Three priests have been placed on leave in response to claims in a lawsuit filed last month that they sexually abused a boy in the 1990s, the Diocese of Buffalo announced Saturday. Bishop Michael Fisher said the priests all “deny …
Investment firm PEAK6 announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based property/casualty insurance firm that includes MacNeill Group, a managing general agency. Team Focus is parent to eight firms in all, …
KIAWAH ISLAND, S.C. — Developers planning to build homes on a sand spit south of Charleston, South Carolina are facing another setback after the state Supreme Court overturned their permits to construct a steel seawall. The court ruled Wednesday that …
The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range of US$15 billion-$20 billion, according to a new global survey by Willis Towers Watson. While the estimated costs will vary …
Ascot Appoints Lillegard as Group Chief Actuary Ascot has appointed Matthew Lillegard as group chief actuary. He will be responsible for leading the overall Ascot Group actuarial functions and will work in close collaboration with colleagues across Ascot’s underwriting, risk, …
Washington Insurance Commissioner Mike Kreidler and California Insurance Commissioner Ricardo Lara are askikng all insurers that are currently required to report to them annually on climate change to start reporting their climate risks in alignment with the Task Force on …
This wrap-up of international People Moves includes appointments at Allianz Global Corporate & Specialty (AGCS); HDI Global SE UK & Ireland, and Amwins Global Risks. A summary of these new hires follows here. Scott Sayce will join Allianz Global Corporate …
The U.S. property/casualty (P/C) industry saw its net underwriting income fall in first-quarter 2021 by 53% as compared with the same prior-year period, according to preliminary financial results analyzed by AM Best. Increases in incurred losses, loss adjustment expenses and …
AM Best has revised the outlooks to negative from stable and affirmed the financial strength rating of A- (excellent) and the long-term issuer credit ratings of “a-” (excellent) of New London County Mutual Insurance Company, Hingham Mutual Fire Insurance Company, …
Hackers infiltrated computer systems for the Metropolitan Transportation Authority in New York, setting off a scramble to counter a potentially crippling cyberattack against North America’s largest transit system, MTA officials confirmed on Wednesday. The officials said in a statement that …