Texas regulators have completed the first overhaul of oilfield waste rules in over 40 years. The Railroad Commission of Texas last month adopted revisions for Chapters 3 and 4 of its rules that govern commercial oilfield waste landfills and on-site …
Texas Regulators Overhaul Oilfield Waste Rule Read More »
New estimates peg insured losses to property from the Palisades and Eaton fires in Los Angels together will fall between $28 billion and $35 billion, which includes losses to the California FAIR Plan. The estimates out on Wednesday from the …
Verisk Estimates Insured Losses for Palisades and Eaton Fires at $28B to $35B Read More »
A historic winter storm threatened natural gas shipments from one the biggest US export plants while heavy snow shut schools and airports in Houston and highways in New Orleans. A low-pressure system is dropping bitter cold from Texas to North …
Rare Snow Imperils Texas Gas Exports, Shuts Louisiana Roads Read More »
The Travelers Cos. said fourth quarter 2024 and full year net income increased 28% and 67% on string underlying underwriting results. Travelers posted fourth quarter net income of about $2.1 billion compared to about $1.6 billion during the last quarter …
Travelers Posts 28% Increase in Q4 Net Income Read More »
Among natural disasters, wildfires are the great unknown. Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as …
Wildfire-Risk Models Are Struggling to Predict LA-Style Fires Read More »
The U.S. Treasury’s Federal Insurance Office last week released what it called the “most comprehensive data on homeowners insurance in history.” Weeks after a U.S. Senate committee released a study and held a hearing on the affect of climate change …
Treasury’s FIO Releases ‘Flawed’ Homeowners Insurance Report, Industry Says Read More »
Lawley, headquartered in Buffalo, New York, appointed four new partners. Michael Jantzi II has worked in the insurance and business development sectors since 2010. Prior to becoming a partner, he was an employee benefits consultant for over 10 years. Michael …
People Moves: Lawley Names 4 New Partners; Burns Heads XS Brokers New Cyber Unit Read More »
Average workers’ compensation loss costs for the voluntary market in Tennessee will drop by 3.6% starting March 1, marking the 12th straight year for decreases in the state. The National Council on Compensation Insurance recommended the decrease in a September …
Tennessee to See Another Drop in Average Workers’ Comp Costs This Year Read More »
This edition of International People Moves details appointments at Arch Insurance International and Willis Towers Watson. A summary of these new hires follows here. Arch Promotes Thompson to Offshore Energy Underwriting Manager Arch Insurance International (Arch) has announced the promotion …
Italian insurer Societa Reale Mutua di Assicurazioni is looking to expand in Europe through acquisitions — and it’s ready to consider deals of up to €1 billion ($1 billion) to make it happen. “We’re aiming to develop our international presence …
Italy’s Reale Mutua Eyes €1 Billion Deals in Europe Expansion Read More »
