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4 04, 2024

Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage

By | April 4th, 2024|Uncategorized|Comments Off on Markets/Coverages: AXA XL’s U.S. Mid-Market Insurance Business Expands GL Coverage

AXA XL’s U.S. Mid-Market insurance business is extending its general liability coverage for mid-sized businesses with its new XL Plus broadening endorsement, offering more than two dozen expanded protections. The XL Plus endorsement expands the scope and depth of coverage …

3 04, 2024

Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems

By | April 3rd, 2024|Uncategorized|Comments Off on Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems

Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multi-billion-dollar settlement over contamination with potentially harmful compounds used in firefighting foam and several consumer products, the company …

8 04, 2024

Greece Invests Over €2 Billion to Fight Climate Change Effects

By | April 8th, 2024|Uncategorized|Comments Off on Greece Invests Over €2 Billion to Fight Climate Change Effects

Greece is investing €2.1 billion ($2.27 billion) to protect the nation from natural disasters caused by climate change as wildfires are already breaking out ahead of fire season, which normally starts in May. The Aegis program is the first of …

3 04, 2024

States Eye Requiring Fossil Fuel Companies to Pay for Some Climate Change Damage

By | April 3rd, 2024|Uncategorized|Comments Off on States Eye Requiring Fossil Fuel Companies to Pay for Some Climate Change Damage

The Vermont Legislature is advancing legislation requiring big fossil fuel companies pay a share of the damage caused by climate change after the state suffered catastrophic summer flooding and damage from other extreme weather. The state Senate is expected to …

4 04, 2024

Panama Canal Drought Could Threaten Global Supply Chains, S&P Says

By | April 4th, 2024|Uncategorized|Comments Off on Panama Canal Drought Could Threaten Global Supply Chains, S&P Says

The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings could impact global supply chains during a period of high demand, S&P Global said on Wednesday. The canal has imposed …

3 04, 2024

Murdaugh Sentenced to 40 Years for Stealing Insurance, Other Funds from Clients, Firm

By | April 3rd, 2024|Uncategorized|Comments Off on Murdaugh Sentenced to 40 Years for Stealing Insurance, Other Funds from Clients, Firm

CHARLESTON, S.C. (AP) — For maybe the last time, Alex Murdaugh, in a prison jumpsuit instead of the suit he used to wear, shuffled into a courtroom Monday in South Carolina and was sentenced to 40 years in federal prison. …

8 04, 2024

Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

By | April 8th, 2024|Uncategorized|Comments Off on Viewpoint: US E&S Sector Is Booming…But Is it Too Much Business to Handle?

Executive Summary: Specialty insurance has experienced significant growth in recent years. Greg Gaydos, senior business development executive at Zywave, looks at the reasons and advises how to best take advantage of its wealth of opportunities. The excess and surplus lines …

3 04, 2024

Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

By | April 3rd, 2024|Uncategorized|Comments Off on Migrants Flown to Martha’s Vineyard by DeSantis Can Sue Charter Flight Company

BOSTON (AP) — Lawyers representing migrants flown to Martha’s Vineyard nearly two years ago by Florida Gov. Ron DeSantis can sue the charter flight company that transported them, according to a ruling Monday by a federal judge in Boston. The …

4 04, 2024

Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

By | April 4th, 2024|Uncategorized|Comments Off on Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis

President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations. The South American nation’s health superintendent will run EPS Sanitas for one year after it failed …

3 04, 2024

Howden to Acquire French Broker OFRACAR

By | April 3rd, 2024|Uncategorized|Comments Off on Howden to Acquire French Broker OFRACAR

Howden, the London-based insurance intermediary group, announced it has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen, thereby expanding its geographical footprint and capabilities to clients in north-west France. Financial details of the transaction …