Oregon Fire Damaged More Than 20 Businesses January 4, 2022 Authorities say a fire early Sunday in Hillsboro, Oregon, impacted about 20 to 25 businesses. Shortly after 3 a.m., Hillsboro...
Global Re Must Pay Litigation Costs Beyond Policy Limits, Federal Appeals Court Holds January 4, 2022 A federal appeals court has upended case law for reinsurers in New York, declaring that policy limits don’t extend to...
People Moves: Sterling Becomes RIMS President; Hughes Becomes President of Kimball Hughes PR; Hampshire Heads CPCU Leadership Council January 4, 2022 RIMS Introduces 2022 Officers and Directors Patrick Sterling will lead RIMS, the risk management society, as president for the 2022...
COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden January 4, 2022 Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind...
UK Broker Aston Lark Acquires Mainstay Insurance January 4, 2022 Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced the acquisition of UK broker...
European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021 January 4, 2022 The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based...
Philadelphia, New Jersey Contractors Face Total $537K in Penalties for Safety Hazards January 4, 2022 On May 24, 2021, inspectors with the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) observed roofing workers...
Glatfelter Insurance Group Appoints Altshuler as Chief Actuary January 4, 2022 Glatfelter Insurance Group, an AIG company, appointed Rocklyn Altshuler as chief actuary. In his new role, Altshuler’s key responsibilities will...
World Insurance Associates Acquires Pennsylvania’s PLA Insurance Services January 4, 2022 World Insurance Associates LLC (WIA) acquired PLA Insurance Services (PLA) of Harrisburg, Pennsylvania, on December 1, 2021. Terms of the...
Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd. January 4, 2022 Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd....