INSURANCE NEWS
Small Earthquake Confirmed in Arizona Town
A 3.8 magnitude earthquake shook a northern Arizona town Sunday afternoon but there was no immediate word on any injuries or damage, the United States Geological Survey confirmed. The USGS said the small quake struck near Chino Valley, just north …
Woman Forced Child to Start Fire to Collect Insurance, Georgia Commissioner Says
Georgia authorities said a 34-year-old woman has been charged with arson and child cruelty after she forced her stepchild to light fire to her home in order to collect insurance payments. Courtney Sellers, of Screven, in southeast Georgia, was arrested …
Alabama Firefighter Dies, Another Wounded After Attack at Fire House
An Alabama firefighter who was shot inside his fire station will be laid to rest today, providing a small measure of closure after what authorities have called a targeted attack that left another fireman critically wounded. News outlets reported that …
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 …