INSURANCE NEWS

Trucordia Acquires Global Financial & Insurance Services

Trucordia today said it has acquired Global Financial & Insurance Services, a provider of tailored insurance and financial solutions for individual, families, and business in all 50 states. Terms of the deal were not disclosed. Felix Morgan, CEO of Trucordia, …
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Hedge Funds Get Jittery on Prospect of UK’s Noncompete Ban

The UK is reviving a plan to make it easier for employees to switch jobs, putting financial firms on edge, as some of the most controversial non-compete clauses in their hiring contracts come under scrutiny once again. The government published …
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Putin Warns of Possible Strikes on Ukrainian Allies’ Ships

Vladimir Putin warned that Russia may consider striking the ships of countries supporting Ukraine if a surge in attacks on Moscow’s tanker fleet doesn’t halt.”What the Ukrainian armed forces are doing now is piracy,” Putin told reporters in Moscow, in …
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Hong Kong Races to Remove Scaffolding Nets Blamed for Fueling Deadly Fire

Hong Kong authorities rushed on Thursday to remove mesh netting on all buildings undergoing renovation across the city after the material was blamed for fanning a blaze last week that has killed at least 159 people. The government late on …
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People Moves: Flagg Reappointed to Texas Mutual Insurance Company Board of Directors

Brett Flagg, of Frisco, Texas, has been reappointed to the Texas Mutual Insurance Company board of directors by Gov. Greg Abbott. His board term for Texas Mutual—a policyholder-owned company and the state’s leading provider of workers’ compensation insurance—is set to …
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The World’s Plastic Glut Is Set to Get Much Worse by 2040, Study Finds

Despite clear evidence that plastic is clogging oceans and beaches and breaking down into microplastics that enter our bodies, humans are continuing to produce the material at accelerating rates. The result: Global plastic pollution will hit 280 million metric tons …
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Deadly Floods’ $20 Billion Toll Shows Asia’s Rising Climate Risk

Devastating floods have killed more than 1,300 people and caused at least $20 billion in losses since late last month across parts of South and Southeast Asia, underscoring the increasing risks from climate change and extreme weather for the region’s …
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FEMA Puts Whistleblowers Back on Leave After Reinstatements

Days after reinstating a group of Federal Emergency Management Agency employees who raised concerns about the government’s disaster preparedness, federal officials have placed those whistleblowers back on administrative leave. The move comes hours after CNN first reported the return to …
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People Moves: Neumann Appointed Howden US Financial Lines Claims Leader

Howden, with U.S. headquarters in Miami, Florida, appointed Elizabeth Neumann as executive vice president, financial lines claims leader. Neumann will be based in New York. Neumann joins Howden from CAC Specialty, where she spent the last two years as CAC’s …
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Surveys Show Concerns About Florida Market, But Consumers Are Warming Up

New surveys of Florida homeowners show continued concerns about property insurance, premiums and hurricanes, but policyholders seem to be breathing a little easier in recent months. A poll by Florida Atlantic University found that 49% of respondents are concerned about …
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Trump Outlines Plan to Unwind Biden-Era Car Mileage Mandates

President Donald Trump unveiled his administration’s plan to relax stringent Biden-era fuel efficiency standards, casting the change as a way to lower consumer costs. “Today my administration is taking historic action to lower costs for American consumers, protect American auto …
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Kansas Saves Elders About $5M from Financial Exploitation with New Legislation

Kansas Insurance Commissioner Vicki Schmidt announced state efforts have prevented over $4.97 million from going to bad actors through the Protect Vulnerable Adults from Financial Exploitation Act. “Identification and prevention of financial exploitation in vulnerable populations is a priority for …
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