With heavy snow and ice on the way, North Carolina’s governor on Tuesday issued an emergency declaration, waiving weight and registration checks for some trucks and hourly limits on drivers delivering essential items. The waivers could potentially play a role …
NC Governor Waives Weight Limits, Truck Driver Hourly Limits as Winter Storm Hits Read More »
CFC Launches Cyber Portfolio Quoting for American Brokers CFC said it has launched a new service to automate quoting for up to thousands of policies. Initially available for CFC’s cyber products, US brokers can now bulk quote their entire book …
The family of a Connecticut man killed in the January 29 collision of an American Airlines plane with a military Black Hawk helicopter over the Potomac River has filed a $250 million claim against the government. A Chicago law firm, …
Family of Man Killed in Copter-Plane Midair Collision Files $250 Million Claim Read More »
Howden, the London-based global insurance intermediary group, announced the acquisition of aviation specialists Forbes Insurance Ltd., and the acquisition of the book of business from Hill Aviation Insurance Services Ltd. Financial details of the acquisitions were not disclosed. Forbes Insurance …
Howden Acquires Forbes Insurance and Hill Aviation in UK Read More »
While writing primary casualty insurance is more appealing than writing casualty reinsurance, the chief executive of Arch Capital said casualty reinsurance business remains attractive for his company. Speaking during an earnings conference call on Feb. 10, after reporting $3.5 billion …
Casualty Reinsurance Still Attractive: Arch Capital CEO Read More »
This edition of International People Moves details appointments at Hamilton Global Specialty and QBE European Operations. A summary of these new hires follows here. Hamilton Global Specialty Promotes Thorp as Head of Space, Golder as Head of Treaty Hamilton Global …
U.S. personal injury law firm Morgan & Morgan sent an urgent email this month to its more than 1,000 lawyers: Artificial intelligence can invent fake case law, and using made-up information in a court filing could get you fired. A …
AI ‘Hallucinations’ in Court Papers Spell Trouble for Lawyers Read More »
Apollo, the London-based insurance group, announced they have expanded their offering into drone product liability. Apollo is providing the capacity for this product liability offering as part of an existing binder with Moonrock, the specialist managing general agent. Moonrock has …
Markets/Coverages: Apollo Expands Into Drone Product Liability Cover Read More »
Dream, an artificial intelligence company that provides cybersecurity services to governments and critical infrastructure operators such as hospitals and utilities, has raised $100 million at a $1.1 billion valuation. Bain Capital Ventures led the round and was joined by investors …
Bain Capital Backs Israeli AI Cybersecurity Startup Dream at $1.1 Billion Valuation Read More »
Catastrophe bonds, whose returns have consistently trounced those of high-yield debt markets in recent years, are about to become accessible to a wider group of investors. An exchange-traded fund based on a portfolio of as many as 75 of the …
Ex-PIMCO Executive to Run World’s First Catastrophe-Bond ETF Read More »
