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8 07, 2022

Chicago Insurance Broker Saves Young Boy’s Life in July 4 Parade Shooting

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A woman, stunned and speechless in the chaos of a July 4 parade massacre, walked up to Greg Ring and handed him a 2-year-old boy, covered in blood. Ring had fled the scene in the Chicago suburb of Highland Park …

8 07, 2022

People Moves: Robnett Appointed to Texas Mutual Board of Directors

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Kevin Robnett of Fort Worth has been appointed to the Texas Mutual Insurance Company board of directors by Gov. Greg Abbott. His board term for Texas Mutual, the state’s leading provider of workers’ compensation insurance, will expire on July 1, …

8 07, 2022

Jobs Blowout Cements Case for Another Big Fed Rate Hike

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Another blowout jobs number and continued wage growth will likely stiffen resolve at the Federal Reserve for another three-quarter point rate increase at the central bank’s July meeting, as the welcome news of a still strong job market clashes with …

8 07, 2022

People Moves: United Fire Group Names Weidwinger as President, CEO; Sentry Adds Schenker as Head of Specialty

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United Fire Group Names Kevin Weidwinger as new President and CEO United Fire Group, Inc. named Kevin Leidwinger as its new president and chief executive officer. An insurance executive with more than 30 years in the industry, Mr. Leidwinger will …

8 07, 2022

Coalition Closes $250M in Series F Funding, Bringing Its Valuation to $5B

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Coalition announced it has raised an additional $250 million to accelerate its growth, power international expansion and broaden the services it offers to help organizations manage digital risk. This funding round closed in June with participation from Allianz X, Valor …

8 07, 2022

Miller Acquires Tokyo-Based Broker Lead Insurance Services

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Miller, the independent specialist re/insurance broker, announced the acquisition of Lead Insurance Services Ltd. Lead is based in Tokyo, Japan, and the acquisition cements a longstanding relationship between the two businesses. Founded in 1994, Lead specializes in hull, war risks …

8 07, 2022

ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks

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A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least 70 billion euros ($71.1 billion) for the euro zone’s largest banks, the European Central Bank said on Friday. The ECB …

8 07, 2022

Insurance Losses From Sydney Floods Approach A$100M: ICA

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Insurers have received 8,415 claims as a result of July’s floods in Sydney, carrying an initial estimated insurance price tag of A$97.9 million (US$66.8 million), according to the Insurance Council of Australia (ICA). The ICA said 84% of the claims …

8 07, 2022

UK Judges Clear Path for $7B Suit Against BHP Over Deadly Brazil Dam Collapse

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UK judges paved the way for a group of more than 200,000 people to bring a suit against BHP Group Ltd. over its role in the deadly collapse of a mining dam in Brazil. The appeal judges overturned a lower …

8 07, 2022

Vermont Man Facing Murder, Insurance Fraud Charges Seeks Release From Custody

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The Vermont man charged with killing his mother at sea in a plot to inherit millions of dollars has asked a federal court to authorize his release from custody pending trial. The attorneys for Nathan Carman filed a motion Wednesday …