Hormuz sinking hands marine war underwriters another total loss as attacks surge
Iran has said it is "counting the moments" until it can sink American warships as a second ship is reported a total loss earlier today
Insurance News
London market gains green light for further expansion in India
The Indian Ministry of Finance and UK Treasury have agreed that the deepening partnership between the London insurance and reinsurance market and the growing Indian market needs to continue as the Ind
Oklahoma Home Improvement Company Fined $150K for Sexual Harassment
An Oklahoma home improvement and design company will pay $150,000 to three former employees and provide other relief to settle a sexual harassment and retaliation lawsuit filed by the U.S. Equal Emplo
Aviva: Flood resilience in new builds could save £60 million
A £1,000 package pays back in just over three years, and homes built after 2009 sit outside Flood Re
Gold Body Accused of Enabling Deaths at Tanzanian Gold Mine
The London Bullion Market Association’s certification program served as a “thick smokescreen” that enabled serious abuses at a Tanzanian gold mine where two men died, lawyers alleged
P&C insurer credit profiles hold after Isaias, Fitch says
Losses hit earnings, not capital, but unrated Florida specialists face scrutiny
Copeland, Dixell systems breached in French supermarket attack
Hackers breached refrigeration systems from U.S.-headquartered Copeland LP and Dixell Electronics during a cyberattack on supermarket refrigerators and freezers in France on Monday, Reuters reported.
GLP-1 patients who don’t respond stayed on therapy anyway, study finds
A 12.7 million-patient analysis finds less effective GLP-1 users with Type 2 diabetes persisted on therapy at nearly the same rate as effective users, with no improvement in blood sugar or weight
The Future of Specialty Underwriting: John Russo of The Hartford on Data, Discipline and Trust
Risk & Insurance® editor in chief Dan Reynolds recently caught up with John Russo, Chief Underwriting Officer, Global Specialty, for The Hartford. What follows is a transcript of that discussion,
Parima president urges proactive, not passive, management of the new ‘risk order’
Annacel Natividad, president of Parima and chief risk officer & sustainability head, Aboitiz Foods Group, told Commercial Risk Asia that the theme – ‘The New Risk Order’ – was chosen for this year’s c
US specialty market more unpredictable with new capital, says Argo
The US specialty market is becoming more unpredictable, with new capital reshaping competition, creating a market that’s soft in places and hard in others, according to Argo. It says an influx of new
Florida Supreme Court Approves Board Certification in Insurance Law
Lawyers on both sides of the insurance aisle will soon be able to say they are “board-certified” in insurance coverage law, after the Florida Supreme Court approved the new certification l
California power shutoffs expose business interruption gap for brokers
With PG&E warning of potential outages across 29 counties, brokers say clients need to understand what their policies may not cover
Demographic changes to shrink Canada's workforce: Bank of Canada
‘Businesses need to understand it to develop new markets and products, invest in productivity-enhancing technology and help their workers gain skills for the future’
We’re a family, and other things coworkers wish you’d stop saying
Before scheduling a meeting about workplace culture, consider that the meeting itself might be the problem. Some 34% of respondents to a FlexJobs survey identified meetings that could have been emails
New chief commercial officer at Howden
Elliot Richardson has been appointed chief commercial officer at Howden. He will report to CEO David Howden and join the group executive committee, while remaining executive chair of Howden Re. Howden
IPO hopefuls face a tougher test of AI claims and D&O limits
Relation executive says brokers should help companies assess their coverage well before an offering reaches the market
France builds captive market share
French captives now account for 8% of all those in Europe that report under Solvency II, after the country established a new framework to increase market share, according to data from Scor. Scor, whic
Two defaults and a missing policy sink employee’s $500K UIM claim
She won default judgment twice. The policy still had the last word
Insurance moves: Corgi, Clyde & Co, Duck Creek, Bishop Street and Starkweather
Corgi hires Canopius’ trucking chief, Bishop Street names a new Conifer and AIM leader, and Duck Creek promotes its sales head
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