INSURANCE NEWS
Record Rainfall Causes Widespread Flooding Across St. Louis Region
Record rainfall caused widespread flash flooding across the St. Louis area early Tuesday, closing multiple roadways and prompting rescues from vehicles and homes. There were no immediate reports of injuries, but damage was widespread after a massive downpour dropped more …
Crist Slams DeSantis for Florida Insurance Crisis; Fried Blames Crist
U.S. Rep. Charlie Crist, the Democratic frontrunner for governor of Florida, this week sharply criticized incumbent Gov. Ron DeSantis for failing to solve the state’s property insurance crisis. “Ron DeSantis has been the worst governor in Florida history on property …
Alaska City Continues Long Recovery from Late 2020 Landslides
More than a year and half after the Haines landslides, organizations, both local and out-of-state, are still helping to repair damage from the dozens of landslides that occurred around the borough. That recovery work has evolved over time, said members …
Trial Begins for Truck Driver Charged in New Hampshire Crash That Killed 7 Motorcyclists
The trial for a commercial truck driver charged with causing the deaths in 2019 of seven members of a Marine motorcycle club will open Tuesday, more than three years after the crash in northern New Hampshire. Jurors visited the crash …
People Moves: American Family’s McElwee Takes Over at Plymouth Rock as Long-Time Leader Belodoff Retires
The Plymouth Rock Co., parent company of auto and home insurance providers in the Northeast, announced that Andrew McElwee is its new president and chief operating officer, having taken over responsibility for the firm’s day-to-day operations from Hal Belodoff, following …
People Moves: Mann New Verisk CFO; Furlong SVP at Acrisure Re; NFP Hires Michaelson to Energy Practice
Verisk Names Elizabeth Mann Chief Financial Officer Elizabeth Mann has been named executive vice president and chief financial officer for Verisk, effective September 15, 2022. As CFO, Mann will lead Verisk’s global finance organization which includes accounting and controllership, financial …
‘Cryptojacking’ Attacks on Financial Firms Surged in First Half
Hackers are increasingly targeting financial firms such as banks and trading houses with attacks designed to use their computer systems to mine cryptocurrencies, according to cybersecurity firm SonicWall. The number of so-called cryptojacking attacks on financial companies more than tripled …
Lloyd’s Insurers Preparing to Cover Ukraine Grain
Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to announce their plans shortly, the commercial insurance market’s chairman said on Wednesday. Russia and Ukraine signed a deal on Friday, …
Third Person Dies After Suspicious House Fire in Nashville
A third person has died from injuries after a suspicious house fire in Nashville, Tennessee, police said. Michael Young, 44, was pronounced dead at at Vanderbilt University Medical Center, Nashville police said Sunday in a statement. Two others died Saturday …
Pennsylvania’s Auto Insurance ‘Regular Use’ Exclusion Faces State High Court Scrutiny
The Pennsylvania Supreme Court has agreed to consider a case that could limit application of the “regular use exclusion” in auto insurance policies. The state’s high court has agreed to review a Superior Court ruling that the regular use exclusion …
People Moves: Acrisure Re Hires Carpenter’s Furlong; HDI Global Specialty Promotes Button for Distribution & Biz Devel.; Tokio Marine Names Former QBE Exec for Board
This edition of International People Moves details appointments at broker Acrisure Re and two insurers: HDI Global Specialty and Tokio Marine Europe. A summary of these new hires follows here. Acrisure Re Hires Carpenter’s Furlong Acrisure Re, the re/insurance division …
UK Insurers, Banks Risk Fines Under New Reforms Unless They Put Customers First
Financial firms may be fined and stripped of their regulatory authorization unless they put their customers’ needs first under far-reaching reforms from the UK City regulator. Banks, insurers and other companies will have to ensure their services are actually good …