INSURANCE NEWS
Declines in Maternal Death Rates Stall Amid Increases in U.S., EU
Declines in pregnancy- and childbirth-related deaths that took place over a decade and a half have stalled since 2015, as rates increased in some of the world’s wealthiest regions. Maternal mortality increased by 17% in Europe and North America from …
Chile Finalizes Major Earthquake Insurance With World Bank
Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal policy and public debt, the Finance Ministry said on Thursday. “The insurance would allow Chile to receive pre-established compensation payments, …
Liberty Mutual Tackling U.S. Personal Lines Challenges
The story of U.S. personal lines challenges impacting the results of multiline insurers was repeated for Liberty Mutual, which reported underwriting losses and waning policy growth in the segment in 2022. President and Chief Executive Officer Tim Sweeney reported overall …
Earlier Warning Might Have Spared Ohio a Derailment, NTSB Says
A U.S. train derailment that spilled toxic chemicals in an Ohio town might have been avoided if the railway company’s alarm system had given engineers an earlier warning that bearings were overheating, the chair of the National Transportation Safety Board …
New Zealand Needs to Rebuild With Resilience to Extreme Weather: PM
After last week’s damaging cyclone, New Zealand needs to rebuild with more resilient infrastructure to cope with more frequent and intense weather events, the prime minister said Tuesday. Prime Minister Chris Hipkins has described Cyclone Gabrielle, which caused widespread damage …
Florida’s Notice-of-Intent Trips Up Medicare Recovery Firm in Suits Versus Insurers
A law firm that has made a multibillion-dollar business out of suing auto and liability insurers for Medicare reimbursement payments may have met its match in Florida’s notice-of-intent-to-sue requirements. A panel of the U.S. 11th Circuit Court of Appeals this …
Pennsylvania Nears Vote on Opening Window to Child-Abuse Lawsuits
Pennsylvania House Democrats put their freshly minted majority status to work this week in shutting down Republican efforts to make changes to legislation designed to let victims of childhood sexual abuse file otherwise outdated lawsuits. After the winners of three …
Right-to-Repair Referendum Qualifies for Ballot in Maine
A referendum campaign aimed at ensuring independent shops have the information needed to repair newer cars has qualified for the November ballot. The secretary of state announced Tuesday that 74,686 signatures were validated for “Automotive Right to Repair” proposal. That’s …
ALKEME Acquires ACW Group in Hawaii
ALKEME acquired the ACW Group in Honolulu, Hawaii. ACW Group is headquartered out of Oahu, with California offices in San Francisco and La Quinta. It was established in 2009 by Russell Akamine, Kirk Christman and Jeffrey Wall, and has 20 …
SterlingRisk Acquires Worldwide Insurance in Florida
New York-based SterlingRisk, a privately held insurance broker, has acquired Worldwide Insurance Group, headquartered in Coral Gables, Florida. Worldwide’s founder and president, Anthony Ruidiaz, will become managing director of SterlingRisk of Florida. He essentially traded his interest in Worldwide and …
People Moves: Liberty Mutual Names Orloff President, GRS, Middle Market; Risk Strategies Appoints a COO
Liberty Mutual Names Orloff President, Global Risk Solutions North America, Middle Market Liberty Mutual Insurance has appointed Marc Orloff as president of Global Risk Solutions (GRS) North America, middle market. Liberty is headquartered in Boston, Massachusetts. Orloff most recently served …
Univ. of Texas System Pauses New DEI Policies
The University of Texas System’s board of regents said Wednesday it has put a pause on all new policies that promote diversity, equity and inclusion at its 13 university and health campuses and asked all school leaders to provide a …