INSURANCE NEWS
Plane Crash Near Northeast Ohio Airport Kills 3; Authorities Investigating
VIENNA, Ohio (AP) — A plane trying to make an emergency landing at an airport in northeastern Ohio crashed, killing all three people aboard, authorities said. The twin-engine Beechcraft 60 went down near the Youngstown-Warren Regional Airport in Ohio at …
Fire Severe Damages Historic First Dallas Baptist Church Sanctuary
A fire all but destroyed the historic church sanctuary at First Baptist Dallas, sending smoke billowing over the city but causing no deaths or injuries, Dallas firefighters said. The fire in the Texas Historic Landmark, a Victorian-style red brick church …
US Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re
US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the estimated $61 billion in global H1 insured losses from natural disasters, US SCS accounted for a minimum $37 billion – …
Oil Slick Off Texas Coast Tied to Abandoned Platform in Gulf
Federal and state officials are developing plans to respond to an oil sheen in the Gulf of Mexico tied to an abandoned platform at least eight miles off the Texas coast. State officials were notified about the apparent spill on …
People Moves: Venbrook’s Student Insurance Adds MacDonald; Conner Strong & Buckelew Names Leung
Student Insurance, a Venbrook subsidiary and part of Venbrook Benefits, headquartered in Los Angeles, named Jessica MacDonald vice president of sales. Based in Boston, MacDonald has over 20 years of experience specifically in student health. She most recently served as …
St. Pete Approves New Rays Ballpark and Redevelopment of Current Site
ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays are on track to get a long-sought new ballpark following a city council vote Thursday on a major redevelopment project that also guarantees the team will stay where it is for …
Treasury Warns That Anti-Woke Banking Laws Like Florida’s Are Security Risk
WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter …
Buffett’s PacifiCorp Suspected of Collusion by Wildfire Victims’ Law Firms
The law firms leading class-action litigation against PacifiCorp over the 2020 Labor Day weekend wildfires in Oregon want to examine whether the utility owned by Warren Buffett’s Berkshire Hathaway is colluding with other law firms to reach lowball settlements with …
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement
A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims. The lawsuit filed Friday in state court in Maui …
What Role Does Insurance Play in a Politically Charged Climate?
Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign. During the incident, the former president was injured, one spectator was killed, and two more were …
People Moves: WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, Garrard Appointed Chair; Everest Names McBride, Garcia for Key Claims Roles
This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of these new hires follows here. WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, as Garrard Becomes Chair Insurance …
Somali Piracy Revives Sharply After Years of Quiet
Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year, the industry’s main observer of the crime said. There were eight acts of piracy and hijackings in the first half …