Insurance
People Moves: Marsh Names Fraser as Int’l Corporate & Commercial Leader; Clear Group Appoints Chisholm as Sales and Marketing Director
This edition of International People Moves details appointments at the brokers Marsh and Clear Group. A summary of these new hires follows here. Marsh Names Fraser as Int’l Corporate & Commercial Leader Marsh, the insurance broker, risk adviser and Marsh …
Read More SageSure Expands HO Business in Mississippi, Louisiana
SageSure, a managing general underwriter for catastrophe-exposed markets, said it has joined with Auros Reciprocal Insurance Exchange to bring more homeowners coverage to Louisiana and Mississippi. Auros is a property insurance company domiciled in Mississippi. It received its certificate of …
Read More Volkswagen to Recall Over 114,000 US Vehicles Over Airbag Concern, NHTSA Says
Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday. The recall consists of some Beetle and Passat vehicles from model years 2006-2019. “The driver’s side …
Read More H.W. International Agrees to Sell UK, French and Greek Operations to Steadfast Group
H.W. International B.V., the Amsterdam-based, privately owned insurance broker, announced the sale of H.W. Wood Ltd. and HWI France to Steadfast Group, the largest general insurance broker network and underwriting agency group in Australasia and owner of one of the …
Read More SC Man Sentenced for Taregeting Drivers in Parking Lot Insurance Fraud Scheme
A 44-year-old South Carolina man was sentenced to 18 months in prison after he pleaded guilty to an auto insurance fraud scheme that targeted elderly drivers in parking lots. In 2020 through 2022, Cornelius Jones, 44, of Lake City, would …
Read More Liberty Mutual Quadruples Q3 Net Income Despite Catastrophe Losses
Liberty Mutual Holding Company said consolidated third quarter net income more than quadrupled to $897 million compared to $215 million during the same period a year ago. Catastrophe losses remained elevated at nearly $1.1 billion, nearly matching the total from …
Read More Washington Sawmill Fined $126K for 61 Safety and Health Violations
The Washington State Department of Labor & Industries is levying more than $126,000 in fines for 61 reported safety and health violations by a lumber seller. Fox Lumber Sales buys leftover wood, cuts it down, and sells it for pallet …
Read More Danone Wins Dismissal of Evian Microplastics Lawsuit
The maker of Evian spring water, Danone, won the dismissal of a lawsuit on Tuesday accusing it of defrauding consumers with labels that claim the water is “natural” even though it contains microplastics that seep from the bottle. U.S. District …
Read More Renewable Energy Offers a Cost and Opportunity to Insurance Sector
Policyholders in the renewable energy insurance market are paying between 20%-40% more for cover today than a year ago as insurers seek to recover the cost of “devastating claims” in regions hit by natural catastrophes, industry sources say. Unpredictable weather …
Read More 2024 Will Be World’s Hottest Year on Record, EU Scientists Say
This year is “virtually certain” to eclipse 2023 as the world’s warmest since records began, the European Union’s Copernicus Climate Change Service (C3S) said on Thursday. The data was released ahead of next week’s U.N. COP29 climate summit in Azerbaijan, …
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