Monthly Archives: <span>July 2023</span>

Markets/Coverages: Zurich Launches Cyber for Middle Market

Zurich North America introduced a cyber insurance offering designed specifically for middle market businesses. The Zurich Cyber Insurance Policy Concierge Suite includes not only cyber Insurance coverage but also loss-prevention and resilience services such as a breach coach and a …

Rising ‘Anti-ESG’ Sentiment in US Is Impacting Funds, HSBC Says

The backlash against investing strategies that factor in environmental, social and governance issues is rising in the US and is impacting the way managers are thinking about integrating such considerations into their funds, according to a survey by HSBC Holdings …

Automated Weather Insurance Could Offer Help in an Increasingly Hot World

Carlos José Báez experienced the full brunt of Hurricane Maria when it made landfall in Puerto Rico as a catastrophic storm in 2017. The auto paint shop owner, who lives in Aguas Buenas, Puerto Rico, saw his home badly damaged …

Florida Insurers Show a Little Profit in 2023 But Two Join the Watch List

Florida’s beleaguered insurance industry may have turned a corner in 2023, with net income in the black for the first time since 2016 and much smaller underwriting losses than in recent years, according to state regulators’ latest market stability report. …

NSM Acquires Shield Commercial Insurance Services in California

NSM Insurance Group acquired Shield Commercial Insurance Services in Palm Desert, California. Shield specializes in insurance solutions for the general contractor and construction liability space. Shield is focused on underwriting business for small and mid-sized contractors, offering coverages for general …

Boeing 737 MAX Engine Fire at Newark Airport Under Investigation

The U.S. National Transportation Safety Board said on Friday it is investigating an engine fire last week on a Boeing BA.N 737-900 MAX plane operated by United Airlines UAL.O at Newark Liberty International Airport in New Jersey. The NTSB said …

Federal Disaster Declaration Approved for Spring Storm in Maine

President Joe Biden approved a disaster declaration request from Maine, freeing federal aid to help communities recover following a severe storm and flooding in the spring, officials said Friday. The state reported nearly $3 million in infrastructure damage across nine …

Acrisure Brand Roll Out Extends to the West Coast

Several Acrisure Partners in California, Nevada and Hawaii will rebrand to operate as the firm’s West region led by long-time partners Jennifer Anderson and Dan Michelini. In 2023, the Acrisure kicked off efforts to align under the Acrisure brand in …

$40M Lawsuit by Virginia Teacher Who Was Shot: Civil Court or Workers’ Compensation?

Lawyers for a teacher who was shot by her 6-year-old student in Virginia can start the process of interviewing eyewitnesses, reviewing the boy`s disciplinary files and accessing other records for a $40 million lawsuit against the school system, a judge …

Truck Makers Complying with California Rules Phasing Out Gas-Powered Vehicles

Some of the nation`s largest truck makers pledged to stop selling new gas-powered vehicles in California by the middle of the next decade, part of an agreement with state regulators aimed at preventing lawsuits that threatened to delay or block …