INSURANCE NEWS
People Moves: Sompo Promotes Cañellas to Iberia Country Mgr.; Oneglobal Reshuffles Leadership Team; Watkins to Lead Excess Casualty, Bermuda Healthcare at Vantage
This edition of International People Moves details appointments at Sompo International, Oneglobal Broking and Vantage Group Holdings. A summary of these new hires follows here. Sompo Int’l Promotes Cañellas to Iberia Country Manager, Insurance Sompo International, a leading provider of …
Missouri’s Luebbering Joins VIAA
Luebbering Insurance Agency recently joined Valley Insurance Agency Alliance (VIAA), a cohesive family of more than 160 independent insurance agencies in Missouri and Illinois. Founded in 1991, Luebbering Insurance Agency was created by owner Dennis Luebbering. The full-service nine-person agency …
Ohio Train Derailment Illuminates Waste Disposal Predicament
When word surfaced that soils and liquids laced with chemicals from the East Palestine, Ohio, train derailment were being sent to southeastern Michigan for storage, local residents and politicians were livid. “People were seeing pictures of what happened in Ohio …
Wildfire Burns Nearly 700 Acres in Southeast Nebraska
UNION, Neb. (AP) – Overnight rain helped firefighters get control of two wildfires Monday in southeast Nebraska near the Missouri River. Nebraska officials said after Gov. Jim Pillen surveyed the damage that the fire near Beaver Lake was about 90% …
Cyber Watchdog Has ‘No Confidence’ in Emergency Cell Network Security
America’s cybersecurity watchdog has no confidence that the cellular network used by American first responders and the military is secure against digital intrusions, U.S. Senator Ron Wyden said in a letter released Wednesday. The letter from the Oregon Democrat, a …
Florida Windshield Bill Moves Closer to Law; Amendment Allows Managed Repair Plans
Bills that would ban assignment of benefits for windshield repairs moved a step closer to becoming law this week after they passed their third and final committee stops. A late amendment to the bills would bar insurance companies and agents …
HP Must Face Shareholder Lawsuit Over Sales, Appeals Court Rules
A U.S. appeals court on Tuesday revived a lawsuit alleging HP Inc. defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016. The 9th U.S. Circuit Court of Appeals reversed a judge’s …
Third Point’s Loeb Looks to Take Re/insurer SiriusPoint Private
Activist investor Daniel Loeb is looking to take insurance firm SiriusPoint Ltd. private, the founder of hedge fund Third Point said in a regulatory filing, sending the shares of the company up 13% in early trading on Wednesday. The billionaire …
AccuWeather: Storms May Have Delayed California’s Wildfire Season
The massive rainfall and snow California received this winter will likely delay the upcoming wildfire season for the state – though all that moisture is unlikely to curtail it much if at all, a wildfire report out today shows. The …
Re/insurance MGA Aspect Labs Opens for Business, Backed by Everest Re and AmTrust
Aspect Labs Ltd., the London-based re/insurance managing general agent, has officially opened its doors for business – targeting small-to-mid-market risks that are not big enough for Lloyd’s of London. Initially focusing on the direct and facultative property arena in the …
Dog-Related Injuries Cost Insurers More Than $1 Billion in 2022
Insurers paid out more than $1 billion in dog-related injury claims in 2022, a 28% increase over 2021 even though the number of claims decreased last year, according to the Insurance Information Institute (Triple-I) and State Farm. There were 17,597 …
U.S. Proposes 56% Vehicle Emissions Cut by 2032, Requiring Big EV Jump
The U.S. Environmental Protection Agency (EPA) on Wednesday proposed sweeping emissions cuts for new cars and trucks through 2032, a move it says could mean two out of every three new vehicles automakers sell will be electric within a decade. …