Insurance News from May 09, 2022
National News
S&P Global Heeds Warnings, Withdraws Proposal for Insurer-Rating Changes
S&P Global Ratings said it is withdrawing a proposal to change the way it assesses...
AGCO Ransomware Attack Disrupts Tractor Sales During U.S. Planting Season
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market
Carlyle to Acquire NSM Insurance from White Mountains in $1.78 Billion Deal
Secrecy Over Condition of U.S. Dams Tied to Security Concerns, Missing Data
International & Reinsurance News
EU to Weaken Russia Oil Sanctions, but Keeps Plan to Prohibit Insurance of Shipments
The European Union is set to soften its sanctions package on Russian oil exports after...
Generali Increases Stake in Indian Non-Life Joint Venture
Software Company SAP Wrestles With Concerns Over Gender Equality, Senior Exits
Foreign Institutional Investors Steer Clear of India’s Biggest IPO
People Moves: Chubb Canada Names Johnstone President as Alfieri Retires; MGA Loadsure Promotes; Canopius Names Atrium’s Wallace for Marine Treaty
East News
Exclusion Left Off Declarations Page Ruled Unenforceable ‘Hidden Trap’ in New Jersey
A three-judge New Jersey Superior Court appellate panel has ruled that an intra-family...
West News
Artificial Intelligence Being Used to Battle Western Wildfires
With wildfires becoming bigger and more destructive as the West dries out and heats up,...
Southeast News
Another Florida Insurer Adds Binding Arbitration Endorsement Amid Losses
Heritage Property & Casualty Insurance Co. reported more losses for the first...
Texas / South Central News
Revised Online Speech Policy Ending Suit Against New Orleans
A federal lawsuit accusing the New Orleans city government of infringing on employees'...
Midwest News
Minnesota Senate Passes Bill to Distribute $300M Opioid Settlement
The Minnesota Senate last week voted unanimously to create a framework for distributing...