INSURANCE NEWS
People Moves: CIWA Names Four New Board Members
The California Insurance Wholesalers Association (CIWA), a professional trade association focused on California E&S insurance wholesalers, carriers and supporting entities, named four new members to its board of directors. New directors include: Mark Kaufman, regional executive vice president, XPT Specialty …
Liberty Mutual to Eliminate 250 Positions
Liberty Mutual has confirmed it is eliminating about 250 positions, or 0.5% of its global workforce, as it continues implementing new organizational structures within US Retail Markets and Global Risk Solutions units. In an email a spokesperson said some employees …
Europe’s Toughest ESG Rule Hits Wall of German Objections
The European Union’s most stringent ESG rule to date may be scuppered due to eleventh-hour German opposition to the plan. The EU was on track to move forward with the Corporate Sustainability Due Diligence Directive after December, when lawmakers and …
Tobacco Giants’ Patent Settlement Clears Path for Smokeless Products
Tobacco giants Philip Morris International Inc. and British American Tobacco Plc settled a series of patent suits that clears a path for both firms to bring their cigarette alternative products to US and European markets. The accord ends legal challenges …
Norway’s Most Powerful Storm in Over 30 Years Rips Roofs Off Houses, Cuts Power
Norway’s most powerful storm in more than three decades ripped off roofs, heightened avalanche risks, canceled flights and cut power as it raged in parts of the Scandinavian country Thursday. Hurricane-force winds brought gusts of up to 180 kilometers (112 …
Crash Tests Indicate Nation’s Guardrail System Can’t Handle Heavy Electric Vehicles
Electric vehicles that typically weigh more than gasoline-powered cars can easily crash through steel highway guardrails that are not designed to withstand the extra force, raising concerns about the nation’s roadside safety system, according to crash test data released Wednesday …
Small Plane Crashes into Mobile Home Park Near Tampa, Killing 3
A small plane crashed into a Clearwater, Florida, mobile home park Thursday night, killing the pilot and two people on the ground, the Federal Aviation Administration and local news outlets reported. The pilot of the single-engine Beechcraft reported engine failure …
Arkansas Insurance Hall of Fame Opens Nominations for Class of 2024
The Arkansas Insurance Hall of Fame (AIHF) has opened nominations for its Class of 2024 inductees. Nominations opened February 1 and will remain open through April 15, 2024. Nominations may be submitted online at www.arinsurancehof.org. The chosen inductees will be …
French Farmers Head Home but Anger Spreads Elsewhere in Europe
Protesting farmers demanding just prices and less red tape blocked the border between Belgium and the Netherlands on Friday, whilst their peers in France started lifting blockades countrywide after the government made further concessions. Farmers’ protests have erupted in numerous …
Online News Site in Florida Shuts Down After Less Than a Year
WEST PALM BEACH, Fla. (AP) — The Messenger, an ambitious online news site that billed itself as a nonpartisan digital outlet and spent some $50 million ratcheting up its business effort, abruptly shut down Wednesday after only eight months in …
WV Construction Firm to Buy Bankrupt College Campus
CLARKSBURG, W.Va. (AP) — A federal bankruptcy judge on Wednesday approved the sale of a defunct private university’s campus to the owner of a West Virginia construction firm for $5 million. Craig G. Phillips, owner of CGP Construction of Elkins, …
Maine Approved for Federal Disaster Aid for December Storm Damage
President Joe Biden has issued a federal disaster declaration for extensive damage caused by a massive wind and rainstorm in Maine in December, the first of three storms to pummel the state, Democratic Gov. Janet Mills announced Wednesday. The president’s …