For the fifth consecutive year, insured losses from natural catastrophes are expected to be at or above global reinsurers’ budget expectations, but their very strong capital adequacy continues to provide a cushion, according to S&P Global Ratings. “The top 21 …
This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of these new hires follows here. Aon Appoints WTW’s Forsgård as CEO for Nordic Region Insurance broker Aon plc announced the …
The former owners of a Salem property recklessly cut corners that probably led to the release of asbestos during demolition at the site, the state attorney general’s office said in a lawsuit. The office alleges in the suit, filed this …
Environmental regulators in Maine will soon undertake a statewide investigation to find concentrations of long-lasting environmental pollutants. The investigation stems from the state’s efforts to mitigate a class of chemicals known as PFAS, which are also called “forever chemicals.” The …
U.S. safety investigators want to know why Tesla didn’t file recall documents when it updated Autopilot software to better identify parked emergency vehicles, escalating a simmering clash between the automaker and regulators. In a letter to Tesla, the National Highway …
Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of elixir. Six states now allow or require insurers …
Mosaic Insurance has opened an office in New York City. This is its first U.S.-based physical address for a growing number of employees. The Midtown South office, which will accommodate members of Mosaic’s cyber and transactional liability lines, along with …
A key Southern California highway closed for days because of a wildfire was reopened Thursday evening but authorities warned that flames still posed a threat to remote properties in a coastal mountain range. The Alisal Fire has charred more than …
A fire has destroyed a school in an eastern Washington town. Lincoln County Sheriff Wade Magers said the fire at Almira Elementary and Middle School started around 4:30 p.m. Tuesday. Classes and after school activities had been canceled because of …
The city of Seattle has agreed to pay $515,000 to settle a civil-rights lawsuit filed by the estate of Iosia Faletogo, who was shot and killed by police after a foot chase across Aurora Avenue North on New Year’s Eve …