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

Irish Court Case on Russia Jet Insurance Claims to Begin on June 11

Ireland’s High Court is to begin hearing a dispute around insurance claims for aircraft stuck in Russia on June 11, a week later than scheduled, after parties in the case asked for additional time to prepare, a court spokesman said …

Kentucky Families Struggling After Being Hit Second Time by Tornadoes

BARNSLEY, Ky. (AP) — Devin Johnson’s life was uprooted for a second time when a tornado flattened his home over the Memorial Day weekend — on the same lot in Kentucky where another storm left him homeless in 2021. Johnson, …

Latest Texas Storms Bring Damaging Winds, Baseball-Sized Hail

HOUSTON (AP) — Strong storms with damaging winds and baseball-sized hail pummeled Texas on Tuesday, leaving one person dead and about 1 million businesses and homes without power as much of the U.S. recovered from severe weather, including tornadoes, that …

Texas Panhandle Braces for Damaging Hail and Wind: Weather Watch

Severe thunderstorms are set to sweep across Texas Panhandle, including Lubbock and Amarillo on Thursday. The risk will drop on Friday and Saturday but destructive systems will still be possible, the US Storm Prediction Center said. “A tumultuous weather pattern …

Property-Catastrophe Reinsurance Rates Drop by 5% at June Renewals: Howden Re

Property-catastrophe rates saw some moderating trends during the June 1 reinsurance renewals, with average risk-adjusted rates-on-line decreasing by 5% within a typical range of -7.5% to -2.5%, according to Howden Re, the reinsurance business of Howden. These decreases follow a …

32.7M Homes at Risk of Hurricane Damage, CoreLogic Report Shows

More than 32.7 million residential properties from Texas to Maine are at risk of moderate or severe damage sustained from hurricane-force winds, a new report shows. The large number of at-risk homes in CoreLogic’s 2024 Hurricane Risk Report, which comes …

Ex-Employee Accuses Private Equity Firm of Retaliatory Firing Over Complaint

A former executive assistant at One Equity Partners sued the private equity firm on Wednesday, claiming she was subjected to sexist and racist conduct and was fired for complaining about it. Dianna Toomey, an Arab American of Lebanese descent, said …

People Moves: Ryan Specialty Promotes Pouliot to Chief Reserving Officer

Ryan Specialty, headquartered in Chicago, promoted Derek Pouliot to chief reserving officer of Ryan Specialty Underwriting Managers (RSUM). In his expanded role, Pouliot is responsible for valuation of underwriting results for all business written by RSUM, including portfolio analysis, risk …

Robot to Remove Melted Nuclear Fuel From Japan’s Damaged Fukushima Reactor

The operator of Japan’s destroyed Fukushima Daiichi nuclear power plant demonstrated Tuesday how a remote-controlled robot would retrieve tiny bits of melted fuel debris from one of three damaged reactors later this year for the first time since the 2011 …

SambaSafety and The National Alliance Unveil 2024 Driver Risk Report: Key Trends Shaping Automotive Mobility

Austin, TX, May 30, 2024 – The National Alliance for Insurance Education and Research has partnered with SambaSafety, a leading provider of cloud-based risk management solutions, to release a new research report, titled: “2024 Driver Risk Report: Key Trends Shaping …