INSURANCE NEWS
Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage
AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the scope and depth of coverage …
Howden Tiger to Rebrand as Howden Re
Howden Tiger, the global reinsurance arm of Howden, will rename as Howden Re, effective April 8, 2024. This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name. Today, with its reinsurance business …
Tech Update: Vertafore Delivers Policy Binding in its Personal Lines Rater; Amwins’ Online Marketplace Provides Bindable Quotes From Multiple Carriers
Vertafore Delivers Policy Binding in Personal Lines Rater Vertafore, headquartered in Denver, launched the industry’s first bind capability within a personal lines rater. Vertafore’s personal lines rating and quoting platform, PL Rating, enables independent agencies to quickly find and bind …
LSU Settles Case Involving Sexual Assault Allegations Against Football Players
BATON ROUGE, La. (AP) — LSU and 10 former students who sued the school over alleged mishandling of sexual assault and domestic violence complaints against football players and others at Louisiana’s flagship state university have settled the case. “The Court …
Majority of CO2 Emissions Linked to Just 57 Producers: Report
The vast majority of planet-warming carbon dioxide emissions since 2016 can be traced to a group of just 57 fossil fuels and cement producers, researchers said on Thursday. From 2016 to 2022, the 57 entities including nation-states, state-owned firms and …
Sanofi to Settle 4,000 Zantac Cancer Lawsuits in US State Courts
Sanofi has reached an agreement in principle to settle 4,000 U.S. lawsuits linking the discontinued heartburn drug Zantac to cancer, the company said on Wednesday. Sanofi did not disclose the financial terms of the deal. The agreement, which still needs …
Utility Company Skips Texas Panhandle Wildfire Hearings
AMPA — A company hired to inspect utility poles in the Panhandle declined to testify before Texas lawmakers Wednesday, as part of the state’s inquiry into the Smokehouse Creek fire — the largest wildfire in state history that burned more …
SEC Bribery Unit Probes Technology Companies’ Use of Contractors
The US Securities and Exchange Commission is asking publicly traded tech companies about their relationships with distributors and other business partners outside the US in a push to root out possible corruption, according to people familiar with the matter. The …
Nationwide Survey Finds Distracted Driving Still an Issue
A survey of passenger car and commercial drivers finds that distracted driving is still a significant safety issue, according to a recent survey by insurance carrier, Nationwide. The new latest driving behaviors survey revealed additional risky behaviors impacting all drivers …
A New Approach: Florida Agents Association Makes Big Investment in Startup Insurer
The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring more capacity to …
Could Modern Protections Have Saved Baltimore Bridge? Debate Is Underway.
When a 900-foot container ship struck the San Francisco–Oakland Bay Bridge in 2007, the span stood firm and no one died, either on the ship or the highway above. The bridge’s supports were protected by a fendering system of concrete …
People Moves: Post Joins Alliant as SVP; Crest Adds to Tucson and Scottsdale Teams
Post Joins Alliant Insurance Services as Senior Vice President Alex Post has joined Alliant Insurance Services as senior vice president, Alliant Specialty. Based in Seattle, Post has worked exclusively with global power, utility and renewable clients. He most recently served …