INSURANCE NEWS
Oil Tankers Rocked by Mystery Blasts After Trips to Russia
At least four oil tankers have been hit with explosions so far this year — all of them having visited Russia’s territorial waters in the weeks prior to the blasts happening. Nobody has claimed responsibility for the incidents, three of …
New UK-Based Climate Group Emerges as Banks Retreat
It was a dank, drizzly February evening when about 120 people gathered in the brightly lit art gallery of London’s Guildhall, surrounded by gold-framed paintings ranging from Pre-Raphaelites to realists. At the event, Alok Sharma, a former member of the …
Former Florida Broker, Others Charged in Insurance Fraud Schemes
One person in Texas and four people in Florida, including a previously licensed insurance broker, face insurance fraud charges in separate schemes, local and federal authorities said Wednesday. In Hialeah, Florida, three people were arrested at a medical clinic for …
CIAB: Commercial Premiums Rise 5.4% Overall in Q4 2024
2024 ended as steady as ever – with “no real change in current market conditions” – as respondents of a recent survey reported most lines of business in the last quarter had average increases in premiums about the same or …
Florida Rushing to Enforce New Immigration Laws. Here’s What to Know
TALLAHASSEE, Fla. (AP) — Days after Gov. Ron DeSantis signed off on immigration legislation he says is the toughest in the nation, Florida’s Republican leaders have named the director of the new state board of immigration enforcement: an architect of …
EPA Submits to Congress Approved EV Plan Adopted by 11 States
The U.S. Environmental Protection Agency said on Wednesday it has submitted the Biden administration’s approval of California’s landmark plan to end the sale of gasoline-only vehicles by 2035 to Congress for review and potential repeal. The decision by the new …
Delta Offers $30,000 to Each Passenger in Toronto Crash Landing
Delta Air Lines Inc. is offering $30,000 to every passenger aboard a regional jet flight that came to rest upside down after crash landing at a Toronto airport earlier this week. The payments are “a good-faith gesture” that have “no …
Markets/Coverages: Marsh Expands Fast Track Facility, Offering 10% Automatic Capacity
Marsh, the insurance broker, risk adviser and Marsh McLennan business, announced the addition of significant new capacity to its Fast Track facility. From March 1, 2025, clients can access up to 10% automatic capacity across their entire property and casualty …
Vanguard Pauses Corporate Meetings Over New ESG Guidance
Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on investor activism from the U.S. Securities and Exchange Commission, according to people familiar with the matter. In a recent notice, …
EEOC Says It’s Going After ‘Anti-American Bias’ in the Workplace
The U.S. Equal Employment Opportunity Commission said it will enforce antidiscrimination laws against employers that “illegally prefer non-American workers. In a Feb. 19 announcement EEOC’s Andrea Lucas, acting chair, said the commission is “putting employers and other covered entities on …
A Run of Fatal Airline Crashes Upends Sterling Safety Record
A spate of deadly airline crashes has tarnished the industry’s sterling track record, fraying the nerves of travelers and prompting questions about how the world’s safest form of transportation can respond. The tragedies began on Christmas Day when an Azerbaijan …
Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
Continuing a trend that’s persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top lines and those anticipating staff growth. The latest …