Bank of England Governor Andrew Bailey said on Monday a no-deal Brexit would cause longer-term damage to Britain’s economy than the COVID-19 pandemic, and the impact of the change might be felt for decades. “Well, I think the long-term effects …
Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which allows insurers to track exposures, establish reserves, and manage aggregations in the face of this generation’s largest emerging risk, the …
Five former or current officials of Fairfield, Connecticut, are among several people who have been arrested in connection with the illegal dumping of hazardous materials next to the town’s public works garage and efforts to hide the extent of the …
A fire at the renowned Jacob’s Pillow dance center in Massachusetts destroyed a theater building, but no one was hurt. The fire at the Doris Duke Theatre was reported at about 7 a.m., Becket Fire Chief Paul Mikaniewicz told The …
BMS Group, the independent specialist re/insurance broker, announced the appointment of Chris Madell as director in BMS’ new Financial Lines division, effective immediately. Madell will be based in London, reporting to Ian Gormley, managing director of the BMS Global Risks …
Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer. Ada Re has successfully secured capital commitments and, subject to …
A handyman who was left bloodied after he was beaten and choked by Vallejo police will receive $750,000 from the city, it was announced Friday. The San Francisco Bay Area city agreed Thursday to settle a civil rights lawsuit filed …
An Oregon man crashed a Tesla while going about 100 mph, destroying the vehicle, a power pole and starting a fire when some of the hundreds of batteries from the vehicle broke windows and landed in residences, police said. Dylan …
Howden, the international insurance broker, announced it has reached an agreement to acquire Safeonline, a London-based cyber and tech specialist broker and Lloyd’s coverholder. The acquisition underlines the importance Howden places on this fast-growing product line and gives it an …
SECURA Insurance, based in Neenah, Wis., has promoted five company leaders: Amy DeHart, senior vice president and chief actuary; Dan Ferris, chief legal officer; Tripp Humston, regional vice president–Sales; Tim O’Brien, vice president–controller; and Brett Purcell, regional vice president–Sales. The …