Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion October 5, 2021 On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the...
UAE Property Group Makes High Bid for Surfside Condo Site October 5, 2021 A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in...
Jury Orders Tesla to Pay $130M to Former Worker Over Racially Hostile Workplace October 5, 2021 A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black...
Cyberattack Crippled Hospital, Led to Baby’s Death, Lawsuit Claims October 5, 2021 Cyberattacks may affect more than organizations’ pocketbooks. They can also hinder a hospital’s care during a crucial moment, a lawsuit...
Securitization Startup Platform Ledger Launches a Casualty ILS Fund October 5, 2021 Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd.,...
People Moves: Management Changes at Safety National Re; Westfield Specialty’s New Underwriting Execs; UFG Searches for New CFO October 5, 2021 Safety National Re Revamps Management Team Safety National Re, a division of Safety National Casualty Corp., made changes to its...
Gallagher Acquires Grand Cayman’s Briat, UK’s Manchester Underwriting October 5, 2021 Global insurance broker Arthur J. Gallagher & Co. announced it has acquired two agencies: Grand Cayman-based Briat Insurance Ltd. and...
Michigan DIFS Expects New Flood Insurance Rating System to Lower Costs in the State October 4, 2021 The Michigan Department of Insurance and Financial Services (DIFS) said the National Flood Insurance Program (NFIP) estimates that under its...
Entergy Faces $150K Fine for Violations at Louisiana Nuclear Plant October 4, 2021 A federal agency is proposing a $150,000 fine against Entergy Operations Inc. for three violations at its nuclear power plant...
Over 175 Bronze Vases Stolen from Louisiana Cemeteries October 4, 2021 At least one person has been arrested after more than 175 bronze vases were stolen off graves in two southwest...