North Carolina Rate Bureau Wants 42% Hike in Residential Property Insurance Rates January 8, 2024 The North Carolina Rate Bureau, basing its calculations on input from 197 property insurance companies, has asked for a 42%...
Because ‘Location’ Is Ambiguous in Marine Cargo Policy, Travelers Must Pay Fire Loss January 8, 2024 A New York-based apparel company is entitled to its claim for the full $600,000 limit on its marine cargo insurance...
New York City Subway Collision With Another Train Injured More Than 20 People January 8, 2024 A New York City subway train derailed last Thursday after colliding with another train at low speed, leaving more than...
Mutual Insurance Company of Arizona Declares $15M Dividend January 8, 2024 The board of Mutual Insurance Company of Arizona declared a dividend for its policyholders totaling $15 million. The funds are...
Oregon Judge Refuses to Dismiss 2015 Climate Lawsuit Filed by Youth January 5, 2024 A judge in Oregon rejected a U.S. Department of Justice request to dismiss a 2015 lawsuit brought by young people...
Inigo Issues 3rd Catastrophe Bond for $100 Million January 5, 2024 Inigo Ltd. announced it has issued its third catastrophe bond for $100 million via Montoya Re Ltd. The cat bond...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London January 5, 2024 Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer...
FDA Allows Florida to Import Cheaper Drugs From Canada January 5, 2024 (Reuters) – The U.S. Food and Drug Administration (FDA) said on Friday it had authorized Florida to directly import prescription...
Merck Settles Coverage Dispute With Insurers Over War Exclusion in NotPetya Attack January 5, 2024 Merck & Co. Inc. has reportedly reached a deal with insurers over a closely-watched coverage dispute related to a massive...
Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio January 5, 2024 Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate...