News

Coalition Starts Reinsurance Intermediary Coalition Re Led by Aspen Capacity

Coalition today announced the creation of its reinsurance intermediary, Coalition Re, to provide capacity for cyber reinsurance treaties and expand on its mission to protect more unprotected businesses. Coalition Re provides capacity for non-proportional cyber reinsurance treaties, as well as …

Hertz Tower Demolition Marks End of Hurricane-Damaged Landmark in Lake Charles

BATON ROUGE, La. (AP) — An abandoned, 22-story building in Lake Charles, Louisiana — once an icon in the city that became a symbol of destruction from hurricanes Laura and Delta — was imploded Saturday after sitting vacant for nearly …

Single-Engine Plane Crash in Indiana Kills 4

ANDERSON, Ind. (AP) — A single-engine plane traveling from Iowa to Indiana crashed in a central Indiana cornfield Friday, killing everyone on board, authorities said. The plane left Fort Dodge, Iowa, just after 6:45 a.m. and was projected to land …

Wisconsin Officials Recall Eggs After Salmonella Outbreak

Wisconsin health officials initiated a recall of eggs following an outbreak of salmonella infections among 65 people in nine states that originated on a Wisconsin farm. The Wisconsin Department of Health Services said in a statement Friday that among those …

Zurich, Marsh McLennan Call for Public Partnerships to Close Cyber Gaps

A new report from Marsh McLennan and Zurich titled “Closing the cyber risk protection gap” is calling for a closer collaboration between the insurance industry and the public sector as cyber insurance coverage gaps remain. “Both the insurance industry and …

Google Abusing Power Over Website Ads, UK Regulator Says

Britain’s antitrust regulator said on Friday it had provisionally found Alphabet’s Google had abused its dominant position in digital advertising to restrict competition. The Competition and Markets Authority (CMA) said it believed Google was using anti-competitive practices in open display …

Brokerage Giants Aon, Marsh Unite In Call for Industry Aid to Ukraine

Highlighting the existence of blanket exclusions in reinsurance contracts for risks originating in the region impacted by the ongoing Russia Ukraine conflict, Aon and Marsh McLennan are jointly calling for their removal. In a joint statement issued on Sunday, the …

Clyde & Co: First-Half Carrier M&A Activity Falls to 15-Year Low

The first half of 2024 set a 15-year low for first-half insurance carrier mergers and acquisitions, according to Clyde & Co’s latest Mid-Year Growth Report. The number of insurance carrier M&A transactions completed in the first six months of this …

Chrysler-Parent Stellantis Recalls 1.46 Million Vehicles Worldwide

Chrysler parent Stellantis said Saturday it is recalling 1.46 million vehicles worldwide due to a software malfunction in the anti-lock brake system that can increase the risk of a crash. The recall includes nearly 1.23 million Ram 1500 trucks from …

Fourth Coal Miner This Year Killed in West Virginia

CHARLESTON, W.Va. (AP) — A coal miner was killed on the job in West Virginia on Friday night, Gov. Jim Justice said. The Republican governor said Gary Chapman, 33, of South Williamson, Kentucky, died after being injured at the Mountaineer …

News Archives by Month