RiverStone Enters Loss Portfolio Transfer Reinsurance Agreement With AXIS Capital December 16, 2022 RiverStone International, the Bermuda-based acquirer and reinsurer of legacy and discontinued insurance business, announced it has entered into loss portfolio...
Texas Republicans, Financial Executives Spar Over Climate Actions December 16, 2022 By Ross Kerber Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare...
Michigan Ex-Boy Scout Leader Sentenced on Sex Abuse Charges December 16, 2022 MOUNT CLEMENS, Mich. (AP) —A former troop leader was sentenced to 12 to 20 years in prison Wednesday after pleading...
Could G-7 Sanctions Against Russia Have Unintended Insurance Consequences? December 16, 2022 By L.S. Howard The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such...
West Virginia Puts All DMV Transactions Online, Speeding Process for Motorists, Insurers December 16, 2022 West Virginia plans to speed up the process for motorists doing vehicle registrations and other transactions with the state. Gov....
NC Lawmaker Calls for Removal of State Disaster Recovery Director December 16, 2022 North Carolina lawmakers rebuked the state’s disaster recovery director — with one calling for her removal — for the agency’s...
Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions December 16, 2022 There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian...
Tornadoes, Storms Leave Trail of Destruction From New Orleans to Great Plains December 16, 2022 By Kevin McGill and Jake Bleiberg A vast and volatile storm system ripping across the U.S. killed at least three people in Louisiana, spinning up tornadoes...
Safety Probe Opened Into Autonomous Driving System in GM’s Cruise Vehicles December 16, 2022 By David Shepardson U.S. auto safety regulators said Friday they have opened a formal safety probe into the autonomous driving system in vehicles...
Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector December 16, 2022 QBE Europe Launches Warranty & Indemnity Product QBE announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for...