5 12, 2024

Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules

By | December 5th, 2024|Uncategorized|Comments Off on Target Must Face Shareholder Lawsuit Over Pride Backlash, Judge Rules

Target has failed to persuade a judge in Florida to dismiss a lawsuit that accused the retailer of deceiving shareholders after its sales of LGBTQ-themed merchandise for Pride Month sparked a backlash and a customer boycott. U.S. District Judge John …

10 12, 2024

People Moves: DUAL North America Appoints Casualty Underwriting Leaders

By | December 10th, 2024|Uncategorized|Comments Off on People Moves: DUAL North America Appoints Casualty Underwriting Leaders

DUAL North America, headquartered in Naples, Florida, appointed Andreas Graham as executive vice president of the EIURS team, a division of DUAL, and Ed Frey as senior vice president of professional liability. Based in Boston, Graham will lead the EIURS …

13 12, 2024

AIG Leads Launch of Reinsurance Syndicate at Lloyd’s

By | December 13th, 2024|Uncategorized|Comments Off on AIG Leads Launch of Reinsurance Syndicate at Lloyd’s

American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd’s. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on AIG’s outwards reinsurance program. The syndicate, which will be managed …

4 12, 2024

Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy

By | December 4th, 2024|Uncategorized|Comments Off on Slain UnitedHealth Executive Puts New Focus on CEO Safety Policy

The UnitedHealth Group Inc. executive who was fatally shot in New York on Wednesday morning had no personal security detail, a circumstance that could prompt swift changes inside corporate boardrooms, especially as the global political environment grows more unstable. Brian …

10 12, 2024

Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run

By | December 10th, 2024|Uncategorized|Comments Off on Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run

After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase in extreme weather — 2024 marked the ninth straight season in which the Atlantic basin suffered above-average storm activity — …

4 12, 2024

Minnesota Company Fined $730K After Worker Drowns Removing Lake Weed

By | December 4th, 2024|Uncategorized|Comments Off on Minnesota Company Fined $730K After Worker Drowns Removing Lake Weed

The Minnesota Department of Labor and Industry’s (DLI’s) Minnesota OSHA (MNOSHA) Compliance announced it has has issued a $730,000 penalty to Your Lake Aquatic Plant Management, LLC, in Columbia Heights, Minnesota, for commercial diving standard violations after a worker drowned …

10 12, 2024

How Underground Abandoned Mines Pose Danger When Land Collapses

By | December 10th, 2024|Uncategorized|Comments Off on How Underground Abandoned Mines Pose Danger When Land Collapses

Swaths of Pennsylvania and many other states are honeycombed with old, unstable mines that can cause the earth to suddenly give way and threaten people and property. That’s what searchers in Westmoreland County, just southeast of Pittsburgh, fear led to …

13 12, 2024

Nonstandard Auto Segment Posts Profit for First Half 2024

By | December 13th, 2024|Uncategorized|Comments Off on Nonstandard Auto Segment Posts Profit for First Half 2024

While publicity about personal auto insurer initiatives has focused chiefly on requested rate increases, there’s more to the picture regarding auto insurers’ efforts to improve underwriting results after two calendar years of record underwriting losses. Improving the overall quality of …

10 12, 2024

Allianz Raises Financial Targets for Next Three Years

By | December 10th, 2024|Uncategorized|Comments Off on Allianz Raises Financial Targets for Next Three Years

Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year, the company said on Tuesday. Shares in Allianz fell 1.3% by 0832 GMT. The operator of the PIMCO brand sees …

10 12, 2024

Alliant Acquires Union First in California

By | December 10th, 2024|Uncategorized|Comments Off on Alliant Acquires Union First in California

Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region. Union First is a benefits consulting and third-party administration firm serving public safety labor associations, including police, firefighters and deputy …