People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer November 1, 2022 This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A...
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush November 1, 2022 By Shinhye Kang and Sohee Kim Top South Korean officials said a lack of proper crowd management was likely a factor behind a deadly surge of...
Road Accidents Jump 22% During Week After Clocks Go Back November 1, 2022 Claims for road accidents in the UK jumped by over a fifth (22%) in the week after the clocks went...
Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M) November 1, 2022 Initial insurance industry losses from Typhoon No. 14, aka Nanmadol, which hit Japan in September 2022, are an estimated 114...
Jensten Group Completes Acquisition of UK Broker J Bennett & Son November 1, 2022 The Jensten Group, the London-based independent insurance broking group, has completed the acquisiton of J Bennett & Son Insurance Brokers...
Tropical Storm Lisa on Track to Strike Belize as 12th Atlantic Storm of 2022 November 1, 2022 By Brian K. Sullivan Tropical Storm Lisa has spun up in the Caribbean Sea south of Jamaica, on track to strike Belize late Wednesday...
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines November 1, 2022 By Joe Schneider Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses...
Wells Fargo Says SEC Is Examining its Hiring Practices November 1, 2022 By Jonathan Stempel Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices,...
Exclusion Wording Not Clear, Florida Appeals Court Says in Air Quality Case November 1, 2022 Despite repeated references to “water damage,” the ambiguous wording of a policy exclusion by Southern-Owners Insurance Co. does not necessarily...
State Inspector Cites Regulatory Lapses in Fatal New York Limo Crash November 1, 2022 New York regulators failed to do all they could to sideline a poorly maintained stretch limousine that careened down a...