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Today’s Insurance News
Source: Insurance Journal
  • People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE AsiaPeople Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia
    This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows here. Verisk Promotes Rayner to President of Specialty Business Solutions Verisk, the global data analytics provider, announced that Tim Rayner … Read more »
  • Agents: Fourth of July Brings Risks & ClaimsAgents: Fourth of July Brings Risks & Claims
    It has been a few years. Policyholders may have forgotten about that last barbeque mishap in their backyard. Maybe the memory has gotten hazy about that one time their college roommate drove home when they should not have. Perhaps their … Read more »
  • New Alabama, Georgia Laws Taking Effect Today Indirectly Affect Insurance
    Several Alabama and Georgia laws that could indirectly affect property, liability and workers’ compensation insurance take effect today, July 1. Alabama House Bill 108 requires the state Elevator Safety Review Board to review, within 12 months of their publication, new … Read more »
  • Regulator Bars Texas Plant Restart Over Safety Concerns
    The second-biggest U.S. liquefied natural gas export facility hit by fire earlier this month will not be allowed to repair or restart operations until it addresses risks to public safety, a pipeline regulator said on Thursday. The June 8 blast … Read more »
  • Vertafore Acquires MGA SystemsVertafore Acquires MGA Systems
    Insurance technology vendor Vertafore reports that it has acquired MGA Systems, a provider of software for managing general agencies based in Melville, New York. Vertafore said the acquisition gives its customers access to policy administration and rating programs that will … Read more »
  • New NHTSA Chief: Agency to Scrutinize Auto-Driver TechnologyNew NHTSA Chief: Agency to Scrutinize Auto-Driver Technology
    The new head of the government’s road safety agency says it will intensify efforts to understand the risks posed by automated vehicle technology, so it can decide what regulations may be necessary to protect drivers, passengers and pedestrians. In an … Read more »
  • Tropical Storm Bonnie Forms Near Nicaragua in Caribbean
    Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but isn’t a major threat to oil and gas production in the Gulf of Mexico. With winds of 40 miles (64 … Read more »
  • Supreme Court Declines to Hear New York Vaccine Mandate for Health Workers
    The Supreme Court declined on Thursday to take up a case involving a COVID-19 vaccine requirement for health care workers in New York that does not offer an exemption for religious reasons. The court’s action follows a decision in December … Read more »
  • Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher ReFlorida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re
    Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40% in the United States overall, reinsurance broker Gallagher Re said on Friday, as reinsurers grappled with higher inflation and natural … Read more »
  • 2 Workers Presumed Dead in Texas Trench Collapse
    Two workers were presumed dead after a trench they were digging for a sewer line in Texas on Tuesday collapsed and buried them, officials said. The workers were digging a 24-foot-deep (7-meter-deep) in new subdivision under development in Jarrell, about … Read more »
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