Balance With ‘Micro-Actions’ in Commercial Market But Milton Could Disrupt October 10, 2024 WTW characterized commercial insurance rates as balances and stable but, as Hurricane Milton approached, the broker warned of upcoming disruption....
Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets October 10, 2024 S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S....
Britain Bolsters Sanctions Regime on Russia With New Trade Unit October 10, 2024 Britain on Thursday launched a trade sanctions unit with new powers to penalize companies that fail to comply with restrictions...
People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W October 10, 2024 This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel. A summary of...
Markets/Coverages: AEGIS London-Led Lloyd’s Consortium Launches $25M Miner Rescue Insurance Cover October 10, 2024 The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its...
Munich Re Specialty to Enter Spanish Insurance Market October 10, 2024 Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin...
Firefighters Still on Site More Than Week After Incinerator Trash Fire October 10, 2024 It’s going to take about two weeks to remove smoldering debris from a Maine town’s trash incinerator after a fire...
Amwins and Floodbase Launch Flood Insurance Program for California Municipalities October 10, 2024 Amwins and Floodbase have launched a municipal flood insurance program designed to insure California municipalities against previously uncovered losses due...
Critical Locked Gate Overlooked in Investigation of Maui Fire Evacuation October 10, 2024 The state attorney general’s latest report on the deadly 2023 Lahaina wildfire flagged various locked gates that blocked people trying...
EPA Proposes $4.2M Settlement Related to 2019 Explosion at Philadelphia Refinery October 10, 2024 The U.S. Environmental Protection Agency has reached a tentative $4.2 settlement with a firm that owned and operated a major...