INSURANCE NEWS
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry
Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that influences both the insurance sector and the maritime industry globally. From this perspective, one thing is abundantly clear: A “new …
Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries
Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to insurance for climate vulnerable countries, with an initial focus on Fiji and Pacific island countries. Climate change is happening faster …
Next Florida House Speaker Wants More Property Insurance Legislation, Deliberations
The next speaker of the Florida House of Representatives, set to take charge in 2025, said he hopes to see more legislation that could further address spiraling property insurance costs. “Do I believe we are done with property insurance? No. …
Florida OIR Wants Enhanced Hurricane Ian Data by Sept. 27. Claims Have Topped 740,000
The Florida Office of Insurance Regulation is reminding carriers that additional information about Hurricane Ian claims is due no later than Sept. 27. By law, the office is required to collect data after hurricanes. Simple data was required in the …
Kentucky Schools Adding More Electric Buses Thanks to EPA Grants
Blue Bird Corp., one of the largest and oldest makers of school buses, has fully embraced electric vehicles and will soon provide 13 electric buses to a Kentucky school district. Bowling Green Independent School District said the purchase of the …
Social Security Demands Billions From Workers’ Comp Recipients, Others for Overpayments
The Social Security Administration is trying to claw back billions of dollars in disability overpayments, many of them made to people who received workers’ compensation payouts for injuries, an analysis has found. KFF Health News, part of the Kaiser Family …
Takeaways from Our Conversation on Michigan Cannabis Sales
Michigan cannabis sales are a great story. Sales there reached another record in July, hitting $277 million for the month, and look to head well over $3 billion for the year. What’s going on there? The state is still fairly …
Ohio Trucking Company Faces Lawsuit for Harassing and Terminating Gay Mechanics, EEOC Alleges
An Ohio trucking company violated federal law by subjecting two gay mechanics to harassment and termination because of their sexual orientation and retaliated against them for opposing or complaining about the harassment, the U.S. Equal Employment Opportunity Commission (EEOC) charged …
People Moves: Alliant Hires Montgomery as VP, Employee Benefits Group
Alliant Insurance Services Hires Montgomery as VP, Employee Benefits Group Brian Montgomery has joined Alliant Insurance Services as vice president within its employee benefits group in Houston, Texas. Montgomery joins Alliant, based in Irvine, Calif., with over a decade of …
Texas Universities Grapple with Implementation of Controversial DEI Ban
The Texas A&M University System issued staff guidance earlier this month on how to comply with the state’s ban on diversity, equity and inclusion initiatives, providing a first glimpse into how Texas universities are navigating the thorny implementation of the …
Markets/Coverages: Specialty MGA Nirvana Launches European W&I Binder
Nirvana, the London-based media, tech and cyber managing general agent (MGA), has launched its new European SME Warranty and Indemnity (W&I) binder. The team has a total available line size of €20 million ($21.4 million), in partnership with a handful …
US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing
U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. Credit Suisse “has received requests for documents and information” …