INSURANCE NEWS

People Moves: Allianz Commercial Names Stewart Head of Liability, N.A.; Alliant Hires Martin to Lead Alternative Risk Transfer

Allianz Commercial Appoints Stewart as North American Head of Liability Global insurer Allianz Commercial, with U.S. headquarters in New York City, appointed Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will …
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Climate Change Led to At Least 16,500 Heat Deaths in Europe This Summer

Climate change fueled scorching summer temperatures that killed an estimated 16,500 people in European cities this summer, pushing overall heat deaths to more than three times what might otherwise have occurred, according to a new study. The analysis presents an …
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Bamboo Insurance and Accredited Partner to Expand Homeowners Coverage in California

Bamboo Insurance entered into a partnership with Accredited the companies say will provide availability and coverage options to homeowners across California. Bamboo’s E&S Signature product combines Bamboo’s tech-enabled underwriting platform with Accredited’s financial strength and specialty program expertise to deliver …
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Storage Facility Employee Dies in Golf Cart Rollover

Police and rescue personnel in Marlborough, New Hampshire were dispatched earlier this month to the local Extra Space storage facility for a reported golf cart rollover and entrapment. The crews found the single occupant of the golf cart still pinned …
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New York Executives Blast State Over Regulatory ‘Black Hole’

At a recent roundtable with New York executives, Heather Briccetti Mulligan remembers the frustration of a businessman who compared trying to file a permit for a $200 million construction project with ordering a pizza. The pizza could be tracked by …
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Update: SEC Hands Victory to IPO Issuers Who Want to Avoid Class-Action Lawsuits

The U.S. securities regulator on Wednesday said it would allow companies seeking to go public to require that investors resolve claims of fraud or other false statements through arbitration rather than court litigation, handing a victory to companies and weakening …
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Jefferson Parish’s Improved Flood Rating to Bring Cost Savings for Residents

Residents of Jefferson Parish, Louisiana could soon see a reduction in flood insurance premiums, after the parish improved its class rating for the National Flood Insurance Program (NFIP). Jefferson Parish’s Community Rating System (CRS) will improve from a Class 5 …
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Texas Drops Suit Against Doctor Accused of Illegal Care for Transgender Youth

One of the nation’s first doctors accused of illegally providing care to transgender youth under GOP-led bans was found to have not violated the law, Texas Attorney General Ken Paxton’s office says, nearly a year after the state sued the …
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Michigan Auto Parts Manufacturer Sued for Discrimination

An auto parts manufacturer with a facility in Plymouth, Michigan, violated federal law when it refused to allow an older, female worker with a disability to re-enter its apprenticeship program, the U.S. Equal Employment Opportunity Commission (EEOC) charged in a …
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Illinois Man Admits to Starting Fire at a Gas Station

A Belleville, Illinois man appeared in federal court to admit to an arson charge for setting a fire in a Lebanon gas station bathroom. Carlos A. Rodriguez, 33, pleaded guilty to one count of arson of real property used in …
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SEC Poised to Review IPO Bar on Mandatory Shareholder Arbitration

Wall Street’s top regulator will on Wednesday consider a policy change that could allow companies going public to force shareholders to resolve disputes in private arbitration rather than through court litigation, in a major shift that could weaken investor rights. …
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People Moves: Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance for France; DUAL Europe Announces Key Cyber Appointments

This edition of International People Moves details appointments at Arch Insurance and DUAL Europe. A summary of these new hires follows here. Arch Insurance Taps AXA XL’s Martins as Head of Executive Assurance, France Arch Insurance announced the appointment of …
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