Insurance
Georgia Moves Toward Permit for Mineral Mine Near Okefenokee Swamp
SAVANNAH, Ga. (AP) — A company’s plan to mine minerals near the edge of the Okefenokee Swamp and its federally protected wildlife refuge neared final approval Friday as Georgia regulators released draft permits for the project, which opponents say could …
Read More Markets/Coverages: Loadsure Launches Motor Truck Cargo Insurance
Loadsure, the London-based insurtech MGA, announced the launch of motor truck cargo insurance, a data-powered insurance product, purpose-built for the logistics community. Called “Columbia™ – Motor Truck Cargo and Logistics Services Insurance,” the product targets SME enterprises and will provide …
Read More PoloWorks Launches Captive Manager Polo Insurance Managers
PoloWorks announced the launch of Polo Insurance Managers (PIM) after the Guernsey Financial Services Commission granted “approval in principle.” PIM will be one of the few independent insurance managers active in Europe and will serve captive, commercial and ILS clients …
Read More Arthur J. Gallagher & Co. Acquires London-Based Simply-Communicate Ltd.
Arthur J. Gallagher & Co. announced the acquisition of London-based The Wright Agency Ltd., doing business as Simply-Communicate Ltd. Terms of the transaction were not disclosed. Simply is a workplace communication agency providing consulting services and digital solutions to enhance …
Read More Canadian Insurer Fairfax Denies Allegations of Asset Value Manipulation
Fairfax Financial on Monday denied allegations by Muddy Waters Research that the Canadian insurer was manipulating asset values, saying the short-seller’s report was “false and misleading.” The detailed counter comes days after the company’s brief initial response to the report …
Read More SiriusPoint Enters Strategic Partnership With MGU Ryan Specialty Nordics
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based managing general underwriter Ryan Specialty Nordics AB, have announced a new strategic trading partnership. SiriusPoint will support Ryan Specialty Nordics as it offers insurance coverage for onshore windfarms, primarily in …
Read More Tankers Tied to the Russian Oil Trade Grind to Halt Following US Sanctions
A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a halt under the weight of US sanctions, a sign that tougher measures by western regulators might be starting to have …
Read More Iceland Plans to Buy Out Homeowners in Volcano-Struck Town
Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik has been subject to repeated seismic activity since …
Read More Build-A-Bear, Maker of Warren Buffett’s Squishmallows Face Off in Court
Warren Buffett is taking on Build-A-Bear. Jazwares, the Berkshire Hathaway-owned maker of the popular Squishmallows plush toys, sued Build-A-Bear Workshop on Monday, calling its new Skoosherz plush toy line “knockoffs” that infringed its intellectual property rights. Not to be outdone, …
Read More What’s to Come in 2024: AI Expansion, More Catastrophes, Network Consolidation
No one can predict the future, but insurance professionals are likely the best qualified when it comes to predicting risk. For this special report, Insurance Journal magazine asked industry thought leaders their predictions for the property/casualty world in 2024 and …
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