INSURANCE NEWS
Texas Fires Have Emitted a Near-Record Amount of Carbon
Texas fires released roughly 3.4 million metric ton of carbon dioxide in January and February, according to a new analysis. In January, Texas fires pumped out 440,400 tons of CO2 emissions, according to Copernicus Atmosphere Monitoring Service data shared with …
People Moves: Howden Tiger Taps Byler From Carpenter to Lead US Casualty; Markel Promotes Atkin to Head of Bloodstock for London Markets
This edition of International People Moves details appointments at Howden Tiger and Markel. A summary of these new hires follows here. Howden Tiger Taps Byler From Carpenter to Lead US Casualty Division Howden Tiger, the reinsurance and capital advisory arm …
NTSB Investigating Small Plane Crash in Oregon That Left ‘No Survivors’
A small plane crash in a remote area of central Oregon has killed everyone on board, local authorities said. The Jefferson County Sheriff’s Office said a 911 call around 7:40 p.m. Sunday reported the crash outside the city of Madras, …
NFIP Pays $364M on Idalia Claims. Florida Bill Requires Flood Disclosure to Buyers
The National Flood Insurance Program has paid out $364 million on flood claims from Hurricane Idalia, the storm that swamped part of Florida in August. That’s a fraction of the $3.2 billion NFIP paid after Hurricane Ian, a much larger …
UnitedHealth Unit Change Healthcare’s Pharmacy Network Back Online
UnitedHealth Group said Wednesday evening that its unit Change Healthcare’s pharmacy network was back online, weeks after a cyberattack had a knock-on effect across the country’s healthcare system that depends heavily on insurance. Change Healthcare processes about 50% of medical …
Twenty Armed People Board Cargo Ship off Coast of Somalia, Security Firm Says
Twenty armed people have boarded a cargo ship off the coast of Somalia and have taken control of it, a maritime security firm said on Tuesday. The vessel is the latest to be targeted following a resurgence of attacks by …
Investigation Underway into Cause of Home Explosion That Killed 2 in Pittsburgh Suburb
A massive explosion killed two people and destroyed a house in the Pittsburgh area near the Ohio River, authorities said Tuesday. Aerial images from the scene in Crescent Township in the northwest Pittsburgh suburbs showed smoking ruins with the structure …
5 Killed, Including 3 Children, in Illinois School Bus Accident
RUSHVILLE, Ill. (AP) — Five people, including three children, were killed in western Illinois when a school bus and semitruck collided on a highway Monday, authorities said. The bus was traveling eastbound when it crossed the center line on U.S. …
Missouri Captive Gross Written Premium Up 142%
The Missouri Captive Insurance industry increased its gross written premium by 142% in 2023, the Missouri Department of Commerce and Insurance (DCI) reported. The amount of written premiums in 2022 were $3,543,681,320 vs. $8,600,492,937 in 2023. This growth is attributed …
Texas Committee to Investigate Panhandle Wildfires
LUBBOCK — Texas House Speaker Dade Phelan is creating a legislative committee to investigate the Texas Panhandle wildfires to ensure the state is prepared for future disasters. His Tuesday announcement comes more than two weeks after the deadly infernos first …
Massachusetts Appeals Denial of Federal Disaster Aid for Fall Flooding
Massachusetts Gov. Maura Healey is appealing a decision of the Federal Emergency Management Agency to deny the state’s request for a major disaster declaration to support cities and towns battered by severe weather and flooding in September. Healey said the …
Eggland’s Best Is Sued Over Saturated Fat Claims for Its Eggs
Eggland’s Best, one of the largest U.S. egg producers, has been sued for falsely claiming that its eggs contain less saturated fat than other eggs. The proposed class action filed on Tuesday in federal court in Chicago by Richard Vilchis …