Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather. The decision comes amid a rise in the damage done to physical assets by floods, storms and wildfires. Apollo, …
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather Read More »
Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The Vantage deal, which is expected to close in the second quarter …
Vantage Group to Be Acquired by Ackman-Backed Howard Hughes Holdings for $2.1B Read More »
A former loss representative for National General Insurance Co. and his mother allegedly ran a scheme in 2022 that involved false claims, a fake towing company and a $141,000 loss for the insurer. Horace Kelly, 40, and his mom, Greta …
Former National General Loss Rep and Mom Charged With Fake Claims Scam Read More »
Attorney General Brenna Bird announced she has sued the online gaming company Roblox for allegedly failing to take necessary steps to protect Iowa kids from sexual exploitation, facilitating distribution of child sex abuse material, and failing to warn Iowa parents …
Iowa AG Sues Roblox for Allegedly Failing to Protect Kids on Gaming Platform Read More »
Insurer Munich Re and Germany’s KfW Development Bank are introducing a state-backed program to mitigate the financial risk of geothermal drilling and encourage exploration for the renewable heat and power source. Geothermal power is an abundant energy source that can …
Munich Re Offers Geothermal Risk Insurance in State-Backed Drive Read More »
A woman who allegedly pushed razor blades into loaves of bread at two Biloxi, Mississippi, Walmart stores was arrested on Tuesday. Camille Benson, 33, of Texas, has been charged with attempted mayhem. Her bond is set at $100,000. Harrison County …
Woman Charged After Razor Blades Found in Bread at 2 Mississippi Walmarts Read More »
This edition of International People Moves details appointments at Markel Insurance and Tokio Marine Kiln. A summary of these new hires follows here. Markel Int’l Taps AXIS’ Howell as Senior War and Terrorism Underwriter Markel Insurance, the insurance operation within …
Plans to “carry out an attack” in New Orleans were thwarted after an ex-Marine was arrested while on the way to the Louisiana city with guns and body armor in the car, according to court documents obtained Tuesday by The …
Plans for Attack in New Orleans Thwarted, Feds Say Read More »
Texas Department of Insurance (TDI) Deputy Commissioner Jamie Walker won this year’s Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC). NAIC President Jon Godfread said, “Walker’s career reflects remarkable …
TDI’s Walker Wins NAIC Robert Dineen Award for Outstanding Service Read More »
United Pride Dairy LLC, a dairy farm in Phillips, Wisconsin, violated federal law when it subjected three employees of Mexican origin to disparate treatment in the terms and conditions of employment, and also subjected a female employee to sexual harassment, …
Wisconsin Dairy Farm Sued for National Origin Discrimination, Sexual Harassment Read More »
