Insurance
Hong Kong Scraps Market Trading as Storm Nalgae Draws Near
Hong Kong closed its $4 trillion stock market early as severe tropical storm Nalgae moved closer on a day when the city hosted a top-level summit for global bankers. Hong Kong Exchanges & Clearing Ltd. scrapped afternoon trading of stocks …
Read More Ardonagh Advisory Acquires UK Consultant, Stallard Kane Group
Ardonagh Advisory Holdings Ltd., a subsidiary of The Ardonagh Group, announced it has acquired Stallard Kane Group Ltd. (SKG), a leading provider of health and safety, HR, training, and employment law compliance consultancy services to businesses across the UK. SKG …
Read More Illinois Trucking Company to Pay $259K Over Clean Water Act Violations
The U.S. Environmental Protection Agency announced a settlement with Petroff Trucking Company, Inc., for an alleged violation of the Clean Water Act. The company has agreed to purchase and secure 15.5 wetland acres to compensate for wetlands it destroyed in …
Read More Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources
Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a U.N.-backed safe corridor after Russia suspended its participation, industry sources said on Tuesday. An export deal, agreed by Russia and Ukraine and brokered by …
Read More Group of Financial Services Firms Calls for G20 Governments to Detail Their Climate Plans
A coalition of financial firms led by former Bank of England Governor Mark Carney has called on G20 governments to raise their climate ambitions and set out more detailed plans to decarbonize their economies. The Glasgow Financial Alliance for Net …
Read More People Moves: New Commercial Business Head at Hartford; Kapnick Adds Chief Growth Officer; AmTrust Hires Underwriting SVP
The Hartford Names Ant Head of Middle & Large Commercial Business Units The Hartford has named Tracey Ant head of middle and large commercial business units effective Jan. 1. In this newly created role, Ant will oversee all middle and …
Read More AIG Reports Q3 Results With $450M in Losses From Ian
Third quarter net income attributable to American International Group (AIG) shareholders increased about $1 billion compared with the same time period a year ago, even with catastrophe and investment losses. Q3 net income was about $2.7 billion compared with $1.7 …
Read More NFIP: 43,000 Flood Claims and $273 Million Paid So Far After Hurricane Ian
The Federal Emergency Management Agency is reminding flood insurance policyholders hit by Hurricane Ian that they have an extra three months to renew their expiring policies. The agency said last week that Florida property owners with National Flood Insurance Program …
Read More As Special Session Nears, Florida Chamber Urges More Property Insurance Reforms
Florida is in the midst of a swirling storm with a property insurance market that has been described as in free fall. In late August, we marked the 30th anniversary of Category 5 Hurricane Andrew making landfall in South Florida. …
Read More Uber Can’t Force Massachusetts Crash Victim to Arbitration Over $63M Claim
Uber cannot compel a passenger seriously injured in a crash involving an Uber driver to go to arbitration over his $63 million damages claim without a trial. Citing a 2021 state high court ruling that also went against Uber, a …
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