INSURANCE NEWS
St. Louis Contractor Faces $276K in Fines Over Deadly Fall Hazards
Federal workplace safety inspectors found a Missouri roofing contractor again risking the safety of its employees by failing to protect them against the construction industry’s deadliest hazard — falls from heights— at five residential worksites in Wentzville in October and …
Oklahoma Judge Orders Chiefs Superfan to Pay $10.8M to Bank Teller
OKLAHOMA CITY (AP) — An Oklahoma judge ordered a Kansas City Chiefs superfan known as “ChiefsAholic” who admitted to a series of bank robberies to pay $10.8 million to a teller who was assaulted with a gun, though attorneys say …
Alera Group Acquires Texas-Based HealthSure
Alera Group, a national insurance and financial services firm, announced today the acquisition of Texas-based HealthSure. Founded in 1998 by Barry Couch, HealthSure serves rural healthcare organizations as an independent agency specializing in risk consulting and insurance solutions. In alignment …
Florida’s Slide Insurance Secures $210 Million Catastrophe Bond
Tampa-based Slide Insurance announced it has finalized pricing for its $210 million Purple Re Ltd. (Series 2024-1) catastrophe bond. The largest cat bond sponsored by Slide to date, Purple Re Ltd. provides 40% more in fully collateralized reinsurance than the …
EPA Sets US’s First Drinking Water Standards to Limit Toxic PFAS
About 100 million people will be exposed to fewer cancer-causing “forever chemicals” under the country’s first-ever drinking water standards for PFAS finalized Wednesday by the EPA, White House officials said. The Environmental Protection Agency finalized an enforceable 4 parts per …
Carnival Puts Miami Headquarters Up for Sale as Florida Real Estate Soars
Carnival Corp. has listed for sale its sprawling headquarters on the outskirts of Miami, seeking to cash in on real estate the cruise giant has owned for roughly three decades. The company is now looking to downsize to about 300,000 …
People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Team
Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Guy Carpenter, the reinsurance business of Marsh McLennan, announced the appointment of Richard Chu as managing director, Credit, Bond & Political Risk, Global Specialties. Effective immediately, …
People Moves: Miller Promoted to Lloyd’s Americas CEO as Watkins Exits
Lloyd’s said Dawn Miller has been named chief commercial officer and CEO of Lloyd’s Americas. Miller, who joined Lloyd’s in 2022 and oversees its global network as commercial director, will assume her expanded role on Sept. 1, based in New …
Vintage Ferrari Owners’ Favorite Mechanic Charged With Theft, Fraud
Few mechanics post photos of themselves on Venetian canals, brag about buying $30,000 artworks or frequent the George V Hotel in Paris and Chateau Marmont in Los Angeles. But this was the life Donnie Callaway portrayed via social media to …
US Wildfires Are Getting Bigger and More Complex, Prompting Changes in Firefighting
It’s shaping up to be a long wildfire season, with Texas already seeing its largest blaze in recorded history and firefighters becoming overwhelmed with recent blazes in Virginia. Just in the first three months of the year, more than 2,669 …
Insurers Norfolk & Dedham of Massachusetts and Union Mutual of Vermont to Affiliate
Massachusetts-based Norfolk & Dedham (N&D) and Union Mutual in Vermont, property/casualty insurers with a combined 350 years in the business in the Northeast, announced they intend to affiliate, subject to regulatory approval. The combined group will write personal and commercial …
Global Election Super-Cycle Raises Risk of Political Violence, Large Insurance Losses
Almost half the world’s population will go to the polls before the end of 2024, which raises the threat of political violence and possible large insurance losses, according to Allianz Commercial in a new report. An unprecedented “super-cycle” of elections …