Insurance News from November 10, 2022
National News
Insurers Say ‘Bazooka’ of Bogus Boy Scouts Claims is Abuse of Bankruptcy System
A group of insurers – including subsidiaries of AIG, Liberty Mutual, Allianz, Sompo...
International & Reinsurance News
Medibank Hack Could Cost A$700M for Damages and Fixes
The data breach at Medibank Private Ltd. could cost the Australian health insurer A$700...
By Modeling Players’ Insurable Values, Lloyd’s Predicts England Will Win World Cup
Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets
Global Securities Regulators Plan Closer Scrutiny of Carbon Trading
People Moves: Everest Re Taps AXA XL’s Mann to Lead Casualty, UK; RenRe Promotes Marra to CUO; Lockton Re Names Aon’s Ryan for Retrocession & Property Specialty
East News
Prosecutors Oppose Release of Alleged Restoration Extortion Gang Leader
The alleged leader of a gangland extortion ring that took control of the New York City...
West News
Moody’s: California Utilities Reduced Liability Following Catastrophic Wildfires
A new report shows California utilities have noticeably reduced their liability...
Southeast News
Georgia Ex-Insurance Chief Oxendine Denies Knowing of Fraud, Seeks Dismissal of Charges
Former Georgia Insurance Commissioner John Oxendine denies knowingly being involved in...
Texas / South Central News
Arkansas Voters Reject Legalizing Marijuana
LITTLE ROCK, Ark. (AP) – Arkansas voters have rejected a constitutional amendment...
Midwest News
Iowa Voters Add Gun Rights to Constitution
DES MOINES, Iowa (AP) – Iowans voted Tuesday to add a right to keep and bear arms...