This edition of International People Moves details appointments at the broker Marsh and the managing general agency Rokstone. A summary of these new hires follows here. Marsh Names Former AXA XL Exec as UK Chair Marsh, the world’s leading insurance …
This post is part of a series sponsored by CoreLogic. The Los Angeles wildfires are now fully contained after weeks of burning. After postponing INTRConnect® 2025 due to these fires, CoreLogic® is now prepared to put on an even more …
New Dates, Same City: The New Importance of INTRConnect 2025 in March Read More »
Another major California insurer is reporting losses in excess of $1 billion from the Los Angeles area wildfires. The Travelers Companies Inc. announced Tuesday it will lose an estimated $1.7 billion from last month’s wildfires, which swept through the region …
Travelers Expecting $1.7 Billion in Catastrophe Losses From LA Wildfires Read More »
Pen Underwriting, the London-based managing general agent, announced a simplified divisional structure to bring together core commercial underwriting capabilities and expertise across the UK and Ireland. Under the central leadership of Sarah Breslin as managing director of the new Commercial …
Pen Underwriting Simplifies Divisional Structure in UK & Ireland, With Breslin at Helm Read More »
Federal cost-cutting initiatives pushed by President Donald Trump have turned their focus to the Federal Emergency Management Agency, where spending on consultants like Deloitte now faces scrutiny. Workers at the agency have been asked to provide by Tuesday evening plain-language …
Trump’s Cost-Cutters Look to Curb Deloitte, Other FEMA Contracts Read More »
Insurers paid out a record £585 million (US$724.7 million) for weather-related damage to people’s homes and possessions in 2024 in the United Kingdom, according to the latest data from the Association of British Insurers (ABI). The record claims come following …
Insurers Pay Record Claims for Weather-Related Damage in UK: ABI Read More »
A section of a major New Jersey highway has been closed due to a sinkhole for the second time in less than two months. Crews are working to repair a sinkhole on the Eastbound side of Interstate 80 in Wharton. …
Second Sinkhole Closes Lanes on New Jersey Highway Read More »
The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in …
Fed’s Powell: Strong Economy Means No Hurry to Cut Rates Read More »
Israel’s financial system shows “high resilience” despite the country’s military conflicts and ongoing geopolitical uncertainty that have persisted for more than a year, the Bank of Israel said in a report on Tuesday. The banking sector’s profits have been boosted …
Israel Financial System Resilient Despite Wars, Central Bank Says Read More »
The New York City Council’s transportation committee heard testimony Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from $200,000 to $50,000 per person, aligning it with the state’s requirement for all …
Bill Aims to Drive Down New York City Taxi Drivers’ Insurance Costs. But Will It? Read More »
