The Reinsurance Association of America has come out with a white paper on the California homeowners insurance market that urges policymakers consider the risks of inaction. The paper, “Dynamics and Challenges in California’s Homeowners Insurance Market,” provides background and recommendations …

The Louisiana Department of Insurance (LDI) announced it has partnered with the Alliant Insurance Foundation, the Spencer Educational Foundation and Southern University to create a new risk management and insurance degree program at Southern University. Working in conjunction with the …

A Stafford, Texas engine component manufacturer was cited for failing to correct safety hazards that caused an employee’s finger amputation in March 2022, the U.S. Department of Labor said. Inspectors with the department’s Occupational Safety and Health Administration returned to …

An eight-person jury in Omaha, Nebraska returned a verdict of $36,075,000 in favor of the U.S. Equal Employment Opportunity Commission (EEOC) on disability discrimination claims against Drivers Management, LLC and Werner Enterprises, Inc., the federal agency announced. The jury found …

Starr Insurance announced that Christopher Magee has joined Starr as vice president, international head of Financial Lines and Professional Liability, a new position focused on growing the business outside the U.S. and helping clients manage their risks around the world. …

McGriff announced that it has acquired Alternative Risk Resources (ARR), a Wisconsin-based commercial brokerage firm that specializes in captive insurance. The transaction expands McGriff’s presence in the captive insurance market with a firm that has been active in the industry …

Backstreet Boys singer Nick Carter has won a favorable ruling in one of two civil lawsuits filed against him in Nevada, one by a woman who alleges he raped her on his tour bus in Washington state in 2001 and …

California regulators last week approved a controversial proposal to greatly increase storage capacity at the site of the nation’s largest known methane leak, which sickened thousands of families and forced them from their Los Angeles homes in 2015. Despite opposition …

A group of scientists used machine learning to quantify empirical relationships between temperature and the risk of extreme daily wildfire growth in California to show the influence of temperature on the risk – and they found that climate change boosts …

Californians know wildfires and earthquakes; hurricanes, not so much. So when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed just how exposed homeowners are to a growing financial risk from unpredictable climate-driven flooding. Standard homeowners insurance …

Guy Carpenter, the reinsurance business of Marsh McLennan, announced the appointment of Julian Enoizi as CEO of Guy Carpenter Europe effective immediately. Enoizi will be based in Europe and report to Laurent Rousseau, CEO of Guy Carpenter Europe, Middle East …

The world is losing the race to meet its climate change goals, the president of the upcoming COP28 summit said on Tuesday, as African leaders called for changes to what they say is an unfair international climate finance system. The …