INSURANCE NEWS
People Moves: Triple-I’s Porfilio New Head of Personal, Commercial Development at WTW’s ICT; Aspen Names Welch as Group CUO
WTW appointed Dale Porfilio as senior director and head of personal and commercial lines business development in its insurance consulting & technology (ICT) business. Based in Chicago, Porfilio will be responsible for driving growth, market share and profitability in both …
Trump’s Auto Safety Pick Promises Rapid Self-Driving Deployment
President Donald Trump’s choice to lead the nation’s top car safety regulator pledged to prioritize safety while at the same time making it easier for automakers to deploy-self driving cars. Jonathan Morrison, who was nominated by Trump on February 11 …
Credit Insurer Atradius Gets In-Principle Approval to Launch Lloyd’s Syndicate
Atradius, the Amsterdam-based global credit insurer, announced that Lloyd’s on July 15 granted “in principle” approval for a new syndicate, due to launch on Jan. 1, 2026. Atradius Syndicate 1864 will focus on trade credit risks, initially targeting new and …
Police: Florida Man Firebombed Insurance Agency, Is Linked to Competing Agency
A central Florida man has been charged with shooting at and throwing Molotov cocktails into an insurance agency office in Lake Wales last spring. Lake Wales Police said Jason Roberts was tracked down last week in Jasper, Georgia, after surveillance …
Flood Re’s Reinsurance Costs Surge on UK Claims Frequency and Severity
Flood Re, a joint initiative between the UK government and insurers designed to make flood cover more affordable for homeowners, has reported a precipitous increase in reinsurance rates and claims costs. “The global cost of reinsurance is increasing and Flood …
Orion180 Offering Flexible Home and Flood Insurance in Coastal Massachusetts
Orion180 Insurance, a provider of homeowners and flood insurance coverages, has launched its FLEX Home Insurance product in nine eastern counties of Massachusetts. FLEX provides customizable coverage, allowing homeowners to adjust coverages and deductibles to align with their individual risk …
Transgender Woman Sues Princeton for ‘Humiliating’ Removal From Track Meet
A transgender woman has sued Princeton University claiming she was illegally removed shortly before her race in a school-hosted track meet in May due to her gender identity. An attorney for Sadie Schreiner filed the complaint in New Jersey Superior …
‘Simply Fake’: The Dossier That Warned Credit Suisse About Gupta
The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one of the bank’s key borrowers, was a “clear participant” in a multi-billion dollar fraud, it claimed. It was …
Family of Man Crushed by Bulldozer at Atlanta Homeless Camp Sues the City
ATLANTA (AP) — The family of a homeless man who died after a bulldozer crushed his tent during an encampment sweep sued the city of Atlanta on Friday over his death, calling it “tragic and preventable.” The lawsuit filed by …
Owner of Tenn. Factory Where Workers Drowned in Helene Won’t Face Charges
NASHVILLE, Tenn. (AP) — The owner of a factory where six workers died last year in flooding from Hurricane Helene won’t face charges after a Tennessee Bureau of Investigation found no criminal wrongdoing. First Judicial District Attorney General Steven Finney …
Evidence Shows Jeju Air Pilots Shut Off Less-Damaged Engine Before Crash: Source
The South Korea-led investigation into Jeju Air’s fatal plane crash in December has “clear evidence” that pilots shut off the less-damaged engine after a bird strike, a source with knowledge of the probe said on Monday. The source said the …
Singapore Says Cyber Espionage Group Targeting Critical Infrastructure
Singapore said on Friday that it was responding to cyberattacks on its critical infrastructure by an espionage group alleged by security experts to be linked to China. “UNC3886 poses a serious threat to us, and has the potential to undermine …