INSURANCE NEWS

People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia

This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business Solutions Verisk, the global data analytics provider, announced that Tim Rayner …
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Agents: Fourth of July Brings Risks & Claims

It has been a few years. Policyholders may have forgotten about that last barbeque mishap in their backyard. Maybe the memory has gotten hazy about that one time their college roommate drove home when they should not have. Perhaps their …
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New Alabama, Georgia Laws Taking Effect Today Indirectly Affect Insurance

Several Alabama and Georgia laws that could indirectly affect property, liability and workers’ compensation insurance take effect today, July 1. Alabama House Bill 108 requires the state Elevator Safety Review Board to review, within 12 months of their publication, new …
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Regulator Bars Texas Plant Restart Over Safety Concerns

The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart operations until it addresses risks to public safety, a pipeline regulator said on Thursday. The June 8 blast …
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Explainer: Will U.S. Supreme Court EPA Ruling Rein in Federal Regulators?

The U.S. Supreme Court on Thursday curtailed the Environmental Protection Agency’s ability to restrict greenhouse gas emissions from power plants in a 6-3 ruling that some legal experts said would more broadly curb the federal government’s regulatory power. Below is …
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Vertafore Acquires MGA Systems

Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York. Vertafore said the acquisition gives its customers access to policy administration and rating programs that will …
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New NHTSA Chief: Agency to Scrutinize Auto-Driver Technology

The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an …
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Tropical Storm Bonnie Forms Near Nicaragua in Caribbean

Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 …
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Ohio Vehicle Parts Manufacturer Faces $315,000 in Fines

An Ohio aluminum vehicle parts manufacturer cited for safety and health violations after a worker in Ravenna suffered fatal injuries in March 2021, continues to put workers at risk. The U.S. Department of Labor’s Occupational Safety and Health Administration found …
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Regulators: Amtrak Train Was Below Speed Limit Before Fatal Crash

An Amtrak passenger train was going about 87 mph (140 kph) when it collided with a dump truck at a rural Missouri railway crossing, killing four people, an official with the National Transportation Safety Board said Wednesday. The speed limit …
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State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance

State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western sanctions. “I can say that of today, nearly all Russian insurance market …
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North Carolina Assembly Sends Rental Home Elevator Safety Bill to Governor

Safety improvement requirements to prevent injury or death from elevators inside North Carolina vacation cottages and short-term rentals received final legislative approval on Wednesday. The House voted unanimously to accept a version of legislation passed in the Senate last week …
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