INSURANCE NEWS
After Decades of Delays, Coal Miners Hail Rule to Slow Black Lung Disease
A half-century ago, the nation`s top health experts urged the federal agency in charge of mine safety to adopt strict rules protecting miners from poisonous rock dust. The inaction since – fueled by denials and lobbying from coal and other …
Super Typhoon Doksuri Hits Philippines, Heads to China, Taiwan
Philippine authorities on Tuesday evacuated hundreds of people in coastal communities as super typhoon Doksuri intensified in strength, pummeling the north with strong winds and heavy rains before it heads toward Taiwan and China. The southeast Asian nation canceled flights …
People Moves: Arch Re Appoints Former PartnerRe CUO Schriber as President; WTW Taps Marsh’s Clarke as President, Risk & Broking, Garrard Named Unit’s Chairman
This edition of International People Moves details appointments at Arch Reinsurance Co. and Willis Towers Watson (WTW). A summary of these new hires follows here. Arch Re Co. Appoints Former PartnerRe CUO Schriber as President Arch Reinsurance Co. announced that …
A First Look at How U.S. Insurers Are Adopting Global Climate Reporting Guidelines
U.S. insurers are adopting numerous strategies to deal with risks from climate change, according to a review out today that gives the first look at how or if insurance companies are adopting the widely used Task Force for Financial Disclosure …
Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources
U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a more favored suitor than Zurich Insurance Group, two people with direct knowledge of the discussions said. Chubb has an edge …
Greece Wildfires Raise Questions for Tourists About Their Travel Insurance Cover
Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their travel insurance coverage. As the threat of fires remains high throughout Greece and heat continues …
Insurtech Accelerant Weighs IPO or Private Share Sale, CEO Says
Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider making its debut on the stock market, its CEO and co-founder told Reuters on Monday. The Cayman Islands-based group, which …
UK Court Dismisses Climate Case Against Shell in Blow for Activists
Environmental law charity ClientEarth’s unsuccessful attempt to sue Shell over its climate strategy shows the difficulties in bringing activist shareholder claims, lawyers said on Monday, after London’s High Court dismissed the case. ClientEarth, which holds 27 shares in Shell, alleges …
Apple Faces $1 Billion UK Lawsuit by Apps Developers Over App Store Fees
Apple on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500 apps developers in the UK over its App Store fees. Apple’s services business, which includes the App Store, has seen …
Law Firm Must Name Clients Affected by 2020 Cyberattack, Judge Says
Covington & Burling must identify some clients caught up in a 2020 hack on the law firm to the U.S. Securities and Exchange Commission, a federal judge in Washington ruled on Monday in a case that could impact future cyberattack …
Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack
Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court in Miami, did not …
PointeNorth Group Acquires Cooper Agency in Georgia
PointeNorth Insurance Group, one of the largest locally owned agencies in the Southeast, has acquired Cooper Insurance & Associates in McDonough, Georgia, the company announced. Cooper, founded in 1988, offers liability, physical damage, cargo, workers’ compensation and general liability insurance …