Parent of Key SiriusPoint Shareholder Goes Into Receivership; Ratings Impact Neutral December 14, 2023 By L.S. Howard SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced that the parent company of a key shareholder has been taken...
SC Appeals Court: Insurer’s Bad Faith Meant Award Was 10X Policy Limit December 14, 2023 By Jim Sams Jose Castillo didn’t ask his insurance company to defend him from a lawsuit that alleged his shoddy construction caused millions...
Markel International Launches Specialty Division, Led by 2 Hires From Brit December 14, 2023 Markel, the insurance operation within Markel Group Inc., has launched a Specialty practice within its International Wholesale division, which will...
Warmer Winters Could Mean More Tornadoes in December, Like Those in NC, TN December 14, 2023 Residents of Garner, North Carolina, have spent the week cleaning up after an F1 tornado damaged more than 20 homes...
Howden Acquires Denmark’s NORTH Risk December 14, 2023 Howden, the London-based insurance group, announced an agreement to acquire Denmark’s fourth largest insurance intermediary NORTH Risk, thereby establishing a...
Range Rovers Become Thief-Magnets, Causing Insurance Premiums to Skyrocket December 14, 2023 By Jamie Nimmo Tim Coen, a property investor, loved his Range Rover Sport but decided it was time to go green. He wanted...
AXIS Gets In-Principle Approval to Launch Energy Resilience Syndicate at Lloyd’s December 14, 2023 AXIS Capital Holdings Ltd. announced it has received in-principle approval from Lloyd’s to launch a syndicate that will focus on...
NTSB Finds Chicago Train Operator Was Not at Fault for November Crash December 14, 2023 By Claire Savage CHICAGO (AP) – The operator of a Chicago commuter train that collided with snow- removal equipment last month was not...
TWIA Board Votes to Maintain Agent Commissions at 16% After Hearing Testimony on Impact December 14, 2023 By Ezra Amacher The Texas Windstorm Insurance Association held its final quarterly meeting on Dec. 12 in Corpus Christi, where the board of...
Armed Guards on Tanker Exchange Fire With Boat Near Yemen December 14, 2023 By Rakteem Katakey and Alex Longley Armed guards on a fuel tanker exchanged gunfire with a small boat in the Red Sea, another sign of escalating...