Chubb announced leadership promotions to its professional indemnity teams for Chubb Global Markets (CGM). Under the changes, Steve Driscoll is appointed head of Professional Indemnity for CGM and also for the United Kingdom & Ireland (UK&I). CGM comprises Chubb’s London …
International Re (I–RE), the specialist captive insurance and reinsurance managing general underwriter (MGU), is announcing a new strategic capacity partnership with Cimarron Insurance, a niche specialist admitted insurer. The partnership will underwrite a range of admitted property and casualty lines …
A lawsuit has been filed against multiple companies connected to a now-closed battery recycling plant years after California regulators pledged to recover cleanup costs from those responsible for spreading lead pollution to thousands of homes in southeast Los Angeles County. …
The Seattle Department of Transportation now says reinforcing 16 bridges to better withstand eartquakes would cost hundreds of millions of dollars more than once expected. The Seattle Times reports that instead of 16 bridges, the city now plans to complete …
California workers’ comp COVID-19 monthly claim volume, which fell sharply in August and September, is now trending up again, climbing 9.0% in October, then more than doubling in November, according to a California Workers’ Compensation Institute. The CWCI reviewed claims …
Sompo International Holdings Ltd. has acquired W. Brown & Associates Insurance Services in Irvine, Calif. Brown has been a managing general underwriter for Sompo International since 2016. The W. Brown operations will remain intact, leveraging the MGU’s management and underwriting …
The Kilauea volcano on Hawaii’s Big Island has erupted, the U.S. Geological Survey said. The eruption began late Sunday within the within Halema’uma’u crater. The volcano is located within Hawaii Volcanoes National Park. A magnitude 4.4 earthquake hit about an …
TOKYO — Japan’s Nagashiki Shipping said on Friday [Dec. 18] the grounding of one of its large bulk carriers that caused an ecological disaster in Mauritius was due to a lack of safety awareness and a failure to follow rules …
Insurance advisory organization AAIS (American Association of Insurance Services) has received approval from the Florida Office of Insurance Regulation for its new predictive model. The AAIS Fire Loss and Mitigation Evaluation Score (FLAMES) was designed to improve on existing methods …
Cover Whale, an insurtech with a specialty niche in the trucking and transportation segment, has expanded its trucking insurance products to include a fleet insurance program. Fleet managers and select insurance brokers now have access to the Cover Whale online …