INSURANCE NEWS
Liberty University to Pay $14M Fine for Failure to Disclose Campus Crimes
Liberty University has agreed to pay an unprecedented $14 million fine for the Christian school’s failure to disclose information about crimes on its campus and for its treatment of sexual assault survivors, the U.S. Department of Education announced Tuesday. The …
Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims
Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim filing requirements for victims of last summer’s Spokane County wildfires. Insurance companies typically require policyholders to provide a full, itemized …
Chicago Children’s Hospital Restores Some Systems Following Cyberattack
CHICAGO (AP) — Doctors and nurses at a premier Chicago children’s hospital can again access patients’ electronic medical records, more than a month after a cyberattack forced Lurie Children’s Hospital to take its networks offline. The hospital provided the update …
Bulk Carrier Hit by Missile off Aden, With Fire Onboard: Ship’s Owner
The Barbados-flagged True Confidence bulk carrier was hit by a missile on Wednesday 50 nautical miles southwest of Yemen’s Aden, with a fire continuing onboard, the vessel’s owner and operator said. “The vessel is drifting,” Liberia registered owner True Confidence …
People Moves: Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance; WTW Taps Aon’s Bosc for Global Specialty Team
This edition of International People Moves details appointments at Sompo Japan and Willis Towers Watson (WTW). A summary of these new hires follows here. Sompo Japan Names Takahashi as Chief Risk Officer, Head of Reinsurance Sompo Holdings Inc. announced that …
Texas Panhandle Ranchers Look to Rebuild After Wildfires
CANADIAN — Farmers and ranchers in the Panhandle lost livestock, buildings and infrastructure in the wildfires still raging through the region. Now they’re looking to rebuild. More than 100 people packed a room at the Hemphill County Exhibition Center on …
Howden Acquires UK Sport and Entertainment Specialist Broker, Hencilla Canworth
Howden, the London-based insurance intermediary group, announced it has acquired Hencilla Canworth GI Ltd., a leading British independent specialist performing arts insurance broker. Founded in 1981, based in Croydon, UK, and trading since 2021 as Hencilla Canworth GI Ltd., Hencilla …
Florida Surplus Lines Saw ‘Monumental’ Growth in February, FSLSO Says
Surplus lines in Florida saw a huge increase in premium, policy count and new business for February compared to the same month last year, a spike in growth that the Florida Surplus Lines Service Office called “monumental” and “eye-popping.” The …
German Industry Sounds Alarm on Infrastructure Security After Tesla Attack
German industry called for better protection of critical infrastructure on Wednesday after a suspected arson attack by leftist activists on Tesla’s gigafactory outside Berlin halted production until further notice. Security officials cleared the Tesla site on Tuesday after what CEO …
From Idalia to Otis: The Hurricanes That Shaped 2023 and What’s Next
We recently brought together thought leaders from across Moody’s to talk with the media at our 2023 Hurricane Season Recap and 2024 Outlook briefing, to provide a range of perspectives from meteorology to market impact. We looked back at the …
SEC Scales Back New Pollution-Disclosure Rules for Companies
The Securities and Exchange Commission will force companies to disclose their greenhouse gas emissions for the first time, but watered down a key requirement after heavy lobbying from industry groups. After receiving thousands of comment letters and numerous litigation threats, …
Brown & Brown Acquires Texas’ Hillco Insurance
Brown & Brown announced that it has acquired the assets of Hillco Insurance. Hillco was established by Hunter Hill in the Dallas metropolitan area to serve the personal and commercial insurance needs of the expansive Dallas business community. The Hillco …