INSURANCE NEWS

Bike Shop Owner Killed While Delivering Bikes for Ian Victims Remembered

A Michigan Army veteran who turned his life around with a bike shop died in a crash while delivering free bikes to children in Florida affected by Hurricane Ian, his family said. Steven Pringle, 57, was killed in Punta Gorda, …
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Kuczinski to Retire as CEO of Munich Re US P&C Companies

Munich Reinsurance America Inc. announced the retirement of Anthony J. Kuczinski as chief executive officer of Munich Re US P&C Companies and of Munich Re US Holding Inc., effective Dec. 31, 2022, with an agreed change in his role to …
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Hub Acquires Georgia-based Chatham Insurance Partners

Hub International, one of the largest and still-growing insurance brokerages in the country, announced it has acquired Georgia-based Chatham Insurance Partners. Headquartered in Savannah, the Chatham agency was founded in 2019 with the merger of four agencies. It focuses on …
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D&O Buyers See More Capacity, Competitive Conditions, but Risk Factors Loom: Allianz

Public and private D&O buyers are seeing more competitive conditions, fueled by a reduced number of U.S. securities class actions, a slowdown in M&A activity, as well as an influx of new market entrants. However, the risk landscape is ripe …
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GM Recalls 825,000 Trucks, SUVs Over Headlight Issue

General Motors said on Wednesday it was recalling 825,000 trucks and SUVs in North America because daytime running lights may not deactivate when the headlights are on, potentially causing excess glare. The largest U.S. automaker said the recall covers various …
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Fire on Vermont Dairy Farm Destroys Barn, Kills 40 Cows

GRAND ISLE, Vt. (AP) — Fire has destroyed a Grand Isle dairy barn and killed about 40 cows trapped inside, Vermont State Police said Tuesday. A neighbor spotted the flames coming from the north end of the barn Monday evening …
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GEICO, Location-Tech what3words Partner to Enhance Roadside Assistance

GEICO and location-technology provider what3words announced a new partnership to provide enhanced roadside assistance to customers across the U.S. With what3words, GEICO teams can pinpoint a customer’s precise locations with ease, dispatch assistance to that exact location, and provide help …
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Monsanto Balks as Vermont City Sues Over PCB Contamination of School

BURLINGTON, Vt. (AP) — The school board in Vermont’s largest city on Monday sued the manufacturer of chemicals that are forcing the city to tear down its high school and build a new one at an estimated cost of more …
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Alcohol Causes 1 in 20 Deaths in Massachusetts, Boston University Report Shows

Alcohol kills on average 2,760 people a year in Massachusetts and the health, safety and economic toll of liquor on Bay State residents outstrips revenues from state alcohol taxes. Those are among the findings from a new report from Boston …
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City of London Workers Pushing for Cross-Border Remote Working: Survey

Finance workers are pushing for simpler rules for cross-border remote working, the latest sign that the pandemic-fueled appetite for flexible work isn’t abating. The UK government, which launched a review into cross-border working rules earlier this year, should adopt common …
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Arthur J. Gallagher & Co. Acquires Aviation Insurance Australia

Arthur J. Gallagher & Co., the global insurance broker, announced the acquisition of Brisbane, Queensland-based Aviation Insurance Australia. Terms of the transaction were not disclosed. Founded in 1993, Aviation Insurance Australia is a specialist retail insurance broker serving aviation and …
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Rising Climate Costs to Challenge Companies, Countries in 2023

In a year marked by yet more climate-linked floods, hurricanes and droughts, governments and companies were forced to look more closely at the financial risks and their exposure to liability. Nowhere was this more apparent than at the U.N. climate …
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