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Troubled California Gas Facility Has One Third of Wells Shut Down

The largest gas storage facility in the West halted using a third of the wells pumping methane underground at high pressure just weeks after it resumed operations following a blowout that crippled it for nearly two years. Southern California Gas …

Chubb Names Capparelli as North America Global Casualty Executive VP

Chubb has appointed Lou Capparelli as executive vice president of its Global Casualty business unit, which provides a full range of domestic and foreign casualty insurance coverage offerings to large national and multinational companies within the company’s North America Major …

QBE Group CEO Neal to Exit; Regan to Succeed Him in January

QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in the role. The board of directors has appointed Patrick Regan, chief executive officer Australian and New Zealand operations and previously …

Florida on Alert for AOB Abuse as Irma Recovery Begins

As Florida residents return home after being evacuated by Hurricane Irma, the pressure is on the insurance industry to keep a bad situation regarding assignment of benefits abuse in the state from getting worse. Florida regulators, carriers, industry trade groups …

Statewide Municipal Group in Vermont May End Town’s Insurance Coverage

The Vermont League of Cities and Towns is considering defeat for the town of Victory, Vt. The Caledonian-Record reports two of Victory’s selectmen were sent a letter from the nonprofit that provides insurance to municipal governments, explaining the town was …

Colony Specialty Appoints York as North Region Casualty Manager

Colony Specialty, a member of Argo Group International Holdings Ltd., has appointed Mike York as regional manager of the North Region within its U.S. Casualty Division. York will report to Tim Williams, vice president of underwriting at Colony Specialty. In …

New York’s Brady Risk Program Managers Hires Three

Brady Risk Program Managers and its partner companies, Tritan Risk Management Group and Healthcare Risk Management Group, have announced that Michael McKeown has joined the firm as senior vice president of brokerage and program management services. In this role, McKeown …

CopperPoint Acquires Pacific Compensation Insurance in California for $150M

CopperPoint Mutual Insurance Co. announced it has entered into a definitive agreement to acquire California-based workers’ compensation carrier Pacific Compensation Insurance Co. from Alleghany Insurance Holdings LLC for $150 million in cash. The combined book of underwriting business for the …

Munich Re Embraces Driverless Future with Mobileye Fleet Product

Auto insurers, faced with rising accident rates and the emergence of autonomous vehicles that could make them obsolete by removing human error, have reason to love and hate driverless technology. Munich Re, the world’s biggest reinsurer, has decided to embrace …

Hurricane Irma May Push Island States to Seek Climate Change Aid

Devastation from Hurricane Irma in the Caribbean will sharpen the demands from small island nations that top fossil-fuel consumers help them cope with damage attributable to climate change, according to representatives of some of those countries. That will put island …

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