INSURANCE NEWS
Trucordia Acquires Paradiso Insurance of Connecticut
Trucordia reported it has acquired Paradiso Financial and Insurance Services in Stafford Springs, Connecticut. Paradiso offers auto, home, life, business and specialty lines insurance. Joining Trucordia will give Paradiso’s team and clients access to more carrier relationships, shared resources, and …
LA Fire Suspect Angry About No Date for New Year’s, Prosecutors Say
Prosecutors said the man they charged with starting the deadly 2025 Palisades Fire in Los Angeles was upset about a failed relationship and not having New Year’s Eve plans just before he set a small blaze which rekindled six days …
New Hampshire Ups DUI Test Refusal Penalty
New Hampshire Governor Kelly Ayotte recently signed into law an increase in the penalty for drivers who refused a breath alcohol test when stopped on suspicion of driving under the influence (DUI). Senate Bill 620 increases the administrative license suspension …
People Moves: Howden Re Expands Cyber Reinsurance Team With 5 New Hires; Zurich Promotes McBride to Newly Created Role as Head of International Construction
This edition of International People Moves details appointments at Howden Re and Zurich Insurance Group. A summary of these new hires follows here. Howden Re Expands Cyber Reinsurance Team With 5 New Hires Howden Re, the global reinsurance, capital markets …
Markets/Coverages: Marsh Risk’s D&O Facility Offers Unlimited ‘Any One Claim’ Cover
Marsh Risk, a business of insurance broker and risk advisor Marsh, announced that its Marsh Alpha directors and officers (D&O) insurance facility now offers unlimited claims on a single, unrelated basis as standard. Marsh Alpha, which provides protection for individual …
Arch Insurance EU Launches Europe Property Operations, While Opening Milan Office
Arch Insurance EU announced the launch of its European property operations, alongside the opening of a new office in Milan writing accident & health, cargo & logistics, fine art & specie, general liability and property, effective immediately. This development marks …
Iran War Is ‘Supercharging’ Clean Energy Transition, UN Climate Chief Says
The Iran war is “supercharging” the world’s shift to renewable energy, as countries scramble to reduce their exposure to volatile oil and gas markets, the U.N. climate secretary said on Thursday. The U.S.-Israeli war with Iran has upended oil and …
Only Iran-Linked Traffic Moves Through Hormuz Amid Blockades
A few Iran-linked vessels are making their way through the Strait of Hormuz, as the crucial waterway remains effectively closed to most international shipping amid blockades by both Tehran and the US. Just a single Iran-linked fuel tanker was observed …
Texas Camp Won’t Reopen This Summer Following Flood Deaths
Camp Mystic on Thursday said it has withdrawn its application for an operating license, a decision that means it will not reopen to campers this summer. The decision follows a grueling hearing earlier this week when Texas lawmakers pushed the …
Michigan Gravel Company Agrees to Settlement Over PFAS Contamination
Michigan Attorney General Dana Nessel has secured an agreement with Northeast Gravel Company and Boulder Creek Development Corporation to address PFAS contamination at their Belmont property. The Administrative Order on Consent (PDF) requires the companies to investigate the extent of …
Missouri Hailstorm Damages Hundreds of Vehicles
Glass shards flew everywhere as Eric Gockel waited out one of the worst hailstorms to hit Missouri. One of the softball-size hunks of ice that hit the Springfield area on Tuesday measured 4.75 inches (12 centimeters). The hail killed an …
Texas Hill Country on Alert for Flooding as Heavy Rains Approach
A band of severe storms bearing down on central Texas has raised concerns about flooding, with heavy rains expected near the site of last year’s deadly Fourth of July floods. Communities in the Texas Hill Country could see up to …