Property Catastrophe Reinsurance Entering a True Hard Market September 13, 2022 By Robert Mazzuoli and Brian C. Schneider Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain...
Bezos’ Blue Origin Suffers Rocket Failure During Uncrewed Mission September 13, 2022 A rocket from Jeff Bezos’ space company Blue Origin failed mid-flight shortly after liftoff on Monday, aborting its cargo capsule...
Climate Change Is Overwhelming U.S. Flood Maps, FEMA Head Says September 13, 2022 Flood maps used by the Federal Emergency Management Agency are out of date and understate the risks to homes and...
Lender, Builder to Settle Wetlands Lawsuit over St. Simons Island in Georgia September 13, 2022 By Insurance Journal Staff Reports A construction company and mortgage lender accused of damaging wetlands on a famous Georgia island have agreed to settle a...
Man Burned at Minnesota Brewery to Receive $56 Million September 12, 2022 A St. Paul man who was severely scalded by hot water while working at a local brewery is due to...
State Agency to Assess Flood Damage in 3 SE Indiana Counties September 12, 2022 Officials in three southeastern Indiana counties have declared local disasters following flash flooding last weekend that killed one woman and...
Investigators: Pilot Error, Overloading Caused Michigan Plane Crash That Killed 5 September 12, 2022 Federal investigators blame pilot error and an overloaded aircraft for a 2019 plane crash near a Michigan airport that killed...
Texas, the Netherlands Form Partnership Against Flooding September 12, 2022 By Juan A. Lozano A visit to Houston last week by the Dutch queen highlighted a long friendship between Texas and the Netherlands that...
Conner Strong & Buckelew Acquires Pennsylvania’s Armstrong, Doyle & Carroll September 12, 2022 Camden, New Jersey-based insurance brokerage Conner Strong & Buckelew has acquired Wayne, Pennsylvania-based brokerage firm, Armstrong, Doyle & Carroll. In...
Citigroup Wins Appeal Over Mistaken Revlon Wire Transfer September 12, 2022 By Jonathan Stempel Citigroup Inc. is entitled to recoup about $500 million of its own money that it accidentally wired Revlon Inc. lenders...