Insurance

Canopius Group, the global specialty re/insurer, announced the opening of a new trading office in Melbourne, Australia. The operation will be led by David Mutton, who joins Canopius as casualty underwriter, APAC with immediate effect. Canopius will initially underwrite casualty …

Howden, the international insurance broker, announced an agreement to acquire Franz Gossler Insurance Group, one of the leading insurance brokers focusing on film and entertainment insurance in Germany and beyond. The transaction has been executed by Howden Germany’s specialty broker …

Insurers are about to pay state-owned Bangladesh Shipping Corp. (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday. The expected settlement is one of the first shipping …

Drivers in the United States struck and killed 3,434 people in the first half of 2022 – up 5%, or 168 more deaths, from the same period the year before, according to a new analysis from the Governors Highway Safety …

Late last year, State Farm’s chief executive broke the news that the auto giant would record the largest underwriting loss in its 100-year history for 2022. On Monday, the news became official with a huge number attached: $13 billion. “We …

Plaintiffs’ attorneys took it on the chin when Florida lawmakers in December approved Senate Bill 2A, which ended the practice of one-way attorney fees in property insurance litigation. Now, though, a number of insurance carriers and defense firms insist that …

No injuries were reported in a collision between an Amtrak train carrying 66 passengers and a tractor-trailer in Vermont on Monday, state police said. The train, which was traveling from St. Albans to Washington, D.C., hit the trailer section of …

Federal workplace safety inspectors have again cited a Derry, New Hampshire contractor for not protecting their employees against potentially lethal falls, this time at worksites in Merrimack and Salem. The Occupational Safety and Health Administration reprted that its inspectors found …

A cyberattack on a Boston-based labor union’s health fund resulted in the loss of $6.4 million, but it does not appear that the personal information of members was stolen or compromised, union officials said. Federal and local law enforcement agencies …

Tesla may receive over $300 million in tax abatements over the next two decades for a massive new expansion of its northern Nevada facility, the product of a 2014 deal for when the company first came to the area on …