Old Republic International Corporation said it is forming a new operating company, Old Republic Property, Inc., to underwrite specialized property insurance products through a national retail broker distribution network. The company will be led by Patrick Hagerty as president. Hagerty …
Old Republic Opens New Company for Specialty Property Read More »
The US is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including AIG and Berkshire Hathaway. The move announced Friday is …
US Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners Read More »
The University of South Carolina women’s basketball team saved the insurer for a New England furniture company millions of dollars by beating the University of Connecticut team 62-48 last Friday night. At the same time, 20,000 New Englanders missed a …
March Sadness: 20,00 New England Customers Lose Out on $50 Million in Refunds Read More »
Some investors think private credit is a tempest in a teapot. Others think it is about to spark a new financial crisis. Depending on the time horizon, both sets of views about the esoteric sector may be right. Signs of …
Private Credit Sector Stresses Could Be Catastrophic, but Not Just Yet Read More »
Of all the things Donald Trump has done to disrupt global commerce, from levying punitive tariffs to tearing up trade deals, few would be as consequential as withdrawing and leaving the rest of the world to secure the Persian Gulf. …
Trump Risks Confidence in US Role as Guardian of Global Shipping Read More »
The U.S. federal watchdog agency for consumer finance expects to finalize new regulations proposed in November that would narrow key civil-rights-era antidiscrimination requirements for lenders, according to a government website. The new policy from the Consumer Financial Protection Bureau would …
CFPB Prepares Final Lending Rule to Narrow Civil Rights Protections Read More »
The Federal Bureau of Investigation has concluded that last month’s breach of the networks it uses to manage wiretaps and other surveillance work qualifies as a “major incident,” signaling the severity of an intrusion that had already prompted the agency …
FBI Calls Breach of Sensitive Agency Networks a ‘Major Incident’ Read More »
Liberty Mutual Insurance late last week announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses. Vlad Barbalat has been appointed president, Global Risk & Capital Solutions, and will continue to serve …
People Moves: Liberty Mutual Restructures Leadership of GRS, LMI Read More »
The systems that allow drivers to take their hands off the wheel are convenient but don’t improve safety because people are often too reliant on them and end up paying more attention to their cellphones and infotainment screens than to …
Hands-Free Driving Systems Do Not Improve Safety, NTSB Says Read More »
A Florida appeals court decision, reinterpreting a 32-year-old workers’ compensation statute, could now mean a longer statute of limitations on many injury claims and may lead to the reopening of many cases around the state. The lead claimants’ attorney in …
After ‘Two Clocks’ Workers’ Comp Court Ruling, Will Florida Claims Be Reopened? Read More »
