Projects to capture carbon emissions from power plants and store them permanently underground face “large risk premiums” from insurers because the technology is so new, Royal Dutch Shell plc said. “Insurance will be able to address only part of the financial …
The article Shell: Insurers May Be Reluctant to Underwrite Carbon Capture Projects appeared first on Insurance Journal.
Specialist property catastrophe underwriting manager, Catalytic Holdings has hired industry veteran Sam Ramsey to lead its newly-formed wind underwriting business. Ramsey joins Catalytic from All-Risks Ltd. where he headed the broker’s Lloyd’s of London underwriting facilities business. Before that, he …
The article Ramsey Joins Catalytic, Builds Wind Underwriting Team, Capacity appeared first on Insurance Journal.
North Carolina environmental regulators ordered Duke Energy this week to stop the spread of groundwater pollution from coal ash dumps outside Wilmington after tests showed contamination in nearby drinking water wells. The state Department of Environment and Natural Resources said …
The article North Carolina Regulators Order Duke to Stop Spreading Groundwater Pollution appeared first on Insurance Journal.
John Finston was named general counsel for the California Department of Insurance. Finston, who has served as deputy commissioner for corporate and regulatory affairs for three years, will replace outgoing General Counsel Adam Cole. Finston has practiced regulatory law for …
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A U.S. congressional panel on Thursday approved a bill aimed at deterring frivolous patent lawsuits, but which some critics say undermines the ability to protect new innovations. The U.S. House of Representatives Judiciary Committee, in a 24-8 bipartisan vote, sent …
The article House Committee Advances Patent Reform Bill appeared first on Insurance Journal.
Great American Insurance Group announced that the Monetary Authority of Singapore (MAS) has granted a formal license approval for its flagship insurance company, Great American Insurance Company, to establish a branch operation in Singapore. The bulletin noted that the authorization by …
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The family of a 30-year-old amateur driver killed in a crash at Kentucky Speedway last year filed a lawsuit, alleging that the racecar’s steering wheel broke off in his hands as he roared around the track at more than 100 …
The article Family of Man Killed at Kentucky ‘Racing Experience’ Speedway Files Lawsuit appeared first on Insurance Journal.
A former sheriff’s deputy in Jones County, Iowa, has been given 13 years in prison for fraud linked to a fire he set at his vacant home. Prosecutors say 50-year-old James Plower, of Olin, was sentenced in U.S. District Court …
The article Ex-Iowa Deputy Gets 13 Years in Arson for Insurance Case appeared first on Insurance Journal.
The U.S. Senate failed on Thursday to advance legislation to strengthen protections against cyber attacks, as Democrats banded together to oppose the measure’s inclusion in a defense policy bill President Barack Obama has threatened to veto. By a 56-40 vote, …
The article Senate Fails to Advance Cybersecurity Bill appeared first on Insurance Journal.
Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm occur, according to …
The article Directors & Officers Could Be Liable for Cyber Attacks: Marsh appeared first on Insurance Journal.