INSURANCE NEWS
Magnitude-7.0 Earthquake Hit Remote Area Along Alaska-Canada Border
A powerful, magnitude-7.0 earthquake struck in a remote area near the border between Alaska and the Canadian territory of Yukon on Saturday. There was no tsunami warning, and officials said there were no immediate reports of damage or injury. The …
Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market
Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,” will begin underwriting …
Trump to Issue Order Creating National AI Rule
President Donald Trump said on Monday he would sign an executive order this week that he said would create a single national rule for artificial intelligence, which the industry has said is necessary to override disparate laws passed by U.S. …
People Moves: Westfield Appoints Scholz as Enterprise CIO; Mosaic Hires Warty to Lead FinPro Lines for Americas Expansion
Westfield Appoints Scholz as Enterprise CIO Westfield, a U.S.-based property and casualty insurance company headquartered in Westfield Center, Ohio, appointed Lloyd Scholz as enterprise chief information officer (CIO). Reporting directly to CEO and Board Chair Ed Largent, Scholz’s responsibilities include …
Missouri Contractor Charged in Alleged Bathroom Remodeling Scam
Missouri Attorney General Catherine Hanaway announced that her office has filed felony charges against James G. Bennett, operating as Bath Planet, for allegedly defrauding consumers by accepting payments for bathroom remodeling services he never completed. Bennett faces 10 counts of …
People Moves: BMB Names Martinez to Surety Team
Bowen, Miclette & Britt Insurance Agency, LLC has continued the expansion of its Surety team with the addition of John Anthony Martinez, who brings nearly 20 years of experience in contract and commercial surety, bonding strategy, and risk advisory services. …
People Moves: Aon Names Norman as Senior Broker in Global ReSpecialty Property Team; AHJ Miller Taps Carpenter’s Ehrencrona as Head of Nordic Fac
This edition of International People Moves details appointments at the brokers Aon plc and AHJ Miller. A summary of these new hires follows here. Aon Names Norman as Senior Broker in its Global ReSpecialty Property Team Insurance broker Aon plc …
Afore Acquires Virginia’s Resolve Insurance Group
Afore Insurance Services said it has acquired Resolve Insurance Group, an independent insurance agency headquartered in Virginia Beach, Virginia that is known for its marine insurance specialty. Resolve will become part of Afore’s Mid-Atlantic region, operating under the leadership of …
Waymo Issues Recall After Illegal Passing of School Buses in Texas
Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said the Alphabet GOOGL.Ounit’s vehicles had illegally passed school buses at least 19 times in recorded incidents since the start of the school year. The …
Federal Funding Shortage Delays Progress on ‘Ike Dike’ Project in Texas Gulf Coast
The district charged with overseeing the construction of a massive set of gates across the mouth of Galveston Bay — known as the “Ike Dike” — announced last week that it has approved contracts with two global engineering firms to …
San Diego Considers $30M Settlement in Shooting Death of Black Teen
The San Diego city attorney’s office has agreed to pay $30 million to the family of a 16-year-old youth who was fatally shot by police last January in what would be one of the largest settlements of a police-involved killing …
Atmospheric River to Flood Pacific Northwest Through Week
A massive Pacific storm called an atmospheric river will sweep off the ocean into the Pacific Northwest starting Monday, bringing heavy rain and a week of floods, swollen rivers and even heavy snow across the region, including Seattle and Portland. …