Manufacturer Faces $222K Fine for Worker’s Severe Burns at Ohio Facility June 3, 2024 One of the world’s largest and best-known tool and equipment manufacturers could have prevented a 29-year-old maintenance electrician from suffering...
Universal Says it Completed Reinsurance Program With Only a Slight Bump in Cost June 3, 2024 Universal Insurance Holdings, the publicly traded parent of one of Florida’s largest property insurers, said it has completed its reinsurance...
Firefighters Battle California Wildfire With Hot Weather in the Forecast June 3, 2024 Firefighters battling a California wildfire burning east of San Francisco have increased containment on the fire, but hot weather is...
5 Killed in Fiery Crash on South Carolina Coastal Road June 3, 2024 ST. HELENA ISLAND, S.C. (AP) — Five people, including a 4-year-old, were killed during a fiery three-vehicle crash near the...
Apollo Launches Captive Syndicate at Lloyd’s June 3, 2024 Apollo Syndicate Management Ltd., the Lloyd’s managing agent, announced the launch of the first captive syndicate to be launched under...
Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island June 3, 2024 Desjardins Group and The Insurance Company of Prince Edward Island (ICPEI) have confirmed that the transaction announced in March 2024...
People: PEMCO in Washington Names Strong Chief Claims Officer, Reddy Chief Data and Analytics Officer June 3, 2024 PEMCO Mutual Insurance named Calvin Strong chief claims officer. It also named Shashi Reddy chief data and analytics officer. Strong...
Marsh McLennan to Buy Fisher Brown Bottrell Agency for $316 Million June 3, 2024 Marsh McLennan Agency, a subsidiary of Marsh, said it has a definitive agreement to acquire one of the largest agencies...
Social Inflation Key Factor in Rise of Loss Severity: AM Best June 3, 2024 Loss severity for many U.S. casualty lines of insurance business has exceeded economic inflation over the past decade, indicating other...
Staffing Shortages, Reduced Training Fuel Risks for Company Drivers June 3, 2024 Increased distractions, staffing shortages and safety risks mean that 60% of company drivers are worried about their personal safety and...