INSURANCE NEWS
Call to Phase Out ‘Forever Chemicals’ Gains Investor Momentum
Investors managing $8 trillion in assets have written to the world’s biggest chemicals companies urging them to phase out the use of so-called forever chemicals that can accumulate in the environment and remain hazardous for generations. Known as PFAS, which …
The Future of Insurance: PLUS Conference Recap
Technology is on everyone’s mind. Whether it’s using big data, AI or tackling the world of cybersecurity, technology tops the list of business concerns today. For the insurance industry, technology and how data is used to improve underwriting have been …
Viewpoint: It’s A Wonderful Life’s Lessons Ring True in BlockFi Bankruptcy
We are heading into the holiday season. It’s a Wonderful Life will be on television. And cryptocurrency bankruptcies will be in the news. Yesterday, BlockFi filed for bankruptcy. What does a seventy year old Frank Capra movie – about a …
Sanitizer Spat Entangles Members of American Dream Mall’s Ghermezian Family
The Ghermezian family is best known for owning some of the world’s biggest shopping complexes, including New Jersey’s American Dream and a stake in Minnesota’s Mall of America. But some family members are involved in a legal dispute over a …
Lava on Hawaii’s Big Island Could Block Main Highway, Interrupt Businesses
Many people on the Big Island of Hawaii are bracing for major upheaval if lava from Mauna Loa volcano slides across a key highway and blocks the quickest route connecting two sides of the island. The molten rock could make …
California Trucking Firm Owner Sentenced in Deadly Blast
A Southern California trucking company owner who ordered the illegal repair of a tanker that led to a deadly explosion was sentenced last week to 10 years in federal prison. Carl Bradley Johansson, 64, of Newport Beach also was sentenced …
10 Students in Califoria Appear to Have Overdosed On Cannabis Edibles
Ten Los Angeles students appear to have overdosed on cannabis edibles last week at their middle school in the San Fernando Valley, officials said. The students, between 12 and 15 years old, were in mild to moderate distress at Van …
Demotech Likely Won’t Rate Any New Florida Insurers, Petrelli Says
The head of the Demotech insurance rating firm said the company likely won’t take on new clients in Florida, due to the turbulent insurance market and an outcry from state officials last summer. The Business Observer in Sarasota, Florida, reported …
Attack on North Carolina Electrical Stations Leaves 40,000 Without Power
A shooting attack on two North Carolina electrical substations has knocked out power to some 40,000 homes and businesses and prompted local officials to declare a curfew Sunday night. Local and national news outlets reported that utility crews found that …
Web Designer Opposed to Gay Marriage at Center of U.S. Supreme Court Clash
The wedding websites that Colorado-based web designer Lorie Smith would like to create for clients might offer ceremony details, pictures, a story about the couple and a biblical quote celebrating how through marriage they “become one flesh.” They would not, …
Data on Natural Disaster Risks Crucial for Australia’s Climate Resilience
Public data on natural disaster risks for homeowners and businesses will be crucial for making Australia’s economy more resilient to climate change, according to the head of sustainable finance at National Australia Bank Ltd. There’s a growing collective effort by …
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for global property and downstream energy risks. With exclusive Lloyd’s and London-market sourced capacity, Pixel …