INSURANCE NEWS
Diverging Cyber Cat Model Results Challenge Underwriters’ Risk Analysis: Guy Carpenter
Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as they formulate their views of risk, according to …
Industry Trades Rail Against Federal Climate Disclosure Bill
Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level …
Companies Caught in Diversity Crossfire Are Frozen by Uncertainty
The US Supreme Court’s ruling against affirmative action has sparked a fierce debate over the future of diversity in corporate America, with dueling sides claiming either that workplace programs are unaffected by the decision, or that they’re suddenly open to …
After UPC Insolvency, Parent Company Rebrands to American Coastal Insurance
Six months after its namesake insurance carrier was deemed insolvent, United Insurance Holdings is rebranding itself in the name of its surviving insurer, as American Coastal Insurance Corp. The St. Petersburg, Florida-based holding company for now-defunct United Property & Casualty …
Tenco Adjusting Acquires James C. Greene Firm in Carolinas
Nashville-based Tenco Services Inc., a multi-line claims adjusting firm in six Southeastern states, plans to acquire the James C. Greene adjusting company in Raleigh, North Carolina, Tenco announced. Greene has offices in North and South Carolina and also works in …
Three Killed When Small Plane Hits Hangar at California Airport
A pilot and two passengers were killed Sunday when a single-engine plane crashed into a hangar and burst into flames at a Southern California airport, authorities said. The Beechcraft P35 with three people on board crashed during departure around 6: …
Ex-Oregon Prison Nurse Sexually Assaulted Nine Women
A federal jury found a former nurse at Oregon’s women’s prison guilty of sexually abusing nine women while they were in custody. The jury reached its verdict in the case against 38-year-old Tony Klein last week after nearly two days …
Wildfire Risk Climbs for Spain as Heat Wave Moves to Iberia
The focus of Europe’s heat is switching to Spain, with a high risk of wildfires in southern parts of the Iberian peninsula. Southern Spain is expected to exceed 40C (104F) on Monday, with regions around Cordoba under alert for hot …
People Moves: Lockton Taps Swiss Re’s Wright to Lead UK Commercial Wholesale, Succeeding Lee; MS Amlin Names Ross From Sedgwick as Product Recall Senior U/W
This edition of International People Moves details appointments at Lockton and MS Amlin. A summary of these new hires follows here. Lockton Taps Swiss Re’s Wright to Lead UK Commercial Wholesale, Succeeding Lee Insurance broker Lockton announced the appointment of …
TWIA Board to Meet in Galveston to Discuss Annual Rate Filing for 2024 Policies
The Texas Windstorm Insurance Association (TWIA) Board of Directors will meet in Galveston on Tuesday, August 8 at 9:00 a.m. CT, where the Board is expected to consider the Association’s statutorily required annual rate filing for 2024 policies. The Board …
Helicopter Crashes Near I-70 in Ohio, Killing Pilot and Causing Series of Accidents
SPRINGFIELD, Ohio (AP) – A helicopter hit power lines and crashed near an interstate in Ohio over the weekend, killing the pilot and causing a series of crashes, authorities said. The Bell 206L-4 aircraft was flying near I-70 in Springfield …
Wisconsin Woman Dies After Police Car Accidentally Runs Over Her, Authorities Say
GREENFIELD, Wis. (AP) – A woman died after a patrol car accidentally ran over her while she lay in a roadway, suburban Milwaukee police said Friday. Officers were called Thursday for a welfare check on the 42-year-old Milwaukee woman, the …