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Oil Slick Off Texas Coast Tied to Abandoned Platform in Gulf

Federal and state officials are developing plans to respond to an oil sheen in the Gulf of Mexico tied to an abandoned platform at least eight miles off the Texas coast. State officials were notified about the apparent spill on …

People Moves: Venbrook’s Student Insurance Adds MacDonald; Conner Strong & Buckelew Names Leung

Student Insurance, a Venbrook subsidiary and part of Venbrook Benefits, headquartered in Los Angeles, named Jessica MacDonald vice president of sales. Based in Boston, MacDonald has over 20 years of experience specifically in student health. She most recently served as …

Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage

Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley industries around the world, but the theme of policy language is reoccurring for a cyber insurance industry not known for …

St. Pete Approves New Rays Ballpark and Redevelopment of Current Site

ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays are on track to get a long-sought new ballpark following a city council vote Thursday on a major redevelopment project that also guarantees the team will stay where it is for …

Treasury Warns That Anti-Woke Banking Laws Like Florida’s Are Security Risk

WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter …

Buffett’s PacifiCorp Suspected of Collusion by Wildfire Victims’ Law Firms

The law firms leading class-action litigation against PacifiCorp over the 2020 Labor Day weekend wildfires in Oregon want to examine whether the utility owned by Warren Buffett’s Berkshire Hathaway is colluding with other law firms to reach lowball settlements with …

Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement

A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a wrench into a tentative $4 billion deal to settle their claims. The lawsuit filed Friday in state court in Maui …

What Role Does Insurance Play in a Politically Charged Climate?

Law enforcement officials are continuing to investigate a July 13 shooting at a Butler, Pa. rally for former President Donald Trump’s 2024 election campaign. During the incident, the former president was injured, one spectator was killed, and two more were …

People Moves: WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, Garrard Appointed Chair; Everest Names McBride, Garcia for Key Claims Roles

This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of these new hires follows here. WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, as Garrard Becomes Chair Insurance …

Somali Piracy Revives Sharply After Years of Quiet

Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year, the industry’s main observer of the crime said. There were eight acts of piracy and hijackings in the first half …

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