Monthly Archives: <span>March 2024</span>

Tokio Marine Has $10 Billion for Potential Acquisitions: Executive

Tokio Marine could potentially spend around $10 billion on overseas acquisitions and is patiently tracking public companies around the world, the co-head of the Japanese insurer’s expanding international business told Reuters. Tokio Marine’s international business has grown to more than …

Own Your Potential: The National Alliance Launches Exclusive 8-Week Coaching Program for Experienced Insurance Producers

Austin, TX., March 18, 2024– The National Alliance for Insurance Education & Research proudly announces an exclusive 8-week online coaching program, set to run from April 22 to June 10, 2024. Designed specifically for seasoned insurance producers, this program aims …

Climate Change Speeds Up as Major Indicators Blow Off the Charts, WMO Warns

All the major indicators of climate change smashed historic records last year, with some rising so steeply that the United Nations’ World Meteorological Organization warned they were “off the charts.” The lives of millions of people were upended by natural …

Iowa Agrees to Speed Up Access to Civil Court Cases

DES MOINES, Iowa (AP) — The state of Iowa will provide “contemporaneous” access to newly filed civil court cases to settle a lawsuit that accused the state of violating the First Amendment by delaying access to those filings, the Des …

Vale Faces $3.8 Billion Claim in Dutch Case Over Mariana Dam Break in Brazil

Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands, their lawyers said on Tuesday. The compensation …

Marsh: Transactional Risk Insurance ‘Remained Resilient’ in 2023

Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acquisitions & Alliances showed 39,603 …

Loan Deadline Looms for China Life Canary Wharf Tower

China Life Insurance Co. is in crunch talks with lenders to an office tower in Canary Wharf to help stave off the locality’s third potential major default, as the eastern financial district of London grapples with some of the city’s …

650,000 Residential Properties Hit by Severe Hail in Central US Storms

A severe convective storm system spawned softball-sized hail and destructive tornadoes across the central U.S. last week, leaving meteorologists to speculate if warmer winter weather is behind the storm outbreak. As parts of the Midwest recover from the March 13-14 …

Shadow-Fleet Oil Tanker Damaged in Collision Near Denmark

A tanker from the shadow fleet of ships assembled to carry Russian oil was involved in a collision near Denmark, casting fresh light on the risks vessels with unknown ownership pose to the world’s oceans. The incident, which involved the …

Markets/Coverages: CFC Introduces Carbon Delivery Insurance Policy

Specialty insurer CFC announced its entry in the carbon insurance market with the launch of a groundbreaking new product. CFC said its new carbon delivery insurance is the first to cover both the physical and political risks faced by businesses …