The U.S. property/casualty insurance industry reported its first full-year underwriting gain in four years, fueling a jump in net income to $170 billion, according to a joint report from Verisk and The American Property Casualty Insurance Association (APCIA). The global …
US P/C Insurance Industry Income Tops $100B in 2024: Verisk, APCIA Read More »
MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to €1 billion (US$1.1 billion) in cover annually for Ukraine’s small-and-mediums-sized enterprises (SMEs). The innovative scheme, developed in partnership with the European Bank for Reconstruction …
Markets/Coverages: MS Amlin Binds Reinsurance Facility to Cover Ukraine’s SMEs Read More »
Marsh, headquartered in New York City, appointed Fran Curran as U.S. surety leader and Todd Schweitzer as U.S. construction claims leader. Based in Philadelphia, Curran is a 24-year veteran of Marsh who most recently served as the Southeast surety practice …
The Delta Air Lines Inc. plane that flipped over as it landed in Toronto last month was warned about its rate of descent, according to a preliminary report released Thursday by the Transportation Safety Board of Canada. The CRJ-900 regional …
Delta Pilots Warned on Rapid Descent Before Toronto Jet Flipped Read More »
Britain’s financial regulator fined the London Metal Exchange on Thursday for allowing nickel prices to surge out of control three years ago in the first ever enforcement action against a UK exchange. The Financial Conduct Authority imposed a penalty of …
UK Watchdog Fines London Metal Exchange Over Handling of 2022 Nickel Crisis Read More »
Germany has confiscated a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, the Spiegel news magazine reported on Friday, citing security …
Germany Confiscates Tanker Belonging to Russian ‘Shadow Fleet,’ Spiegel Reports Read More »
Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …
Lloyd’s Register to Sell Modern Tower and Return to Victorian HQ Read More »
The Texas Senate on Wednesday passed a state ban on all forms of tetrahydrocannabinol, or THC, advancing a priority of Lt. Gov. Dan Patrick to crack down on the state’s booming consumable hemp market six years after lawmakers inadvertently permitted …
Texas Senate Passes Ban on Hemp Read More »
A gust of wind sweeps over bare soil, kicking up enough dirt and dust to cut visibility to nearly zero, and for drivers, the dust storm seems to come out of nowhere. Such conditions resulted in a pileup on Interstate …
Highway Pileup in Kansas Shows How Dust Storms Can Turn Deadly Read More »
The company behind an $8.9 billion carbon-capture pipeline proposed for five Midwestern states said Wednesday it wants to indefinitely delay its plans after South Dakota passed a law limiting its ability to acquire land for the project. But even as …
Carbon-Capture Pipeline Faces Delay After S.D. Eminent Domain Ban Read More »
