A fire broke out at a transportation center next to the international airport in El Paso, Texas, on Tuesday, injuring five people and sending a large tower of black smoke billowing over the city on the U.S.-Mexico border. Authorities did …
Fire Erupts Near El Paso Airport, Injuring Five Read More »
A systemwide outage of Nebraska goverment computers shut down everything from the work of the Legislature to driver’s licensing offices for several hours Thursday. The state Office of the Chief Information Officer confirmed that the outage affected all state connections …
Statewide Computer Outage Disrupts Nebraska Government Operations Read More »
This edition of International People Moves details appointments at the broker BMS and the managing general agent DUAL UK. A summary of these new hires follows here. BMS Taps Howden Re’s Biddell as Managing Director and Head of London P/C …
Marcus Walker said the sexual abuse he experienced two decades ago as a teenager at an Illinois youth detention facility has haunted his life. After a staff member gave him drugs and sexually abused him, he joined a gang hoping …
Over 800 File Complaints of Sexual Abuse in Illinois Youth Facilities Read More »
A federal judge has dismissed the city of Boston’s lawsuit seeking to hold pharmacy benefit managers liable for the opioid epidemic. US District Judge Patti B. Saris ruled that the suit against the drug intermediaries was filed too late. The …
Judge Rules Boston Waited Too Long to Sue Drug Intermediaries Over Opioid Crisis Read More »
At a JPMorgan townhall meeting on Wednesday, CEO Jamie Dimon was asked whether the Trump administration’s decision to abruptly stop work at the Consumer Financial Protection Bureau (CFPB) and question its existence was good news for the industry. Dimon told …
Financial Firms Hated US Consumer Watchdog, but Rapid Unraveling Creates Limbo Read More »
Although Mercury Insurance Group expects gross losses from the 2025 California wildfires in the $1.6 billion-$2.0 billion range, potential subrogation and reinsurance recoveries will drop the ultimate bill down to $325 million or less, the company believes. “We believe there …
Mercury Expects to Lose $1.6B to $2B From LA Wildfires Read More »
American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points, throwing in the possibility 2025 could be the year for $200 billion in insured catastrophe losses. “This could recalibrate the …
AIG’s Zaffino Talks More on Insurer-Reinsurer Split as $200B Cat Year May Loom Read More »
The family of a Raleigh police officer will receive workers’ compensation survivor benefits, even though the man was not officially at work when he was killed, the North Carolina Industrial Commission decided this week. Gabriel Torres was killed in a …
NC Industrial Commission Grants Benefits to Widow of Officer Killed in Mass Shooting Read More »
Regional independent agency network Insurance Services of New England (ISNE) reported it has expanded into Connecticut with eight additional agencies. The Connecticut agencies ISNE is welcoming to its network are Ahrens, Fuller, St. John & Vincent Insurance, Enfield; Allied Insurance …
Insurance Services of New England Adds 8 Connecticut Agencies Read More »
