The Texas Windstorm Insurance Associated Board of Directors will meet Tuesday, April 18 to discuss taking possible action on the TWIA’s reinsurance purchase for the 2023 storm season. TWIA’s reinsurance broker, Gallagher Re, will present information to the Board on …
Five defendants were arraigned this week on multiple felony counts of insurance fraud after a California Department of Insurance investigation found a landscaping company some of the defendants owned allegedly underreported wages to their insurer to reduce their workers’ comp …
Three Alaska Native tribes have sued to block what they say would be one of the largest gold mines in the world, arguing that federal agencies failed to properly analyze health and environmental concerns for the project in southwest Alaska. …
An offshore pipeline involved in a 2021 oil spill that fouled Southern California beaches is being put back in service, the operator said. Amplify Energy Corp. said that it received approval from federal regulatory agencies to restart operations and last …
An electric bicycle powered by a lithium ion battery is being blamed for a fatal fire on Monday in New York City that killed two children, marking the latest in a string of e-bike-related fires in the city. FDNY Chief …
Apollo, the London-based independent specialist re/insurer, announced its new ICX Consortium through its “Apollo ibott 1971” division, which provides data-driven embedded insurance solutions for the fast-growing digital economy. Apollo plans to deploy meaningful lead capacity through the consortium which will …
The Clear Group, the London-based independent broker, announced the acquisition of Irish commercial broker McAuliffe Barry & Collins Ltd., which trades as MBC Insurance and Techinsure.ie. Clear has acquired 100% of MBC Insurance. Financial details of the deal were not …
This edition of International People Moves details appointments at AIG Asia Pacific and Gallagher Re. A summary of these new hires follows here. AIG Appoints BHSI’s Colahan as Regional President, AIG Asia Pacific American International Group Inc. announced that Chris …
A group of climate activists has called on 30 insurance company CEOs to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter, seen by Reuters, showed. Insure our Future, …
Billionaire Ajay Piramal and TPG Inc. are considering selling their stakes in Shriram General Insurance Holdings Co., according to people familiar with the matter. Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in …