INSURANCE NEWS
Coca-Cola, PepsiCo Planning to Comply With Trump’s DEI Policy
Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter. Coca-Cola, which provides beverages on military bases and in …
Specialty Re/Insurer Convex to Enter Lloyd’s With Syndicate 1984
Convex Group Ltd., the international specialty insurer and reinsurer, announced it has received in-principle approval to launch Lloyd’s Syndicate 1984, which will commence underwriting in April 2025. Convex said it has worked with its advisers Gallagher Re and Asta, which …
Markets/Coverages: Mosaic Launches Combined General, Environmental Liability Cover
Mosaic Insurance has launched a combined environmental product that merges primary commercial general liability with a suite of added pollution and professional coverages. The company’s new Site Pollution & General Liability (SGL) form provides primary and excess (supported and unsupported) …
Which Companies Are Pulling Back on Diversity Initiatives?
A growing number of prominent companies have scaled back or set aside the diversity, equity and inclusion initiatives that much of corporate America endorsed following the protests that accompanied the Minneapolis police killing of George Floyd, a Black man, in …
Mexico’s Sheinbaum Threatens to Sue Google Over ‘Gulf of America’ Maps Change
Mexico President Claudia Sheinbaum threatened a civil lawsuit against Google for renaming the Gulf of Mexico to Gulf of America on its maps service following an executive order Donald Trump signed after taking office. Sheinbaum insisted Thursday that Alphabet Inc.’s …
Trump Hostility to US Offshore Wind Reverberates Through Supply Chain
Companies that committed to investments in U.S. offshore wind infrastructure and supply chains are scrapping their plans as the projects they were meant to serve face huge setbacks, including President Donald Trump’s plan to end federal support. The pullback reflects …
Florida-Based The Liberty Company Keeps Growing, Now With $100M Credit Offering
Gainesville, Florida-based The Liberty Company Insurance Brokers, calling itself one of the fastest-growing privately held brokerages in the country, is set to grow a little more this year, thanks to a $100 million line of credit. The brokerage announced this …
Alliant Names Foley VP in Benefits, Based in Tennessee
Alliant Insurance Services, one of the largest U.S. insurance brokers and distributors, has named Connor Foley vice president in its employee benefits group. He is based in Tennessee, Alliant said in a news release. Foley has considerable experience working with …
Viewpoint: The Recipe for Building a Successful MGA
The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs. For many, launching an MGA is a chance to offer a more tailored approach …
Baltimore Sues Glock Over Handguns Easily Converted to Automatic Weapons
Baltimore is suing gunmaker Glock over design features that allow its handguns to be easily modified to become fully automatic weapons, which enables criminals to inflict more damage and makes the city more dangerous, attorneys argue in a complaint filed …
Insurers Have Now Paid out $6.9B for LA Wildfires, Report Shows
Insurance companies have so far paid out more than $6.9 billion for losses from the biggest two of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes last month. That’s according to the …
Southern California Edison Gear Ignited More Fires in 2024 Than Previous Year
Southern California Edison’s equipment ignited nearly 60% more fires in 2024 than in the previous year, mainly tiny ones that were quickly extinguished, as the utility battled to prevent catastrophe in the months leading up to the Los Angeles wildfires. …