News

Maui Council to Study Impacts of Eliminating 7,000 Vacation Rentals

Blue Cleaning, a small business in West Maui that spruces up 27 vacation rentals, survived the sharp decline in tourists during the Covid-19 pandemic and after the devastating Aug. 8 wildfire in Lahaina. But now Leo Szakacs-Kekona, who owns and …

Brazilian Butt Lift Clinics Must Now Carry Liability Insurance Under New Florida Law

Practitioners of Brazilian butt lift surgery, repeatedly in the news after infections and at least two patient deaths in south Florida, must now obtain medical malpractice liability insurance, thanks to a bill signed into law last month. House Bill 1561, …

People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty

This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows here. Chubb Promotes Kirk as Division President of Chubb Global Markets Chubb announced that David Kirk has been appointed division …

Rhode Island Bars Auto Insurers From Hiking Rates on Widows and Widowers

A new Rhode Island law prohibits auto insurers from charging policyholders more solely because they have been widowed. The new law bans insurers from treating widows or widowers any differently than married people in terms of classification or rates beginning …

Safety Dangers From Sanctioned Tanker Fleet Growing, Ship Manager Says

Safety dangers are growing from aging and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped providing services to 30 tankers last year after they were sold to companies that did not pass compliance checks. Up …

Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says

Although insurers can help to stop the growth of social inflation, they can’t lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief executive officer of Chubb Limited, explained that social attitudes …

Lloyd’s Opening Miami Office to Support Growth in Latin America and Caribbean

Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its Latin America and Caribbean business. The new office will enable Lloyd’s to realign its resources to centrally support brokers, coverholders …

Should Judge Recuse Himself From Case Involving His Own Insurer?

Liberty Mutual Insurance is pushing for a federal judge in New Jersey to recuse himself from a construction insurance case because he did not disclose that he has been a long-time Liberty insured, a significant claimant, and investigated by the …

Hack That Crippled UK Hospitals Highlights Growing Threat to NHS

In June of last year, a Russian cybercrime gang called BlackCat hacked the Barts Health NHS Trust, a part of the UK’s National Health Service that operates several hospitals in London, and published some of it online in an extortion …

World Hits Streak of Record Temperatures as UN Warns of ‘Climate Hell’

Each of the past 12 months ranked as the warmest on record in year-on-year comparisons, the EU’s climate change monitoring service said on Wednesday, as U.N. Secretary-General AntΓ³nio Guterres called for urgent action to avert “climate hell.” The average global …

News Archives by Month