INSURANCE NEWS
Greece Braces for More Wildfires While Storm Lilian Crosses UK
Greek wildfire risks increased as temperatures climb and near gale force winds blow across the Aegean Sea, while Storm Lilian is battering parts of the UK. There is a very high risk of fires in Athens and the surrounding Attica …
People Moves: Miraglia and Rusas Join Alliant M&A from WTW; Embroker’s Maletsky Joins Hiscox’s Tech E&O
Alliant Insurance Services, headquartered in Irvine, California, hired Peter Miraglia as executive vice president, Alliant Specialty, within the company’s mergers & acquisitions vertical. Miraglia brings over three decades of insurance industry experience with specialized expertise in private equity transactions. Based …
People Moves: DiPhilippo Joins Alliant Employee Benefits; Cormier Joins Alliant Americas in Boston
DiPhilippo Joins Alliant Insurance Services’ Employee Benefits Team Alliant Insurance Services, headquartered in Irvine, California, hired Anthony DiPhilippo as vice president, employee benefits, health and welfare consultant within its employee benefits group. DiPhilippo will grow and retain employee benefits and …
Ping An Profit Rises Nearly 7% as Market Recovery Bolsters Returns
Ping An Insurance (Group) Co. said profit rose nearly 7% in the first half, after a stock-market recovery helped bolster investment returns at China’s second-largest insurer by market value. Net income climbed to 74.6 billion yuan ($10.5 billion) in the …
Vanderbilt Plans $520 Million Palm Beach Campus, Tapping into Migration of Wealth
Vanderbilt University is asking local Florida officials to approve its proposal to build a $520 million campus in the wealthy Palm Beach area, tapping into a growing region transformed by new outposts of financial firms. The Nashville-based school envisions buildings …
WV Volunteer Fire Official Pleads to Insurance Fraud After Burning Down His Home
A former West Virginia volunteer fire official is awaiting sentencing after he admitted to setting fire to his home, filing an insurance claim, and using the fire department’s credit card for personal gain. Donald A. Ennis, 43, of St. Albans, …
Scrap Metal Dealer Pleads Guilty in Multistate Catalytic Converter Theft Conspiracy
A scrap metal dealer with a Virginia shop pled guilty this week to theft and tax charges related to his participation in a multi-state catalytic converter theft conspiracy. According to court documents, Theodore Nicholas Papouloglou, 45, used his business, DG …
Acquitted Yale Student Sues Women’s Groups for Calling Him a Rapist
An expelled Yale University student who was acquitted of sex assault charges in 2018 is now suing 15 women’s advocacy groups and an attorney for defamation after being called a “rapist” in a court brief that they filed in a …
Frequency of Deadly Hurricanes Has Jumped 300%
New research indicates that what used to be the 100-year hurricane will now happen every 25 years, according to Deep Sky Research, a Montreal-based carbon removal project developer. The new report analyzes data within the U.S. via its Hurricane Rainfall …
Hiscox Confirms Chairman Bloomer Died on Sinking of Yacht Off Coast of Sicily
Hiscox Ltd. issued a statement confirming that the insurer’s chair, Jonathan Bloomer, and Bloomer’s wife, Judy, died in the tragic sinking of the Bayesian off the coast of Sicily on Monday, Aug. 19. “We are deeply shocked and saddened by …
Is Heat Causing Branches to Fall Off Trees? Scientists Aren’t Sure
In 2003, as Paris sweltered through a heat wave that would go on to kill an estimated 15,000 people across France, one oasis of cooler air remained off limits: the city’s roughly 400 public parks. They were temporarily closed due …
AM Best Revises Outlook for Missouri Farm Bureau Group
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a-” (Excellent) of Farm Bureau Town and Country Insurance Company of …