Number of Landfalls of Big U.S. Storms Could Break 1916 Record September 18, 2020 By Will Wade Hurricane Sally’s historic flooding of Florida and Alabama this week marked the eighth named storm to strike the continental U.S....
Businesses Urge U.S. Insurers to Stop Insuring, Investing in Fossil Fuel Producers September 18, 2020 By Noor Zainab Hussain A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in...
In a First, State Farm to Acquire Texas Nonstandard Auto Insurer GAINSCO September 17, 2020 State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It...
NBIS Adds SCOR Companies as Market for Specialized Transport, Heavy Haul Industry September 17, 2020 NBIS, a provider of specialty construction insurance and risk management will now offer coverage for the specialized transportation/heavy haul industry...
Orloff to Replace Kelly as Head of Liberty Mutual Field Operations for Commercial Lines September 17, 2020 Liberty Mutual announced that Marc Orloff has been named president, North American Field Operations, Global Risk Solutions (GRS) North America....
Ryan Specialty Group Names Cortezi, Nichols to Lead RSG Underwriting Managers September 17, 2020 Ryan Specialty Group has made two key appointments at its managing underwriting division, RSG Underwriting Managers. Nick Cortezi has been...
Bayer Settles More U.S. Claims Over Weedkiller Roundup September 17, 2020 By Tom Hals Bayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals...
Sompo’s Davis Named President of Canopius USA as It Eyes Expansion September 17, 2020 Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius...
Slowness, Not Speed, of Hurricanes Like Sally Becoming Major Concern September 17, 2020 By Jennifer Hiller and Devika Krishna Kumar For Grant Saltz, who runs a barbecue restaurant in Mobile, Alabama, what struck him about Hurricane Sally was its steady,...
U.S. Prosecutors Charge 7 in Alleged Multi-Target Chinese Hacking Scheme September 17, 2020 The U.S. Justice Department said on Wednesday it has charged five Chinese residents and two Malaysian businessmen in a wide-ranging...