <span>January 2024</span>

Navigating the Hard Market: 4 Strategies for Brokers to Contend with Constraints in Gulf Coast States Property Insurance

This post is part of a series sponsored by IAT Insurance Group. U.S. coastal areas, particularly Gulf Coast states like Florida, Louisiana and Texas, have been hit hard in the past decade by climate change-related natural disasters. In 2022 alone, …

Oregon Judge Refuses to Dismiss 2015 Climate Lawsuit Filed by Youth

A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people that alleges the federal government knew the dangers posed by carbon pollution but that it has continued through policies and …

Mortgage Value Limit for Homeowners? That Sounds Like a Bad Idea

For context, I suggest that you read this Insurance Journal story that provides some details related to the bill that I want to discuss. Here’s the link: https://www.insurancejournal.com/news/southeast/2024/01/04/754264.htm. We put this Florida story in the “Politicians don’t understand insurance” file. …

Inigo Issues 3rd Catastrophe Bond for $100 Million

Inigo Ltd. announced it has issued its third catastrophe bond for $100 million via Montoya Re Ltd. The cat bond will cover North American named storms and earthquakes and will use a PCS industry loss index trigger. The coupon is …

Google Must Bargain With YouTube Worker Union, US Labor Board Rules

Alphabet Inc’s Google violated U.S. labor law by refusing to bargain with a union representing contract workers for YouTube Music, a federal agency has ruled. The National Labor Relations Board (NLRB) in a decision on Jan. 3 rejected claims by …

People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London

Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support the expansion of Gallagher in Europe, outside of the …

Driverless Truck Companies Plan to Ditch Human Copilots in 2024

Driverless trucks with no humans on board will soon cruise Texas highways if three startup firms have their way, despite objections from critics who say financial pressures, not safety, is behind the timetable. After years of testing, Aurora Innovation Inc., …

US Supreme Court to Hear Challenge to EPA’s ‘Good Neighbor’ Air Pollution Plan

The U.S. Supreme Court on late last month said it would hear a bid to block the Environmental Protection Agency from enforcing a federal regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states. Acting on …

Flooding at Boston Hospital Disrupts IVF Services for 200 Patients

Flooding from a burst water main at Boston`s Brigham and Women’s Hospital has disrupted services for about 200 patients seeking to have children through in vitro fertilization, leaving some of them devastated. The pipe burst about 1 a.m. on Christmas …

FDA Allows Florida to Import Cheaper Drugs From Canada

(Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it had authorized Florida to directly import prescription drugs from Canada, where prices of medicines are cheaper. The regulator said it was committed to working with other states …