INSURANCE NEWS
New West Virginia Governor Axes DEI and Enacts Vaccine Exemptions on Day One
CHARLESTON, W.Va. (AP) — Republican Gov. Patrick Morrisey issued a slew of aggressive executive orders on his first full day as West Virginia’s chief executive Tuesday, including one enabling families to receive religious exemptions from required school vaccinations — a …
Fire-Ravaged LA to See Respite But Danger ‘Not Yet Passed’
The dry, dangerous winds that have kept fire-scarred Los Angeles on edge for days are finally forecast to end — but a lack of rain and another round of winds forecast next week has officials worried. “Things are starting to …
Family of Alabama Man Killed by Police Will Get $750,000 Settlement
MONTGOMERY, Ala. (AP) — An Alabama city will pay $750,000 to settle a federal civil rights lawsuit against a police officer who fatally shot one person and wounded another in 2019, after defendants appealed the original $4.5 million awarded by …
Maine Town Plan to Remove Two Dams Includes Marina Insurance Measure
The Yarmouth town council voted unanimously this month to remove two town-owned dams on the Royal River and consider fish passage improvements at a stretch of rapids in between them, a historic vote more than two decades in the making. …
Too High? Too Low? BMS Analyzes Early Wildfire Insured Loss Estimates
Industry analysts’ early estimates of insurance industry losses for the January 2025 California wildfires have already grown from $8 billion to $40 billion-plus—with many noting that it’s too early for precision in the numbers. In short, whether they were calculated …
Bayer Faces Billions in Payouts for Decades-Old Toxic Mess
Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories. On Tuesday …
People Moves: Lloyd’s Names AIG Veteran Baugh as Council Member; White Bear Managers Taps Former Castel Bloodstock Underwriters Woodward and Long
This edition of International People Moves details appointments at Lloyd’s and White Bear Group. Details of these new hires follows here. Lloyd’s Appoints AIG Veteran Baugh as New Council Member, Succeeding Maidment Lloyd’s, the insurance and reinsurance marketplace, announced that …
Lloyd’s Syndicate AEGIS London Launches Portfolio Solutions Division
Lloyd’s syndicate AEGIS London announced the creation of a new Portfolio Solutions division that will focus on following third-party underwriting expertise in the London market. Led by respected underwriter Richard Palengat, Portfolio Solutions will allow AEGIS London to engage with …
Extreme Ocean Heat Breaks Records in 2024, Creating 2 Mysteries to Solve
This past year, 2024, was the warmest ever measured for the global ocean, following a record-breaking 2023. In fact, every decade since 1984, when satellite recordkeeping of ocean temperatures started, has been warmer than the previous one. A warmer ocean …
Family Seeks Record $2.6 Billion After Fatal Helicopter Crash
The family of former Leicester soccer club owner Vichai Srivaddhanaprabha has filed the largest fatal accident claim in English history after the Thai billionaire died in a helicopter crash in 2018, representatives said Friday [Jan. 10]. The High Court claim …
Reeves’ Pressure on UK Watchdogs Spooks Financial Crisis Veterans
The UK’s push to deregulate its way to growth has got veterans of the last financial crisis worried that it’s sowing the seeds for another crash. Labour, for decades the political party that favored taming the City of London, now …
An Increase in Identity Theft, Cybercrime Predicted in 2025
The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It’s anticipated there will be reduced support for victims and less law enforcement focus, likely leading to a rise in …