Insurance
Altering Adjusters’ Reports a No-No under Florida Insurer Accountability Bill
As trial lawyers and news reports around the state continue to criticize Florida lawmakers for the far-reaching tort-reform passed last month, the Senate Banking and Insurance Committee has approved a bill designed to bring more accountability for property insurers. By …
Read More Howden Receives License to Launch Operations in Bahrain
Howden, the London-based insurance broker, announced it has received a license from the Central Bank of Bahrain to establish operations in the Kingdom of Bahrain. Howden said this represents a significant step in the broker’s strategic growth ambitions for the …
Read More Munich Re Will Not Extend Nord Stream 1 Coverage When It Expires This Year
Munich Re will not proactively extend coverage for the Nord Stream 1 pipeline when it expires later this year, a spokesperson told Reuters on Thursday. The decision follows an announcement by Allianz on Wednesday that it does not intend to …
Read More 13 Years Later, Oil Drilling in Gulf Safer, But Concerns Persist, Study Shows
Thirteen years after the massive Deepwater Horizons spill fouled the Gulf of Mexico, regulators and industry have reduced some risks in deep water exploration in the gulf but some troublesome safety issues persist, a new study by the National Academy …
Read More Volkswagen Halts Sale of Some ID.4 EVs Because Doors Might Open While in Motion
Volkswagen AG has ordered dealers in the U.S. and Canada to stop selling its ID.4 electric SUV because its doors might open while in motion, and the German carmaker doesn’t yet have a fix for the problem. Nearly 18,000 vehicles …
Read More EU Vote on Human Rights ‘Due Diligence’ Looms for Financial Services Firms
Financial services companies would be required to take action if their clients were failing to protect human rights and the environment, a preliminary deal due to be voted on later this month by a panel of European Union lawmakers showed. …
Read More Paris to Ban Electric Scooters in September
Paris will ban electric scooters from September 1, the French capital’s mayor said, after the public voted to remove them from the streets, however e-scooter operators said on Monday [April 3] they hoped to stop the plan. The e-scooter ban …
Read More Amtrak Train Strikes Pickup Truck in North Dakota; 2 Teens Killed
SPRINGBROOK, N.D. (AP) – An Amtrak passenger train has struck a pickup truck in North Dakota, killing two teenage boys and injuring a third, authorities say. The North Dakota Highway Patrol said the crash happened around 8 p.m. Monday when …
Read More Hub Acquires Minnesota’s Horizon Agency
Hub International announced that it has acquired the assets of Horizon Agency, Inc. (Horizon Agency). Terms of the transaction were not disclosed. Located in Eden Prairie, Minnesota, Horizon Agency is an independently owned agency that provides commercial and personal insurance, …
Read More Germany’s Allianz Does Not Plan to Renew Policy for Nord Stream 1 Project
German insurance company Allianz said on Wednesday it does not intend to renew a policy for the Nord Stream 1 project when it expires in late 2023. Allianz said it was part of an insurance consortium that provided coverage for …
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