In response to the catastrophic flooding impacting portions of Texas, Virginia Governor Glenn Youngkin announced the deployment on Monday of two Virginia swift water rescue Teams to assist in the ongoing recovery efforts. The deployment is at the request of …
Virginia Sends Swift Water Rescue Teams to Help Texas Flood Recovery Efforts Read More »
Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer, Markel, Undercover offers a unique …
Market/Coverages: Willis Launches $200M Cargo Facility for Rising Geopolitical Risks Read More »
India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an …
India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill Read More »
Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver and the accompanying …
Mexico Criminals Rob Truck Full of Gold, Silver Concentrate Read More »
Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “Florida entered the mid-year …
Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals Read More »
Regina Stephenson Hurricanes. Wildfires. Earthquakes. What do they have in common? If you’re in the insurance industry, the answer is that they’re all guaranteed to trigger weather and disaster claims from those with P&C insurance like home, business, and auto …
Adjuster Licensing and Your P&C Claims Processing Timelines Read More »
Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European …
Apple Takes Fight Against $587 Million EU Antitrust Fine to Court Read More »
US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20 reports …
Ram Pickup Recalls Investigated After Seven Injuries Reported Read More »
A second vessel was attacked by five rocket-propelled grenades in the Red Sea near Yemen, just a few hours after Houthis claimed responsibility for an earlier attack on a ship sailing in the same area, making voyages through the key …
Second Ship Hit in Red Sea After Earlier Houthi Attack Read More »
Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …
Deadliest Flooding in Last 25 Years Came in Areas With Low Flood Insurance Take-Up Read More »
