A ski lift accident that sent a gondola falling to the ground at Sunday River Resort in western Maine could have been far more serious. There was only one occupant in the gondola, which has a capacity of eight riders, …
U.S. broker Brown & Brown Inc. has entered into an agreement to acquire Global Risk Partners (GRP) from its private equity owner Searchlight Capital Partners L.P. The acquisition, which is subject to regulatory approval, is expected to close in the …
Another federal appellate court ruled Monday that a business interruption caused by COVID-19 does not amount to a physical damage or loss covered by a commercial property insurance policy. A panel of the 4th Circuit Court of Appeals affirmed the …
Insurance technology provider Zywave has agreed to offer an $11 million fund to settle a class-action lawsuit related to a data breach at a company it acquired in 2020. A proposed class-action suit was filed against Insurance Technologies Corp. (ITC) …
The Vermont Supreme Court has denied a bid by a manufacturer of asbestos products to bypass Vermont law in determining the allocation of losses for insurance purposes. In so doing, the Vermont court sided with Ambassador Insurance Co., which has …
Flood warnings stretched across Australia’s east coast on Tuesday and tens of thousands of Sydney residents fled their homes as torrential rains again pummeled the country’s largest city, flooding several big suburbs. Australia’s eastern rivers were already near capacity following …
The Worldwide Broker Network (WBN), the global network of independent insurance brokers and employee benefits consultants, announced that Specialist Risk Group (SRG) has joined as a new member of the network in the United Kingdom. Headquartered in London, SRG is …
Insurance broker Gallagher has launched a new business in the Dubai International Financial Centre (DIFC) to support clients across the Middle East and Africa with its specialty and facultative reinsurance solutions. The business will benefit from Gallagher and MIG Group’s …
Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate. “I was just 15 feet away when it hit our ship. Our third engineer, …
Experts have warned for decades that a large swath of the central U.S. is at high risk for a devastating earthquake. They know that overcoming complacency is among their biggest hurdles. Hundreds of emergency managers, transportation leaders, geologists and others …
