Front Street Re, an operating subsidiary of Lexasure Financial Group Limited headquartered in Georgetown, Cayman Islands, appointed Edison Fong as CEO. Before joining Front Street Re, Fong was a director at Converge Re and an actuary at Manulife Financial, where …
New York’s St. John’s University announced the appointment of Henry “Hank” Watkins Jr., regional director and president of the Americas at Lloyd’s, as executive director and associate dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial …
A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative AI—which can create text, photos and videos in …
XPT Specialty appointed Suzette Torres as vice president of personal lines. She will help expand the company’s offerings for retail agencies selling specialty products like personal lines property, umbrellas, and other specific coverage needs. With a career spanning more than …
A trial is underway in Virginia that will determine whether state law allows frozen embryos to be considered property that can be divided up and assigned a monetary value. Fairfax County Circuit Court Judge Dontae Bugg heard arguments last Thursday …
For the first time, a Colorado appellate court has concluded that COVID-19 can be an occupational disease that is compensable under the state’s Workers’ Compensation Act. The Colorado Court of Appeals ruling came in a case in which Life Care …
The Maine Bureau of Insurance has approved a 15.7% average rate reduction in workers’ compensation insurance premiums for Maine Employers’ Mutual Insurance Co. (MEMIC), the largest workers’ compensation carrier in the state. The bureau said MEMIC’s rate reduction will save …
BenefitMall appointed Xavier Montes to its individual and senior division (ISD) as the new broker sales executive for California. Montes is based in Whittier, California. Montes has over 25 years of experience in the insurance industry, specializing in medical and …
Connecticut has established a Fallen Officer Fund, which will provide $100,000 to the surviving family members or beneficiaries of any Connecticut local or state police officer killed in the line of duty or who sustained injuries that were the direct …
Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings. Berkshire disclosed the holding in a filing on …
