South Africa Storms in Western Cape Cause Damage to 35,000 Homes July 12, 2024 By Ntando Thukwana Storms that pounded South Africa’s Western Cape province have led to flood damage affecting more than 35,000 households in the...
Claims Made Commercial Lines Filings Now Subject to Scrutiny in Connecticut July 12, 2024 In a change in regulatory practice, Connecticut has decided that all commercial lines claims made insurance forms and rates are...
Greece Fights Deadly Fire on Aegean Island as Temperatures Soar July 12, 2024 By Sotiris Nikas Greece is fighting a deadly fire on the island of Lesvos, as temperatures in some parts of the country exceed...
Wildfires Encircle Canada’s Oil-Sands City Amid Hot Weather July 12, 2024 By Robert Tuttle A ring of wildfires has erupted around Canada’s unofficial oil-sands capital of Fort McMurray, adding new threats to crude production...
Conning Study: MGA Market Still Growing July 12, 2024 A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023,...
CBO Says Mortgage Subsidy Cost from Flood Damage to Hit $395M by 2053 July 12, 2024 By Don Jergler Climate change is expected to increase the frequency and severity of floods in the U.S., posing greater risks to homeowners...
People Moves: AXA XL Appoints Madigan CUO for Mid-Market Environmental; Edsall Joins Tara Hill as SVP July 12, 2024 AXA XL, headquartered in Stamford, Connecticut, appointed Joseph Madigan as chief underwriting officer for its North American environmental insurance business...
SpaceX Wins Block on Labor Board Case Over Severance Agreements July 12, 2024 By Daniel Wiessner A federal judge in Texas said on Wednesday he would block the National Labor Relations Board from pursuing claims that...
Markets/Coverages: Captive Insurer Targets New York Affordable Housing Market July 12, 2024 By Andrew G. Simpson A new Vermont-based captive insurer is promising to provide insurance for New York affordable rental housing buildings at a time...
Insurers Entitled to Second Injury Fund Payments Even If No Longer Writing in State July 12, 2024 By Andrew G. Simpson A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it...