INSURANCE NEWS
Climate Change Means Californians Need Flood Insurance Now, Too
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 Names Enoizi CEO of Europe
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 …
World Losing Race to Meet Climate Goals, COP28 President Says
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 …
People Moves: DUAL Appoints McGinn From Allianz as UK CEO; Howden Germany Taps Aon’s Breeck to Lead New Large Corporate Clients Unit
This edition of International People Moves details appointments at the Howden MGA DUAL and at the broker Howden Germany. A summary of these new hires follows here. DUAL Appoints McGinn From Allianz as UK CEO DUAL, the specialist underwriting arm …
Pennsylvania’s McConkey Insurance Acquires Gallen Agency of Berks County
McConkey Insurance & Benefits, a locally owned independent insurance agency based in York, Pennsylvania, announced its recent acquisition of Gallen Insurance Agency, located in Berks County. According to Michael Harter, president and CEO of McConkey, the acquisition of expands McConkey’s …
Ford to Replace Rear Cameras in New Recall
Ford Motor said on Friday it will recall 169,000 U.S. vehicles to replace rearview cameras and update software and is taking a $270 million charge to address the callback. It was the latest in a series of recalls for rear …
FTC Wins Ruling in Deceptive Advertising Case Against Intuit
The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit INTU.O after the commission said the company misled consumers with deceptive advertisements pitching “free” tax filing products that millions of consumers were unable to use, the …
Boy Struck and Killed by Car in Florida After Dog Chased Him into the Street
JACKSONVILLE, Fla. (AP) — A 12-year-old boy was struck and killed by a car Friday morning in Florida after a dog chased him into the street, authorities said. The boy and his younger brother had been walking on a sidewalk …
Students Criticize NC University’s Response to Active Shooter Emergency
CHAPEL HILL, N.C. (AP) — As sirens blared across the University of North Carolina at Chapel Hill and cell phones lit up with alerts of an active shooter, Micah Baldonado cried quietly at his desk while his teacher proceeded with …
Vermonters Race to Find Housing As Flood Recovery Continues and Winter Approaches
Seven weeks after catastrophic flooding in Vermont destroyed their mobile home, Sara Morris and her family don`t yet know what they will do for housing long-term. She and her husband, their three kids and his mother have been staying with …
Horseshoe Beach Hopes to Rebuild After Idalia, But Most Had No Flood Insurance
HORSESHOE BEACH, Fla. (AP) — This remote seaside enclave known as “Florida`s Last Frontier” took much of the pounding from Hurricane Idalia when it struck the state`s west coast as a Category 3 storm last week. The damage left behind …
Arthur J. Gallagher & Co. Buys UK-Based Lifesure Group Ltd.
Arthur J. Gallagher & Co. announced the acquisition of UK-based Lifesure Group Ltd. Terms of the transaction were not disclosed. Lifesure provides personal lines insurance broking services in the vacation/holiday and leisure industry, with products including park home, motorhome, caravan …