4 10, 2024

Rebuild or What? Florida Towns Hit Three Times by Hurricanes Face Tough Choice

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HORSESHOE BEACH, Fla. (AP) — It was just a month ago that Brooke Hiers left the state-issued emergency trailer where her family had lived since Hurricane Idalia slammed into her Gulf Coast fishing village of Horseshoe Beach in August 2023. …

4 10, 2024

Africa Specialty Risks Begins Operating as Lloyd’s Service Company

By | October 4th, 2024|Uncategorized|Comments Off on Africa Specialty Risks Begins Operating as Lloyd’s Service Company

Africa Specialty Risks (ASR), the pan-African and Middle East-focused reinsurance group, announced that has begun operating as a Lloyd’s service company. As a Lloyd’s service company, ASR’s UK based entity, Africa Specialty Risks Ltd. (ASR Ltd.), is underwriting on behalf …

4 10, 2024

Live Nation Found Not Liable for Death of 3 Campers at Michigan Music Fest

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BROOKLYN, Mich. (AP) — Concert promoter Live Nation isn’t responsible for the deaths of three young men who succumbed to carbon monoxide poisoning from a generator while camping at a Michigan music festival in 2021, the state appeals court said. …

4 10, 2024

Officials Identify Driver Who Crashed Into Texas Pipeline, Sparking Fire

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The driver of a vehicle that crashed into a pipeline valve and sparked a four-day fire that forced the evacuation of nearby neighborhoods in a Houston suburb was a local 51-year-old man, according to police. Remains found in the SUV …

4 10, 2024

People Moves: Ryan Specialty Underwriting Managers Appoints Leadership Team Members

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Ryan Specialty, headquartered in Chicago, named new leadership within its specialty underwriting segment, Ryan Specialty Underwriting Managers (RSUM). Eric Quinn was promoted to executive vice president – capital and product strategy. Quinn joined RSUM through the acquisition of All Risks …

4 10, 2024

Texas AG Sues TikTok For Violating State’s New Social Media Law

By | October 4th, 2024|Uncategorized|Comments Off on Texas AG Sues TikTok For Violating State’s New Social Media Law

Texas Attorney General Ken Paxton sued TikTok on Thursday for sharing and selling minors’ personal information, violating a new state law that seeks to protect children who are active on social media, accusations that the company denied hours later. The …

4 10, 2024

Tesla Recalls Over 27,000 Cybertrucks in Fifth Callback This Year

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Tesla said on Thursday it would recall more than 27,000 Cybertrucks in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. This is the fifth recall issued by Tesla for 2024 …

4 10, 2024

AM Best Withdraws Credit Rating of Farmers Mutual Insurance Co. of Michigan

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AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) and the Long-Term ICR of “b+” (Marginal) of Farmers Mutual Insurance Company …

4 10, 2024

Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group

By | October 4th, 2024|Uncategorized|Comments Off on Optio to Acquire Luxembourg-Based Film and Events MGA, Circles Group

Optio Group, the London-based specialty managing general agent, announced it has acquired the Luxembourg-based MGA, Circles Group for an undisclosed sum, subject to regulatory approval. The acquisition of Circles, Optio’s largest in Europe to date, represents a strategically critical development …

4 10, 2024

California Commissioner Orders 1-Year Moratorium for Residents Affected by Boyles Fire

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California Insurance Commissioner Ricardo Lara issued a mandatory one-year moratorium on insurance companies to preserve residential insurance coverage for more than 16,000 policyholders affected by the Boyles Fire located in Lake County. The commissioner’s order shields those living within the …