California Insurance Commissioner Ricardo Lara on Thursday ordered insurance companies to preserve residential insurance coverage following Gov. Gavin Newsom’s latest wildfire emergency declarations. Lara’s order shields policyholders within the wildfire perimeter or in adjacent ZIP codes of the Mosquito and …
Climate change combined with a third consecutive La Niña is “not a good thing,” a scientist is warning. Jonathan Overpeck, a climate scientist, professor and dean of the School for Environment and Sustainability at the University of Michigan, wrote this …
The Louisiana Department of Insurance (LDI) and Habitat for Humanity will hold a hurricane preparation session at Mandeville Community Center on September 26, 5:30 p.m. The session, Insurance Information on Preparing for Hurricane Season, will take policyholders through the components …
The Board of the Texas Windstorm Insurance Association selected its chief legal and legislative officer, David Durden, to be the association’s next General Manager after an extensive months-long search process, effective October 1, 2022. TWIA Board chair Chandra Franklin Womack …
Google Cloud and The Travelers Companies said they are working together to create a cloud-based data ecosystem that will help Travelers’ underwriters more efficiently evaluate risks for large and middle market businesses The data ecosystem, built on Google Cloud, will …
AM Best said it expects insured losses from Hurricane Fiona in Puerto Rico to be influenced by business interruption caused by widespread power outages but losses should be manageable for the industry. “It could take some time for claims adjusters …
Markel Promotes Maxwell to Managing Director, Commercial Excess Wholesale Markel Corporation has appointed Sarah Maxwell managing director, commercial excess wholesale, for the Markel Specialty division. Maxwell joined Markel in 2009 and most recently served as senior director, commercial excess casualty …
This edition of International People Moves details appointments at Strategic Risk Solutions and Markel International. A summary of these new hires follows here. Strategic Risk Solutions Taps Marsh’s Meindersma to Lead Canada Expansion Strategic Risk Solutions (SRS), the independent insurance …
Union Bay Acquisition, a new aggregator of insurance agencies agent based in Princeton, New Jersey, reports it has acquired Farrell Insurance Associates Inc. of Lansdale, Pennsylvania. Terms were not disclosed. Jerry Farrell, who founded Farrell Insurance Associates in 1996, has …
Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury. The electric vehicle manufacturer told the National Highway Traffic Safety Administration (NHTSA) it …
