INSURANCE NEWS
Survey: Broad Support for Renewables, Gap in Climate Change Awareness
There is overwhelming public support across the globe for using renewable energy, according to a new survey out from the Yale Program on Climate Change Communication. The international survey was published on Wednesday. It was conducted in partnership with Data …
Court Orders New Trial in Insurance Exec Convicted of Bribing NC Commissioner
It may seem a minor point to some, but it’s fundamental to the American system of justice, advocates said: It’s up to a jury – not a judge – to decide what is considered an “official act” by a state …
People Moves: AXA XL Promotes Dores for Int’l Financial Lines; BMS Builds Out Casualty With Hires From Tysers; WTW Taps RenRe’s Modhvadia for Structured Risk
This edition of International People Moves details appointments at AXA XL, BMS and WTW. A summary of these new hires follows here. AXA XL Promotes Dores to CUO, Int’l Financial Lines – APAC & Europe AXA XL Insurance announced it …
Gunmakers Face New Legal Threat From Families of Mass Shooting Victims
Families of children and teachers killed in last month’s Texas school massacre face a formidable legal battle if they decide to sue the gun maker whose AR-15 semiautomatic rifle was used in the attack. That doesn’t mean they can’t win. …
More Insurers to Offer Better D&O Coverage to Businesses With Robust ESG Frameworks: Marsh
Marsh announced today several enhancements to directors and officers liability (D&O) insurance offerings that could enable more clients to benefit from superior environmental, social, and governance (ESG) frameworks. The move signals a greater willingness among D&O underwriters to recognize organizations …
People Moves: Sponic Succeeds Jacobsen at Donegal Personal Lines; Mullan Heads Human Resources for Risk Strategies; Edmonds Becomes Coaction’s Chief Actuary
Donegal Names Sponic to Lead Personal Lines David W. Sponic has been named senior vice president of personal lines by Donegal Insurance Group. Sponic succeeds Jeff Jacobsen, who the company said will transition into an advisory role leading up to …
Over 20 New E&S Entrants Reshaping Marketplace: RPS
Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess & surplus marketplace over the last couple of years – and they may be more aggressive than incumbent insurers. …
Texas-Based Injury Insurance Startup Spot Raises $33 Million
Spot, an Austin, Texas-based tech startup offering on-demand injury insurance, announced it has raised $33 million in funding, including $25 million in equity and $8 million in debt. The round was led by Ensemble VC, with participation from Sozo Ventures …
Report: California Workers’ Comp Insurer Losses Were up in 2021
Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with $12 billion in 2020, according to a report released today. The Workers’ Compensation Insurance Rating Bureau of California’s report released …
Hill Group Acquires Indiana’s Howe-LaGrange and Reick Agencies
The Hilb Group announced that it has acquired Indiana-based Howe-LaGrange Insurance Agency and Reick Insurance Agency, expanding the company’s growing presence throughout Indiana and the Midwest. Based in LaGrange, Indiana, Howe-LaGrange and Reick Agencies have served the area for nearly …
Getting the Measure of Inflation for the (Re)insurance Industry
This content was recently published in the Blogs section of RMS’ website. It is republished here with permission. Since the early days of the COVID-19 pandemic, inflationary trends have captured news headlines around the world. Starting with the pandemic, by …
FBI Opens Widening Investigation of Clergy Sex Abuse in New Orleans
The FBI has opened a widening investigation into sex abuse in the Roman Catholic Church in New Orleans going back decades, a rare federal foray into such cases looking specifically at whether priests took children across state lines to molest …