A Lynnwood, Wash., man is suing after police raided his apartment and later determined they had the wrong address. Juan Alberto Castaneda Miranda said agents burst into his apartment in 2018, according to a pair of lawsuits filed in Snohomish …
This edition of International People Moves details appointments at Ed Bermuda, Mosaic Insurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Ed Bermuda Names Marsh’s Juul as Head of Casualty Ed, the London-based reinsurance, …
Since the pandemic began, most of the COVID-19-related business interruption disputes have not gone in favor of the policyholders, especially in federal court. More than 90% of motions to dismiss in federal lawsuits, in fact, have been upheld in cases …
The UK’s Competition and Markets Authority (CMA) said today that it is investigating the anticipated acquisition of the treaty reinsurance business of Willis Towers Watson by Arthur J. Gallagher & Co. In a brief statement, which says the probe was …
Connecticut’s Paragon Insurance Holdings Hires Koller Paragon Insurance Holdings hired Duffy Koller as president of its newly formed casualty excess and surplus practice. In this role, he will focus on construction, manufacturing and distribution, as well as premises liability on …
The Morse Insurance Agency Inc. merged with the Habig & Magoon Insurance Agency on October 1, 2021. In the mid-1980s, the Morse Insurance Agency’s first merger, between the David R. Morse Insurance Agency and the John I. Lowndes Insurance Agency, …
InsurTech NY, a resource for the InsurTech community in the New York metro area, announced the launch of its Insurance Collaboration Index. Based on input from InsurTech executives, the index scores insurance and reinsurance companies on their willingness and ability …
Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately US$12 billion. The insurer also updated its own loss estimate for the July floods at approximately US$520 million. Mid-July’s intense …
On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the range of $28–30 billion, excluding federal flood insurance losses. Hurricane Ida, the second-most intense hurricane on record to hit the …
A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in June, killing 98 people. A Dubai-based billionaire bid $120 million to buy the property, although an auction may be held …
