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Texas Governor Appoints Bolduc as Public Counsel for OPIC
Texas Governor Greg Abbott has appointed David Bolduc as the Public Counsel for the Office of Public Insurance Counsel (OPIC) for a term set to expire on February 1, 2025. The Office represents the interests of insurance consumers in regulatory …
POSTED MARCH 22, 2023 4:55 PM |
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients
This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting Nirvana, the newly …
POSTED MARCH 22, 2023 4:50 PM |
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction
Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse gases. Chubb also announced it will …
POSTED MARCH 22, 2023 4:32 PM |
Dispute Over Van Gogh Art In Detroit Settled
DETROIT (AP) – A deal has been reached over control of an 1888 painting by Vincent van Gogh, lawyers said, weeks after the custody fight created public buzz and much tension near the end of a rare U.S. exhibition in …
POSTED MARCH 22, 2023 4:07 PM |
Floor Collapses Onto 2 Chicago Firefighters
CHICAGO (AP) – A floor collapsed onto two Chicago firefighters early Tuesday as they were helping battle a residential fire, trapping one of them until he was rescued, officials said. Crews arrived at the townhouse about 4 a.m. on the …
POSTED MARCH 22, 2023 4:05 PM |
People Moves: Lonergan Joins Cadence Insurance as Dallas/Fort Worth Market President
Lonergan Joins Cadence Insurance as Dallas/Fort Worth Market President Kristin Lonergan has joined Cadence Insurance, Inc., headquartered in Houston, Texas, as Dallas/Fort Worth market president. In her new role, she will build and lead a commercial, personal and group benefits …
POSTED MARCH 22, 2023 4:03 PM |
J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy
Johnson & Johnson JNJ.N said on Wednesday that it would ask the U.S. Supreme Court to revive its effort to resolve tens of thousands of lawsuits over its talc products through the bankruptcy of a subsidiary, after an appeals court …
POSTED MARCH 22, 2023 3:39 PM |
Natural Catastrophes Cost Insurers $125 Billion in 2022: Swiss Re
Natural disasters in 2022 brought global economic losses of US$275 billion, of which insurance covered 45%, or US$125 billion, according to Swiss Re’s latest sigma report. Claims from Hurricane Ian in Florida, record breaking losses from hailstorms in France, floods …
POSTED MARCH 22, 2023 3:25 PM |
Insurer-Friendly Justice Retires, But That Gives DeSantis 5th Pick on Fla. High Court
Gov. Ron DeSantis’ already strong stamp on the Florida Supreme Court will be even greater for years to come after Justice Ricky Polston retires at the end of this month. DeSantis will have appointed five of the court’s seven justices …
POSTED MARCH 22, 2023 3:19 PM |
Insurer Spots Cybersecurity Weakness With Model Simulating Catastrophic Attacks
Coalition Inc., a cyber-insurance provider that tries to curb digital risk, has designed technology that simulates large-scale attacks to help insurers identify potential weaknesses in their portfolios and prevent widespread losses. The San Francisco-based company’s model measures cyber risks in …
POSTED MARCH 22, 2023 3:17 PM |
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