Insurance
TDI to Hold Two Public Meetings on TWIA’s Filing of 10% Rate Increase
The Texas Department of Insurance will hold two public meetings in September on the Texas Windstorm Insurance Association’s annual rate filing increase of 10% for residential and commercial properties. TDI will host a meeting on Monday, Sept. 23 in Galveston …
Read More Specialist Risk Group Acquires Renewal Rights of London-Based Taxi Insurance Broker
Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The acquisition strengthens …
Read More 4 Killed, 10 Injured When Passenger Van Rolls Over in Texas Highway Crash
ALVORD, Texas (AP) — Four people were killed and 10 were injured when a van rolled multiple times after the driver veered off a Texas highway and then overcorrected Wednesday, authorities said. The crash happened just before 8 a.m. on …
Read More Northwestern University Cheerleader Drops Sexual Harassment Lawsuit
EVANSTON, Ill. (AP) — A cheerleader has dropped her federal sexual harassment lawsuit against Northwestern University. Hayden Richardson filed the lawsuit in the Northern District of Illinois in January 2021 alleging drunken fans and alumni groped her at school-sanctioned events …
Read More Climate Change Intensified Typhoon Shanshan, Study Says
Typhoon Shanshan, which struck southern Japan this week with heavy rain and strong winds, was likely intensified by climate change, according to a study from Imperial College London. Researchers with the university teased out the contribution of global warming to …
Read More Severe Storms Leave Over 300K Michigan Homes and Businesses Without Power
ROYAL OAK, Mich. (AP) — Crews for two of Michigan’s largest utilities were working to restore power Wednesday to more than 300,000 homes and businesses left in the dark amid hot, muggy conditions after severe storms toppled trees and snapped …
Read More CrowdStrike VP Set to Testify to Congress on IT Outage
A senior member of CrowdStrike Holdings Inc.’s operations team is scheduled to appear before Congress to answer questions on the company’s global IT outage in July that disrupted industries around the world. In an advisory set to publish Friday, the …
Read More Salvage of Stricken Oil Tanker in Red Sea Expected in Coming Days, Sources Say
A salvage operation to recover a Greek registered oil tanker stranded in the Red Sea after an attack by Houthi militants is expected to start in the coming days, two sources with knowledge of the matter said on Friday. What …
Read More Main Street America Insurance Exits Personal Lines
Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Florida-based insurer founded about 100 years ago in Keene, New Hampshire said it is “tightening” its focus and …
Read More Munich Re and Swiss Re Both Top List of 2023’s Largest Reinsurers
Munich Re tops the list of the world’s 50 largest reinsurers that use IFRS 17 reporting standards, while Swiss Re is the largest non-IFRS 17 reinsurer, according to AM Best. Among the largest IFRS 17 reporting reinsurers, Munich Re is …
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