Florida bills that target litigation financing, which seemed to be on their way to quick approval a week ago, have all but foundered in the state Capitol. House Bill 1179, by Rep. Toby Overdorf, and its companion, Senate Bill 1276, …
The U.S. Department of Labor’s Occupational Safety and Health Administration has cited an aeronautical parts manufacturer for exposing workers to nearly two dozen safety hazards following a complaint about a lax safety environment at the company’s plant in Catoosa, Oklahoma. …
Fidelis Insurance Holdings Ltd., the Bermuda insurance holding company, announced it has closed a new catastrophe bond via its “Herbie Re” program. This is the fifth series of notes issued by Herbie Re and will provide Fidelis Insurance Holdings (also …
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” (Excellent) from “a-” (Excellent) of United Frontier Mutual Insurance Co., which is headquartered in Lockport, New York. At …
New England insurer Arbella Insurance Group has signed a partnership agreement with the New England Revolution soccer team for the 2024 and 2025 Major League Soccer seasons. As part of the sponsorship, Arbella is named the “Official Auto Insurance Sponsor” …
This edition of International People Moves details appointments at re/insurer Everest Group and the managing general agent CFC. A summary of these new hires follows here. Everest Promotes 2 Senior Leaders in Reinsurance Division Everest Group Ltd., the global property, …
A cyberattack against a division of UnitedHealth Group Inc. has caused a nationwide outage of a computer network that’s used to transmit data between health-care providers and insurance companies, rendering some pharmacies unable to process prescriptions, according to the company …
Halliwell Fire Research, the Auckland, New Zealand-based applied fire research consultancy, has expanded its international presence with the launch of a London office. The expansion follows the recent rebrand of Fire Research Group (FRG) to Halliwell Fire Research, which saw …
The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said on Thursday. The SEC has …
U.S. homeowners’ insurance is in position to improve in 2024, according Fitch Ratings. The rating agency said premium revenue growth, tied to recent substantial price increases and more diligent underwriting to manage risk concentrations and aggregations, points to improvement in …
