INSURANCE NEWS
Crews Fight Large Brush Fire in Massachusetts; Separate Fire Kills 1
A woman died in an outdoor fire in Massachusetts at an encampment in Millbury on Saturday night and crews on Sunday were still fighting a large overnight brush fire in Salem as dry and windy conditions have raised the risk …
Texas Department of Insurance OKs Porch Group’s Reciprocal Exchange
The Texas Department of Insurance approved an application from Porch Group Inc. to form and license Porch Insurance Reciprocal Exchange, a homeowners insurance reciprocal exchange. Porch said that forming PIRE is a key step in its strategy to increase profitability …
People Moves: McCarty Joins Alliant as SVP, Employee Benefits Group
Tammy McCarty joined Alliant Insurance Services, headquartered in Irvine, California, as senior vice president within its employee benefits group. Based in Austin, Texas, McCarty has over 25 years of experience leading human resources initiatives. She most recently served as managing …
People Moves: Novatae Risk Group Hires Catrabone as Carrier Relations VP
Novatae Risk Group, headquartered in Dallas, named John Catrabone as vice president of carrier relations. Based in Ohio, Catrabone comes to Novatae with more than 30 years of experience in various insurance industry sectors. Before joining Novatae, was chief distribution …
Liberty Mutual Estimates Up to $900M in Losses From Helene and Milton
Liberty Mutual Insurance today said it expects up to $900 million in losses from hurricanes Helene and Milton. Parent Liberty Mutual Holding Company (LMHC) in a statement released some preliminary third quarter information “in support of a potential capital markets …
China Is Scanning Canada’s Cyber Defenses, State Watchdog Warns
The Canadian government warned Friday that “a sophisticated state-sponsored threat actor from the People’s Republic of China” has been scanning the cyber defenses of important public entities. “Reconnaissance scanning is not an indication of compromise” but may precede malicious actions, …
IGI Expands in London Underwriting Hub Into Larger Offices
International General Insurance Holdings Ltd. announced it will move its London operations to new offices on the 15th floor of the so-called “Walkie-Talkie” building at 20 Fenchurch Street, London, EC3M 3BY on Monday, Oct. 28, 2024. IGI said the move …
McDonald’s E. Coli Crisis Reveals Vegetable Contamination Is Harder Problem Than Beef
Moves by major U.S. fast-food chains to temporarily pull fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E. coli outbreak at McDonald’s, laid bare the recurring nightmare for restaurants: Produce …
Dozens of Alleged Looters, Unlicensed Construction Workers Arrested in Florida
More than 100 people were arrested late last week in storm-ravaged Pinellas County, Florida, charged with looting homes and working as unlicensed contractors, two weeks after Hurricane Milton forced many residents to evacuate. Pinellas County Sheriff Bob Gualtieri said that …
People Moves: Price Forbes Bermuda Promotes Kelley to CEO; WTW Gets Saudi Arabian License, Names Chubb’s Bahafi as Head of Insurance Broking
This edition of Interational People Moves details appointments at the brokers Price Forbes and WTW. A summary of these new hires follows here. Price Forbes Bermuda Promotes Kelley to CEO Price Forbes Bermuda announced the promotion of Carrie Kelley to …
US Nuclear Regulator Begins Review on Three Mile Island Restart
U.S. nuclear regulators kicked off a long-winding process to consider Constellation Energy’s unprecedented plans to restart its retired Three Mile Island nuclear power plant in an initial public meeting held on Friday. Constellation, which announced last month that it had …
Lyft to Pay $2 Million to Resolve FTC Suit Over Driver Pay
Lyft Inc. agreed to pay $2.1 million to resolve a lawsuit by the US Federal Trade Commission accusing the ride-hailing company of deceiving drivers about how much they would earn when consumer demand picked up after the pandemic. The agency …