The House of Representatives on Monday passed a bill reauthorizing the federal terrorism reinsurance program by a vote of 385-22. The vote came on the Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), a bill introduced by Rep. …
CNA Financial Corp. has achieved an “A+” financial strength rating from Standard & Poor’s, an upgrade made in recognition of the Chicago-based insurer’s efforts to improve its operations and culture. S&P Global Ratings made the upgrade from an initial “A” …
Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd’s syndicate included in Hamilton’s acquisition in August of Liberty Mutual’s Pembroke Managing Agency Limited (now Hamilton Insurance UK Limited). Acappella …
Fire tornadoes are set to become a more common feature of the Australian landscape as climate change takes hold later this century. That’s according to new research from the University of New South Wales’s Climate Change Research Centre in Sydney, …
Sompo International Holdings (SIH), a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced that Mikio Okumura will be appointed chief executive officer effective on January 1, 2020 subject to regulatory approvals. Okumura is succeeding Nigel Frudd, who will still …
A woman injured in the fatal crash of a New Jersey Transit train in 2016 has settled a lawsuit for $1.5 million. LaTonya Story was aboard the train that crashed at Hoboken Terminal, killing one and injuring more than 100 …
A Connecticut woman who says she was sexually assaulted by her Uber driver last year has filed a lawsuit against the ride-sharing app. The Middletown Press reports the lawsuit filed by the 22-year-old woman in Milford Superior Court appears to …
Specialty insurer CFC has appointed Angus Marshall as its Transaction Liability practice leader. Marshall joins CFC from American International Group where he led the UK and London Market mergers and acquisitions (M&A) team for more than four years. Prior to …
Peter M. Bakker Agency was awarded the first insurance agency apprenticeship by the Connecticut Department of Labor’s Office of Apprenticeship Training. The insurance agency apprenticeship program is an initiative by the state to foster the attraction and placement of new …
An insurer for a trucking company involved in a crash that killed seven motorcyclists is asking a judge to divide liability payments among victims and their families. The Boston Globe reports that Pilgrim Insurance Co. filed suit in federal court …
