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Four Dead in Plane Crash off Florida’s Gulf Coast

The bodies of two men and two women have been recovered following a small plane crash just off Florida’s Gulf Coast, police said Thursday. The plane had just taken off from Venice Airport when it crashed into the Gulf of …

NC Senate Approves Bill Giving Lawmakers, Insurance Commissioner More Appointments to Boards

The North Carolina General Assembly would get to choose more members of several powerful state commissions, including the Utilities Commission, an economic investment committee, and environmental and health boards, under legislation approved by the Republican-controlled Senate on Thursday. The elected …

Russia’s GAZ Group Files $348M Suit Against Volkswagen

The Gorky Automobile Plant, part of Russia’s GAZ Group which was contracted to assemble cars for Volkswagen, has filed a lawsuit to recover 28.4 billion roubles ($348 million) from the German automaker, court records show. The lawsuit, details of which …

Florida Officials Cut Key Data from Vaccine Study, Report Finds

An analysis that was the basis of a highly criticized recommendation from Florida’s surgeon general cautioning young men against getting the COVID-19 vaccine omitted information that showed catching the virus could increase the risk of a cardiac-related death much more …

Markets/Coverages: Canopius U.S., MGA Falvey Partner to Offer Inland Marine Coverage

Canopius Group, a global specialty re/insurer, announced a new partnership with managing general agent Falvey Insurance Group (FIG) to offer inland marine coverage in the United States. This marks the first time that Canopius U.S. and Falvey will be writing …

Catastrophe Losses Drive 2021 U.S. P/C Insurer Impairments: AM Best

Seventeen U.S. property/casualty insurance companies became impaired in 2021, with seven of the impairments driven by catastrophe losses from hurricanes, primarily in Louisiana and Florida, according to an AM Best report. In addition to the five Louisiana-domiciled companies and two …

Lead Paint Testing Firm Executives Accused of Marketing Faulty Devices

Three former executives of a company that makes machines that test lead levels in humans deliberately concealed a problem with the devices that produced falsely low results for tens of thousands of children, federal prosecutors in Boston said last week. …

AM Best Places Ratings of R&Q and Subsidiaries Under Review with Neg. Implications

AM Best has placed under review with negative implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of R&Q Insurance Holdings’ three wholly owned program management subsidiaries: Accredited Surety and Casualty Co. …

Toronto Office Vacancies Hit 28-Year High as Remote Work Persists

The office vacancy rate in downtown Toronto reached its highest point since 1995 as the persistence of remote work damps companies’ need for space in Canada’s most-populous city. The vacancy rate in the city core, home to the largest Canadian …

Viewpoint: Optimizing Agency Relationships; A Data-Driven Approach to Premium Growth

Reported demise of the independent insurance agency as a sales and distribution channel have been greatly exaggerated. Over the course of a decade or more of predictions about the growth of the direct-to-consumer models, independent agents continue to thrive and …

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