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UK Insurers Call for Rule Change to Establish Captive Insurance Regime

Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth billions of pounds as part of a drive to boost competitiveness. Executives have written to Chancellor Rachel Reeves calling for …

Rhode Island Sues 13 Firms That Worked on Troubled Washington Bridge

Rhode Island Gov. Dan McKee announced Friday that the state has filed a lawsuit against 13 companies that provided design, construction and inspection services related to the troubled Washington Bridge. The bridge was partially shut down over safety concerns in …

People Moves: Rokstone Appoints Burrow Head of US Excess Casualty; Canopius Hires Mills to Head US Casualty

Rokstone, part of the Aventum Group, appointed Laurence (Larry) Burrows as head of a new US Excess Casualty division. Burrows has over 15 years of experience specializing in US casualty, latterly as a liability underwriter for Convex for the last …

Europe’s $42 Billion Effort to Fight Wildfires Is an Uphill Battle

Europe is spending tens of billions of euros a year to fight wildfires, yet it hasn’t stopped blazes from flaring up across Greece and other parts of the continent this summer. This week fires on the outskirts of Athens engulfed …

The Huge Profits Investors Have Made on Catastrophe Bonds Are Raising Eyebrows

A strategy that’s delivered specialist investors huge returns is now facing scrutiny, amid concerns that its risk-reward dynamics might be skewed against some issuers. Catastrophe bonds, which are issued by insurers, reinsurers and governments seeking an extra layer of disaster …

Ford Recalls About 85,000 Explorer SUVs Over Engine Fire Risk

Ford Motor is recalling about 85,000 Explorer SUVs equipped with the Police Interceptor Utility package over concerns of an engine fire, the National Highway Traffic Safety Administration said on Friday. In the event of a motor failure, oil and fuel …

Freeway Drives Six New Franchises in Southeast, California

Freeway Insurance, a division of Confie, a large personal lines agency and brokerage in the United States, has expanded with six new franchises in Florida, Georgia, Tennessee and California. In south Florida James Ospina will head the office in Boynton …

Family Settles with Officer Whose K9 Killed an Alabama Man in 2018

MONTGOMERY, Ala. (AP) — The family of a man killed by a police dog in Montgomery, Alabama, has agreed to settle its federal lawsuit against the police officer who handled the animal, but their lawyers said Friday that they plan …

South Florida Man Charged with Unlicensed Public Adjusting in 2022

Investigators with Florida’s Department of Financial Services last week charged a south Florida man with acting as a public adjuster without a license and defrauding policyholders of more than $34,000. It’s the second time in 14 months Giorgio Giovanni Gonzalez …

People Moves: The Liberty Company Names Gaston Managing Director, Entertainment and Johnson Vice President, Producer

The Liberty Company named Erin Gaston managing director, entertainment and Alex Johnson vice president and producer. Gaston, who is based in California, previously served as managing director at Momentous Insurance Brokerage, a Marsh & McLennan Agency LLC. She will service …

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