Insurance News from May 13, 2024
National News
Catastrophe Bonds Use Models Underestimating Climate Risks, Investors Say
The risk models that helped drive one of the most lucrative bets of 2023 are...
International & Reinsurance News
Russian Certifier Steps in After India Drops Safety Cover for Sanctioned Oil Tankers
India's ship certification agency has withdrawn safety cover issued to Russian oil...
East News
Massachusetts Faces Off Against Uber, Lyft in Trial Over Status of Gig Workers
Uber Technologies and Lyft are set to face trial on Monday in a U.S. lawsuit by...
West News
Washington AG Says Catholic Church Stonewalling Sex Abuse Investigation
The Catholic church is refusing to cooperate with a Washington state investigation into...
Southeast News
Florida OIR Fines Heritage P&C $1M for Ian Claims Issues
The Florida Office of Insurance Regulation in recent weeks has fined five property and...
Texas / South Central News
Decayed, Broken Utility Pole Caused Largest Wildfire in Texas History: Report
LUBBOCK — A decayed utility pole that broke, causing power wires to fall on dry grass...
Midwest News
Arthur J. Gallagher & Co. Acquires Iowa’s Acumen
Arthur J. Gallagher & Co. announced the acquisition of Cedar Rapids, Iowa-based...