Progressive Insurance will not have to face two class actions by Pennsylvania insureds alleging that the insurer systematically underestimated the actual cash value (ACV) of their totaled vehicles and thus breached its insurance agreements with them under state law. The …

This edition of International People Moves details appointments at Liberty Specialty Markets in Luxembourg and the Insurance Industry Charitable Foundation in Canada. A summary of these new hires follows here. Liberty Specialty Promotes Fraigneau to President, Europe, as Sinz Retires …

In response to the catastrophic flooding impacting portions of Texas, Virginia Governor Glenn Youngkin announced the deployment on Monday of two Virginia swift water rescue Teams to assist in the ongoing recovery efforts. The deployment is at the request of …

Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer, Markel, Undercover offers a unique …

India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an …

Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver and the accompanying …

Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “Florida entered the mid-year …

Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European …

US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20 reports …

A second vessel was attacked by five rocket-propelled grenades in the Red Sea near Yemen, just a few hours after Houthis claimed responsibility for an earlier attack on a ship sailing in the same area, making voyages through the key …

Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …

Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance commissioner last …