INSURANCE NEWS
Swiss Re Tackles Longevity Drug Impact With Life Policy Advice
Swiss Re AG issued guidance for underwriters on how to assess life insurance applications of people who show signs of using medications for longevity purposes. Metformin, traditionally used to manage type 2 diabetes, and rapamycin, an immunosuppressant developed for organ …
Typhoon Podul Set to Strengthen Before Hitting Southern Taiwan
Typhoon Podul is expected to intensify as the system tracks toward southern Taiwan, bringing heavy rain and damaging wind gusts before making landfall on Wednesday. The typhoon was 730 kilometers (454 miles) southeast of Taitung City, packing top sustained winds …
5-Year Cost of Litigation Funding to Commercial Insurers Could Top $25B
“Are you being serious?” Christopher Swift, chair and chief executive officer of The Hartford, was taken aback by a question from an analyst during the company’s second-quarter earnings call about the impact of litigation finance on the insurer’s results. “It’s …
Liberty Mutual in First FCPA Settlement Since Enforcement Restarted
Liberty Mutual will give up $4.7 million in profit to settle a U.S. criminal bribery probe into an Indian subsidiary, in the Department of Justice’s first public enforcement action of a federal anti-bribery law it resumed enforcing in June. In …
Florida Woman Posed as Nurse and Treated Thousands of Patients, Officials Say
PALM COAST, Fla. (AP) — A Florida woman is accused of posing as a licensed nurse and giving medical care to thousands of patients, authorities said. Autumn Marie Bardisa, 29, of Palm Coast, participated in medical services involving 4,486 people …
South Carolina DOI Pitches Rate Cut on Some Credit Property Insurance
The South Carolina Department of Insurance has proposed new rates for credit property insurance, holding the rate steady for household goods but reducing rates for other categories for 2026. Because rate decreases in recent years do not appear to have …
Legacy Risk Solutions Merges With Alabama-Based PointeNorth Insurance
Florida-based Legacy Risk Solutions, a network of independent insurance agencies, has merged with PointeNorth Insurance Group, bringing more options for agents in commercial and personal lines. The combined firm will operate as Legacy Risk Solutions, headquartered in Gainesville, Florida, the …
AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business
Are two AIGs better than one? In outlining the work at American International Group (AIG) to integrate generative artificial intelligence, CEO Peter Zaffino said AIG’s intent is to “create a digital twin of our business.” The “twin” will represent “all …
1 Dead, 10 Injured, 1 Missing After US Steel Plant Explosion Near Pittsburgh
One person was killed and at least 10 others hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operating area at …
People Moves: Chubb Promotes in Surety, Property; WTW Hires ICT Directors; HDI Global USA Names Aguiar Head of Energy & Power Underwriting
Chubb Makes Key Leadership Appointments in Surety’s Global and North America Businesses Chubb Limited, headquartered in Warren, New Jersey, named Steve Haney, vice president, Chubb Group and currently division president of North America surety and chief underwriting officer of global …
People Moves: Coterie Insurance Names Albert and Egbert to Senior Leadership Team
Coterie Insurance, headquartered in Appleton, Wisconsin, named Mike Albert and Allan Egbert to the company’s senior leadership team as chief technology officer and chief platform officer, respectively. Albert and Egbert, the co-founders of Ask Kodiak, have advised Coterie since early …
Helicopter Crash Kills 2 Workers Repairing Powerlines Near Mississippi River
Two people working on powerlines near the Mississippi River died Thursday when their helicopter hit the lines, crashed into a barge and sparked a fire that belched plumes of black smoke, officials said. The helicopter crew was near East Alton, …