Insurance
Australia on High Alert for Foot-and-Mouth Disease in Its Cattle Herds
Australia is on high alert for foot-and-mouth disease in its cattle herds after traces of the virus were found on imported animal products. The disease is already ripping through Indonesia, and is creeping ever closer to paddocks Down Under, where …
Read More FEMA Report: Flood Insurance Hikes Will Drive 1 Million From Market
When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation’s flood insurance program will prompt more people to sign up for coverage, even though many will pay more for it. But in …
Read More Lawsuit: Chicago Police Misused Gunshot Detection Technology in Murder Case
A federal lawsuit filed last Thursday alleges Chicago police misused “unreliable” gunshot detection technology and failed to pursue other leads in investigating a grandfather from the city’s South Side who was charged with killing a neighbor. Chicago prosecutors used audio …
Read More Four Years After Hurricane Michael, Florida City Rebuilding, Recovering
MEXICO BEACH, Fla. — Standing on the deck of the new Driftwood Inn, 31/2 years after Hurricane Michael obliterated the old one, Tom Wood spoke of the months after the storm. One of his daughters had urged him and his …
Read More HSB (UK and Ireland) Creates Commercial Division to Streamline Service
HSB (UK and Ireland) announced the formation of a new Commercial Division, creating closer alignment between its business development, underwriting and claims teams. The division, headed by Terry Dyson, who has been appointed Commercial Director, will focus on delivering a …
Read More Connecticut Law Focuses on Teens Charged With Repeat Motor Vehicle Thefts
Connecticut has updated its criminal justice laws to speed up law enforcement’s responses when young people are charged with repeated motor vehicle theft and other crimes. Gov. Ned Lamont has signed the bipartisan law (Public Act 22-115) that supporters hope …
Read More People Moves: AXA XL Names Ensurance’s Burgess as U/W, Construction, UK & Lloyd’s; Aon strengthens M&A and Transaction Team With 3 Hires
This edition of International People Moves details appointments at AXA XL and Aon. A summary of these new hires follows here. AXA XL Names Ensurance’s Burgess as Sr. U/W, Construction, UK & Lloyd’s AXA XL Insurance announced it has appointed …
Read More BMS Re Acquires Mexican Surety Reinsurance Broker Calomex
BMS Group, the independent specialist re/insurance broker, announce the acquisition of Calomex, the Mexico City-based specialist reinsurance broker, by BMS Re. The terms of the transaction were not disclosed. Established in 1996, Calomex delivers reinsurance solutions to Mexican surety providers, …
Read More Fidelis to Launch New MGU That Writes More Than $3 Billion of GWP
Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from the existing balance sheet insurance companies, called Fidelis Balance Sheet Companies. This new structure will allow each …
Read More Ukraine Works to Resume Grain Exports as Russia Confirms Missile Strike on Odesa
Ukraine forged ahead on Monday with efforts to restart grain exports from its Black Sea ports under a deal aimed at easing global food shortages but said a weekend missile strike by Russian forces on Odesa underlined the risks to …
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