UBS Group AG’s chairman warned against looming risks in the US insurance industry, citing weak and complex regulations amid an unprecedented boom in private financing. “We’re beginning to see huge rating agency arbitrage in the insurance business,” Chairman Colm Kelleher …
UBS Warns of Systemic Risk From Weak US Insurance Regulation Read More »
McCrosson Joins AXA XL Reinsurance as Senior Underwriter, US Property Treaty AXA XL Reinsurance hired Dan McCrosson to the U.S. property treaty reinsurance team in Stamford, Connecticut, as a senior underwriter, U.S. Property Treaty. McCrosson’s career spans several years at …
CNA Financial Corp. recorded third quarter net income of $403 million compared with $283 million a year during the same period. Pretax catastrophe losses were $41 million for Q3, down more than $100 million from the prior year quarter. CNA’s …
CNA Net Income for Q3 Up 42% on Lower Catastrophe Losses Read More »
Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024, maritime sources said. If confirmed, …
Assailants Attack Tanker off Somalia in Suspected Pirate Strike Read More »
Starkweather & Shepley Insurance Brokerage, Inc., headquartered in East Providence, Rhode Island, hired Dennis Leamy as a commercial risk advisor. Leamy joins the firm with nearly 20 years of experience in property, casualty, and life insurance, along with a record …
People Moves: Starkweather & Shepley Welcomes Leamy Read More »
Costco, Ryder Last Mile Inc. and Mega Nice Trucking LLC $868,128 citation has been issued by the California Labor Commissioner’s Office for worker misclassifying and labor law violations affecting 58 delivery drivers. The LCO reports that Ryder Last Mile Inc. …
California Labor Commish Fines Costco, Others $868K for Misclassifying Drivers Read More »
Transportation Secretary Sean Duffy said he’d close US airspace if officials determined air travel was dangerous, as the government shutdown stretches into its second month. “If we thought that it was unsafe, we’ll shut the whole airspace down,” Duffy said …
US Sees Air Safety Risks as Government Shutdown Hurts Flying Read More »
Workers’ compensation insurance premium rates in California have been in a steady decline for many years, after a series of reforms to the system reduced claim payouts, and subsequent changes to the experience modification rating calculation decreased the impact of …
Viewpoint: California Workers’ Comp Outlook And What Stakeholders Need to Know Read More »
