INSURANCE NEWS
Fatal Boat Capsizing Claims Three Lives in Wisconsin’s Geneva Lake
Three people died and seven others were rescued Friday after a boat capsized in Geneva Lake as a strong storm passed through southern Wisconsin, an official said. Many injuries were reported in Wisconsin’s Walworth County after the storm toppled trees, …
People Moves: Shepherd Insurance Names Hill as CIO
Shepherd Insurance announced the appointment of Collin Hill as the company’s first-ever chief information officer (CIO), a new leadership role created to support Shepherd’s continued growth and commitment to operational excellence. Hill brings more than two decades of technology and …
Allstate’s SquareTrade Europe Launches Licensed Insurer Headquartered in Brussels
SquareTrade Europe, an Allstate company, has launched a new licensed insurer, SquareTrade Europe Insurance, headquartered in Brussels. SquareTrade said the move will strengthen its ability to design, launch and scale protection solutions more quickly across Europe, marking a significant step …
Texas Doesn’t Require Training for All Emergency Coordinators
In legislative hearings after last year’s July 4 floods, the state’s emergency management chief made some recommendations to state lawmakers. They included empowering the agency to vet volunteers who show up after disasters and establishing clearer guidelines for local officials …
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in Ukraine. Nord Stream …
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
Insurance broker Hub International Holdings Inc. is seeking to raise about $3 billion in its initial public offering, according to people familiar with the matter. The Hellman & Friedman-backed company is targeting going public as soon as this year, some …
Viewpoint: Methuselah Mutuals
Precious few U.S. corporations have been in business for two centuries. Among them are King Arthur Flour (1790), CIGNA (1792), Jim Beam (1795) and Brooks Brothers (1818), although the storied suit-maker entered bankruptcy proceedings in 2020 due to a plunge …
Europe Faces Weeks of Extreme Heat as Fire and Power Risks Build
Western Europe is bracing for the summer’s third major heat wave, fueling dangerous wildfire conditions and straining power systems across the region. A high-pressure weather system is set to bring heat wave conditions this week to France, southern England and …
Japan-Linked Ships Escaping Hormuz in Convoy Through Iran Route
At least eight ships controlled by Japan’s Mitsui OSK Lines Ltd. are heading out of the Strait of Hormuz using a route close to Iran, including some of the last trapped oil tankers to exit the waterway. The vessels include …
People Moves: AIG Nabs Aon’s Williams for New Client, Broker Relationships Role
American International Group (AIG) said it has hire Christine Williams to be head of global client and broker relationships. Williams will begin this new role at AIG on Sept. 1 and report to Jon Hancock, CEO of AIG’s General Insurance …
New York City Investigating Legionnaires’ Disease Outbreak on Upper East Side
The New York City Health Department is investigating a cluster of 18 cases of Legionnaires’ disease in the Upper East Side neighborhoods of Carnegie Hill and Yorkville. The city reports there have been no deaths associated with this cluster. Legionnaires’ …
Tiger’s Hospital Records to be Handed Over to Prosecutors in DUI Case
Prosecutors are allowed to review medical records related to Tiger Woods ‘ March vehicle crash and subsequent arrest in Florida on suspicion of driving under the influence, a judge has ruled. Judge Darren Steele approved an agreement last week between …