Insurance

Over 100 firefighters battled a blaze last Friday at a New Jersey industrial park that was home to the Singer Sewing Machine factory for more than a century. A passerby reported the fire around 5:30 a.m., Mayor J. Christian Bollwage …

King Insurance Partners, an insurance brokerage based in Gainesville, Florida, announced it has acquired Partners Insurance Agency in Gainesville. It’s the latest growth spurt for King, which saw significant expansion in 2023. Sheila Williams is listed as general lines agent …

This edition of International People Moves details appointments at CFC, Aon and QBE Re. A summary of these new hires follows here. Trueman Joins CFC as CUO After Recent Management Shakeup CFC, the specialist managing general agent, announced that Dan …

Multiple tornadoes and high winds were reported across the South early Tuesday, including Panama City, Florida, where storms caused significant damage to homes and businesses and forced rescues of stranded residents. ClickOrlando.com and other news sites said the line of …

New York state lawyers increased their request for penalties to over $370 million Friday in Donald Trump’s civil business fraud trial. He retorted, “They should pay me.” The exchange came as lawyers for both sides filed papers highlighting their takeaways …

PartnerRe Ltd. announced that effective April 1, 2024, Jacques Bonneau will retire from the company and Philippe Meyenhofer will succeed him as chief executive officer and take his place on the Board of Directors. As part of the transition, Jon …

The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make it more difficult for companies to treat workers as independent contractors rather than employees that typically cost a company more, …

Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run of wild weather on the nation’s east coast leaves a trail of destruction. Severe storms have lashed Victoria since October, …

A new Chubb report has found that 76% of wealthy Americans and Canadians believe exposure to extreme weather due to climate change is among the biggest threats to their homes. Sixty-three percent of respondents to the property and casualty insurance …

Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that amount, according to Munich Re. Last year’s insured losses of US$95 billion are close to the five-year average of US$105 …