Oregon Jury: PacifiCorp Must Pay Punitive Damages for Fires, Plus Award That Could Reach Billions June 15, 2023 By Claire Rush and Gene Johnson A jury on Wednesday ordered the electric utility PacifiCorp to pay punitive damages for causing devastating wildfires in Oregon in...
Study Blames Climate Change for Summer Wildfire Rise in California June 15, 2023 By Don Jergler A study out this week shows that nearly all of the observed increase in summer wildfires in California over the...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative June 15, 2023 This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new...
High Definition Vehicle Insurance Expands Commercial Trucking Product Into Oklahoma June 15, 2023 High Definition Vehicle Insurance, a commercial auto insurance provider, launched its insurance products for commercial trucking fleets in Oklahoma, effective...
People Moves: Atain Hires Trimble as Chief Underwriting Officer June 15, 2023 Atain Hires Trimble as Chief Underwriting Officer Atain Insurance Companies has hired Linc Trimble as its chief underwriting officer. Trimble...
US P/C Records $8.2 Billion Underwriting Loss in Q1: AM Best June 15, 2023 A rise in first quarter losses in the homeowners insurance line of business primarily put U.S. property/casualty underwriting results in...
‘Lockbit’ Digital Gang Named Top Ransomware Threat by US, 6 Other Nations June 15, 2023 By Raphael Satter The United States and six other countries on Wednesday identified the digital extortion gang operating under the “Lockbit” banner as...
Tennessee Insurance Consumers Get Back $7.4 Million So Far in 2023 June 15, 2023 The Tennessee Department of Commerce & Insurance is reporting that it has helped return more than $7.4 million to consumers...
Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion June 15, 2023 By Jan-Henrik Förster, Aaron Kirchfeld and Sonia Sirletti Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for...
Judge Gives Erie Insurance, Maryland Regulator 60 Days to Resolve Rift Over Bias, Document Disclosure June 15, 2023 By Andrew G. Simpson A judge has given Erie Insurance and the Maryland insurance regulator 60 days to settle their differences related to allegations...