Top Ship Certifier Lloyd’s Register Withdraws Services to Russia March 11, 2022 Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow...
California Commissioner OKs Higher Commercial Coverage Limits for FAIR Plan March 10, 2022 California Insurance Commissioner Ricardo Lara approved increases in the limits of coverage to the California FAIR Plan Association’s commercial programs...
Mosaic to Buy Sirius Int’l Lloyd’s Managing Agency; SiriusPoint to Be Mosaic Investor March 10, 2022 Mosaic Insurance has entered into an agreement to purchase the Lloyd’s managing agency of SiriusPoint as part of a transaction...
Update: Marsh McLennan to Exit Businesses in Russia; Aon Suspends Operations March 10, 2022 Marsh McLennan, the world’s largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while...
AM Best Downgrades Outlook for Florida Family Insurance Companies March 10, 2022 The AM Best rating firm has downgraded the credit rating and the outlook for Florida Family Insurance and its subsidiary,...
People Moves: AXA XL Names Bewlay Chief Exec Reinsurance, Replacing Cooper; Marsh Promotes 3 for Affinity; Hartford Hires Generali’s Mather to Lead Int’l Financial Lines March 10, 2022 This edition of International People Moves details appointments at AXA XL, Marsh and The Hartford. A summary of these new...
California Spraying Company Found Liable for Pesticide Drifts March 10, 2022 A Northern California pesticide spraying company was negligent on at least five occasions its helicopter pilots allowed the toxic chemicals...
Appeals Court Rules Protesters Can Sue Over Vegas Arrests March 10, 2022 A federal appeals court ruled that a Las Vegas police detective can be sued for arresting protesters who chalked anti-police...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s March 10, 2022 Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility...
Taxi Driver Shot by Off-Duty Officer Settles With New York County for $2M March 10, 2022 A cab driver who was wounded by an off-duty police officer in a 2011 road-rage shooting has settled his lawsuit...