INSURANCE NEWS
Hazardous Cargo Secured From Ship Grounded on Canada’s East Coast
The hazardous cargo and fuel on a ship that ran aground in Canada last month has been contained, according to the company that manages the vessel. MSC Mediterranean Shipping Co. has also hired a salvage company and a marine oil …
Firings at NOAA Risk Lives and Economy, Former Agency Heads Warn
The federal weather and oceans agency touches people’s daily lives in unnoticed ways, so massive firings there will likely cause needless deaths and a big hit to America’s economy, according to the people who ran it. The first round of …
Airlines Want Less Helicopter Traffic Near Washington Airport
A group representing U.S. airlines plans to urge federal aviation officials to permanently reduce helicopter traffic around Reagan National Airport outside Washington, D.C., following a January collision by an Army Black Hawk into an American Airlines regional jet that killed …
UK’s Specialist Risk Group Acquires Specialist Schemes Broker, Brentacre Insurance
Specialist Risk Group (SRG), the London-based insurance intermediary, announce the acquisition of Brentacre Insurance, a specialist broker with deep expertise in providing insurance for modified and performance vehicles, subject to regulatory approval. Financial details of the transaction were not disclosed. …
Brookfield to Enter UK Pension Insurance Mkt as Companies Offload Pension Liabilities
Brookfield Wealth Solutions is entering the UK pension insurance market, it said on Monday, as the Canadian financial giant looks to tap into strong demand from companies to offload their pension scheme risks to insurers. The move – subject to …
Trump Commerce Secretary Plans to Strip Government Spending From GDP Data
U.S. Commerce Secretary Howard Lutnick said on Sunday he would strip out government spending from the gross domestic product (GDP) report, but gave no indication how soon this change might happen, while dismissing fears of a possible recession. “You know …
At Supreme Court, Gun Companies Aim to Avoid Blame for Arming Mexico’s Drug Cartels
The U.S. Supreme Court was set on Tuesday to hear a bid by two American gun companies to throw out the Mexican government’s lawsuit accusing them of aiding illegal firearms trafficking to drug cartels and fueling gun violence in the …
Australia Braces for Rare Cyclone to Hit Busy East Coast
A large swathe of Australia’s east coast is preparing for strong winds and life-threatening flooding from a tropical cyclone that’s forecast to make landfall north of the nation’s third-largest city. Cyclone Alfred was about 630 kilometers (391 miles) east of …
Arthur J. Gallagher & Co. Acquires New Zealand-Based RMA General Ltd.
Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based RMA General Ltd. (RMA) and its associated insurance broking businesses. Terms of the transaction were not disclosed. RMA provides commercial and personal insurance products as well as tailored life …
Gender Pay Gap Endures in Australia’s Financial and Insurance Sectors
Pay for women and men at firms in Australia’s financial and insurance services sector remains among the most unequal, according to government data that was expanded to include the salaries of more workers and a deeper analysis of wages. The …
Crews Battle Wildfires Across Parts of North and South Carolina
South Carolina’s governor declared a state of emergency this week as dozens of wildfires burned across parts of North and South Carolina, causing evacuations, minor property losses and unhealthy air quality. State, local and national news sites reported that more …
Italian Businessman Caltagirone Raises Stake in Generali to 8%, MF Daily Says
Italian businessman Francesco Gaetano Caltagirone has recently raised his stake in insurer Generali to 8%, MF newspaper reported on Tuesday, citing financial sources. A spokesperson for Caltagirone had no immediate comment. According to MF, the businessman strengthened his position in …