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

Longshoremen Seek Lost Wages in Suit Over Baltimore Bridge Collapse

A group of Baltimore longshoremen have sued the owner and manager of the ship that caused the Francis Scott Key Bridge collapse, arguing the companies should compensate them for wages lost while the port was closed in the aftermath of …

Leveraging Automation in BPO to Drive Insurance Efficiency and Innovation

This post is part of a series sponsored by Selectsys. The insurance industry is undergoing significant transformation, driven by the adoption of automation in Business Process Outsourcing (BPO). By integrating technologies like artificial intelligence (AI), machine learning (ML), and robotic …

Early Lessons From Helene Show Catastrophes Are Here to Stay, Flood Insurance Vital

Hurricane Helene made landfall late Thursday, Sept. 26, in the Florida Big Bend, a sparsely-populated 150-mile coastal stretch from Apalachee Bay, south of Tallahassee, to Waccasassa Bay in the south. All told, the population of the area amounts to less …

People Moves: AXA XL Promotes Flanagan to Lead P&C Bermuda; Intangic Names Cryer as Dir. of Client Solutions; Dale Names Daniel Head of Global Property Reinsurance

This edition of International People Moves details appointments at AXA XL Bermuda, the tech risk platform Intangic, and the Lloyd’s insurer Dale Underwriting Partners. A summary of these new hires follows here. AXA XL Promotes Flanagan to Head of P&C …

Louisiana Fortify Homes Program Doubles Grants as Registrants Surge

Louisiana Insurance Commissioner Tim Temple said the number of grants has doubled for the latest round of the Louisiana Fortify Homes Program due to high volume of registrants. Temple increased the number of grants this round from 300 to 600 …

The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership, announced the launch of the MGA Seraphina. Seraphina will write a broad portfolio of international property business, complementing and diversifying The Fidelis Partnership’s …

Judge Approves $600M Settlement for Residents Near Ohio Train Derailment

A federal judge on Wednesday approved a $600 million class-action settlement Wednesday that Norfolk Southern railroad offered to everyone who lived within 20 miles (32 kilometers) of last year’s disastrous derailment in East Palestine, Ohio. Judge Benita Pearson gave the …

Inmate Who Was Beaten in Patrol Car in Arkansas Files Federal Lawsuit

LITTLE ROCK, Ark. (AP) — An inmate who was beaten by an Arkansas police officer in the back of a patrol car filed a lawsuit Tuesday against the former officer and his police chief, accusing them of violating his constitutional …

Canada’s Axis Insurance Acquires P/C Broker Baker Insurance

Axis Insurance Managers Inc., the Vancouver, Canada-based insurance broker, announced the acquisition of Baker Insurance, a property/casualty brokerage based in Calgary. Financial details of the deal were not disclosed. This strategic move strengthens Axis’ presence in the region and enhances …

Biggest LNG Exporter in the US Wants to Define Emission Rules

Cheniere Energy Inc.’s top executive Jack Fusco wants the biggest gas exporter in the US to set the rules to measure the environmental impact of liquefied natural gas, using a fleet of methane tracking technologies and the company’s clout as …