INSURANCE NEWS

Ukraine, UK Agree on Discounts for War Risk Insurance for Black Sea Exports: Officials

Ukraine and Britain have agreed on a special mechanism for discounts on war risk insurance on exports through the Black Sea corridor, which has helped transport almost 4 million metric tons of goods since August, Ukrainian officials said on Tuesday. …
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NOAA: U.S. Withstands Record 25 Disasters in 2023

Another billion-dollar disaster was confirmed in October, bringing the total to a record 25 such disasters in the first 10 months — the largest number of disasters for any year since NOAA began tracking the events. These disasters included 19 …
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People Moves: Balch Now President of Berkley Technology Underwriters; Lieberman to Lead Lockton’s US Financial Services Claims

W.R. Berkley Corporation Names Balch President of Berkley Technology Underwriters W.R. Berkley Corporation, headquartered in Greenwich, Conn., appointed Christopher H. Balch as president of Berkley Technology Underwriters, a Berkley company. He succeeds Matthew A. Mueller, who has been named chairman …
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US Contractors, Insurers Seem to be Ignoring Some Safety Improvements in Construction

Many American construction firms are failing to implement obvious and inexpensive safety measures that could save lives, reduce injuries and avoid costly insurance claims. And many insurers are failing to nudge their insured contractors to be proactive and preventive. “It’s …
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Are Expensive Judicial Races the New Normal in Pennsylvania After High Court Campaign?

The race for an open seat on Pennsylvania`s highest court initially resembled the sleepy contests that had played out for decades: low turnout, little media coverage and just enough spending to afford some biographical TV ads on cable. Then attack …
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Worker Dies at Montana Platinum and Palladium Mine, Triggering Temporary Mining Halt

A contract worker has died in a machinery accident at an underground precious metals mine in south-central Montana and work has temporarily stopped while the death is investigated, mine officials said. The worker was preparing an area for future mining …
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Man Charged With Arson for New York Race Track Fire That Killed Dozens of Horses

Authorities are investigating the deaths of more than two dozen racehorses in a barn fire at an upstate New York track that they believe was deliberately set. The horses were killed early Thursday after the barn where they were housed …
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Ohio Court Revives Dog Bite Injury Claim Against Insurer Due to Ambiguous Policy Exclusion

An Ohio appellate court revived a dog bite injury claim against an insurer after finding that the terms of an exclusion in the homeowners’ insurance policy, intended to bar coverage for dogs with a history of violence, may not have …
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1.2 Million Chickens Will be Slaughter At Iowa Egg Farm Where Bird Flu Was Found

An additional 1.2 million chickens will be slaughtered to prevent the spread of the bird flu after the virus was confirmed on an Iowa egg farm in the second massive case this week. The Iowa Department of Agriculture and Land …
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Hotchkiss Insurance Acquires Texas’ InCore Group

Hotchkiss Insurance has acquired InCore Group, an independent insurance consulting agency serving Texas, Oklahoma, and New Mexico. This move expands Hotchkiss’ footprint for commercial insurance and employee benefits into West Texas and surrounding states. Lubbock, Texas-based InCore Group is known …
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5.3 Magnitude Earthquake Strikes Remote Area of West Texas, Felt Hundreds of Miles Away

MENTONE, Texas (AP) – An earthquake struck a sparsely populated and remote area of West Texas last Wednesday, the U.S. Geological Survey reported, and the temblor could be felt hundreds of miles away. The USGS reports the 5.3 magnitude quake …
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Small Plane Overshoots Runway in Texas, Collides with Car During Emergency Landing

MCKINNEY, Texas (AP) – A small plane overshot the runway while landing at a Texas airport over the weekend and struck a car driving along a nearby road, injuring one person, authorities said. Video shows the propeller plane smash through …
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