People Moves: Miller Promotes Nagle to Head of Miller Europe, Succeeding Holloway; Markel Taps AIG’s Eastwood as Sr. Cyber U/W October 10, 2024 This edition of International People Moves details appointments at the insurance broker Miller and the insurer Markel. A summary of...
Markets/Coverages: AEGIS London-Led Lloyd’s Consortium Launches $25M Miner Rescue Insurance Cover October 10, 2024 The Lloyd’s insurance market’s only product writing cover for the rescue of miners trapped underground has more than doubled its...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s October 10, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
World’s Rivers Faced Driest Year in 30 Years in 2023: UN Weather Agency October 10, 2024 By Jamey Keaten The U.N. weather agency is reporting that 2023 was the driest year in more than three decades for the world’s...
Munich Re Specialty to Enter Spanish Insurance Market October 10, 2024 Munich Re Specialty announced it is entering the Spanish commercial market for primary specialty insurance, with an aim to begin...
Lloyd’s of London Must Stop Supporting Fossil Fuel Expansion, NGO Says October 10, 2024 By Virginia Furness The Lloyd’s of London market is undermining climate action and should impose binding rules to prevent insurers supporting fossil fuel...
GSK Agrees to Settle About 80,000 Zantac Lawsuits for Up to $2.2B October 10, 2024 By Brendan Pierson GSK has agreed to pay up to $2.2 billion to settle most lawsuits in U.S. state courts claiming that a...
Update: Florida CFO Bars Insurers From Altering Adjusters’ Reports Without Explanation October 10, 2024 By William Rabb Almost two years after a group of independent claims adjusters alleged that insurers had deceptively altered their damage estimates and...
With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting October 10, 2024 By William Rabb With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on...
Firefighters Still on Site More Than Week After Incinerator Trash Fire October 10, 2024 It’s going to take about two weeks to remove smoldering debris from a Maine town’s trash incinerator after a fire...