INSURANCE NEWS

People Moves: AXIS Appoints Tan Head of Wholesale Casualty; Fiato Named Allstate Chief Claims Officer; Schoberth to Lead Canopius US Distribution

AXIS Capital Holdings Limited named Anna Tan as head of wholesale casualty. Tan joins AXIS from Navigators, a brand of The Hartford, where she served for over 12 years, most recently as head of excess casualty. Before this, she spent …
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Auto Insurance Costs Soar by 20% in the US

There’s no relief in sight for US car owners who’ve faced soaring costs of maintaining a vehicle in the past two years. Prices of motor-vehicle insurance rose 20.3% in December from a year earlier, the biggest jump since 1976, according …
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Worker Tells of Fleeing Burning Jeep on Cargo Ship Where 2 Firefighters Died

Gaven Puchinsky had been pushing vehicles onto a huge cargo ship in one of the nation’s busiest seaports when he heard a loud “clunking” noise that he believed came from the yellow Jeep Wrangler he was using to nudge the …
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Gas Leak Suspected in Texas Hotel Explosion That Injured Over 20 People

Fire investigators said they have still not determined what caused an explosion at a historic Texas hotel that plunged two stories of debris into the basement, blew out windows and doors onto the streets of downtown Fort Worth and left …
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First MainStreet Adds Seven Iowa Agencies

First MainStreet Insurance L.C.announced the addition of seven new Iowa agencies to its platform to close out 2023. In late November 2023, Pfantz Insurance Services and the insurance operations of Eckhardt Enterprises, both located in State Center, joined the FMSI …
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Markets/Coverages: Ryan Specialty Expands Renewable Energy Offering on Global Basis

Ryan Specialty, the Chicago-based international specialty insurance firm, announced the expansion of its renewable energy insurance offering on a global basis with PERse International, a managing general underwriter based in London. PERse International specializes in both onshore and offshore renewable …
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Texas Regulators Suspend Well Permits to Address Rising Earthquake Frequency

The state’s oil and gas regulatory agency last month suspended nearly two dozen permits that let companies inject saltwater water into the ground, a routine industry practice that regulators said has contributed to the rising frequency and magnitude of earthquakes …
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Blizzard Knocked out Power and Closed Highways and Ski Resorts in Oregon and Washington

A blizzard pounded mountainous areas of Oregon and Washington on Tuesday, knocking out power and prompting the closure of highways and ski resorts. The Washington Department of Transportation closed two mountain passes: U.S. Route 2, which goes through Stevens Pass, …
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Title Insurer Fidelity National Says 1.3 Million Customers Affected by Cyberattack

Title insurer Fidelity National Financial (FNF) said about 1.3 million customers have been impacted by a cyberattack it suffered last November. According to a filing with the U.S. Securities and Exchange Commission, FNF became aware of a cybersecurity incident on …
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People Moves: BHSI Taps Holding From Aviva to Lead UK Marine; Ardonagh Specialty Names Goldenberg as Global Commercial Dir.; Lockton Re Adds Yeo, Terry to Cyber Team

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Ardonagh Specialty, and Lockton Re. A summary of these new hires and promotions follows here. BHSI Taps Holding From Aviva to Lead UK Marine Berkshire Hathaway …
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Rokstone Launches Kentucky-based TPA for U.S. Agricultural Claims

Rokstone, a specialty insurance and reinsurance managing general agency, has launched a new third-party administrator service based in Kentucky. Part of the Aventum Group, Rokstone said its new Verus TPA will manage Rokstone’s agricultural claims in the United States. Two …
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Carolina City Remorseful in $25M Settlement with Wrongfully Convicted Man

CONCORD, N.C. (AP) — A man wrongfully convicted and imprisoned for 44 years has reached a $25 million combined settlement with a central North Carolina city and the state of North Carolina involving a lawsuit accusing authorities of misconduct, the …
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