Banks and insurers which fail to properly manage climate risks could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England said on Tuesday. In its first comprehensive stress test of how Britain’s …
The Diocese of Rochester, New York, and its insurers have submitted a proposal to bankruptcy court to settle 471 sexual abuse claims against them for $147 million. The settlement includes $107,750,000 from insurers and $40,500,000 from the Catholic diocese and …
Vermont Gov. Phil Scott has signed legislation into law that creates an advisory committee to make recommendations on how to spend the state’s share of settlement money with drug manufacturers and distribution companies over the toll of prescription opioids. The …
NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022. The NJM ProPack Commercial Package Policy protects mid-to-large-sized businesses against property and liability risks, including crime, inland marine, and industry-specific …
The program manager Accredited Insurance (Europe) Ltd., the wholly owned subsidiary of Randall & Quilter Investment Holdings Ltd., announced it has signed a six-year program management agreement with Policy Expert, a UK Insurtech providing home and motor insurance to over …
Drought is expected to impact much of the Pacific Northwest this summer, including areas in eastern Washington, southern Oregon and southern Idaho, according to climatology and water officials. A recent map from the U.S. Drought Monitor shows that about 54% …
A teen in Mississippi shot and killed another teen who approached his home with a toy gun that looked like an assault rifle while wearing a ski mask, authorities said. The teen killed was one of thee people who approached …
Most business owners expect employees to be back working in person full time a year from now but employees want to retain flexibility with where and when they work. According to Nationwide’s most recent Agency Forward survey, about half of …
This edition of International People Moves details appointments at Arch Insurance International and Dale Underwriting Partners. A summary of these new hires follows here. Arch Insurance Int’l Hires Chaucer’s Bauckham for Terrorism, Political Violence & War Team Arch Insurance International …
TransUnion’s latest Personal Lines Insurance Shopping Report found the number of consumers who accepted a telematics offer from their auto insurance provider increased 33% since the end of 2021—a trend driven by consumers hoping to lower their premiums by demonstrating …