» Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC
17/06/26 00:13 from Insurance Journal
Appetite from insurance mergers and acquisitions remains, but the industry’s use of artificial intelligence is expected to enter the equation to affect strategies. According to finding from PwC, the insurance sector logged about $29.6 billion in deal value from 191 …
» Evergrande Liquidators Seek to Quash Regulator’s PwC HK Deal
17/06/26 00:05 from Insurance Journal
China Evergrande’s liquidators have asked a court to void a HK$1 billion ($127.6 million) shareholder compensation deal a regulator struck with PricewaterhouseCoopers’ Hong Kong affiliate. The fund was part of an agreement with Hong Kong’s Securities and Futures Commission in …
» To Carriers’ Relief: New Florida Rule Won’t Count Mediation Requests as Complaints
17/06/26 00:02 from Insurance Journal
At long last, Florida property insurers may be thinking, state regulators have revised a consumer complaint tabulation methodology that many had criticized as skewed, unrealistic and out of line with most other states. Under Rule 69O-138.003, published last week, the …
» Second Firefighter Dies From Injuries at Maine Lumber Mill Explosion
17/06/26 00:00 from Insurance Journal
A second firefighter has died from injuries suffered while fighting a fire and explosion at a Maine lumber mill last month. The May 15 fire at Robbins Lumber in Searsmont sent plumes of black smoke into the sky and necessitated …
» Russian Warship Fires Warning Shots Near British Yacht
16/06/26 14:14 from Insurance Journal
The UK is investigating the firing of warning shots by a Russian warship near a British yacht just outside of its territorial waters. The UK received reports from a UK-registered yacht alleging Russia’s Admiral Grigorovich-class frigate fired the shots at …
» People Moves: Lockton Appoints Lespérance as CEO of Canadian Business; Aon Taps Marsh’s Desmond as Head of Construction for UK Commercial Risk
16/06/26 11:16 from Insurance Journal
This edition of International People Moves details appointments at the brokers Lockton and Aon. A summary of these new hires follows here. Lockton Appoints Lespérance as CEO of Canadian Business Lockton, the privately held independent insurance brokerage, announced the appointment …
» ANV Agrees to Buy Open Lending Corp in All-Cash Deal
16/06/26 10:22 from Insurance Journal
ANV Group Holdings Ltd. said it has entered a definitive merger agreement with Open Lending Corporation. ANV said it will acquire all outstanding shares of Open Lending common stock for $3.15 per share through an all-cash tender offer. The transaction …
» Alabama GOP Dismisses Tuberville Residency Challenge Brought by Insurance Agent
16/06/26 10:20 from Insurance Journal
The Alabama Republican Party said U.S. Sen. Tommy Tuberville will remain the party’s gubernatorial nominee, rejecting a claim on Sunday that he had not lived in the state long enough to run for governor. The unanimous decision came after the …
» People Moves: Lawley Expands Team Across Its Footprint
16/06/26 10:18 from Insurance Journal
Lawley, headquartered in Buffalo, New York, named three new team members. Stéphane Legris, insurance advisor, based in Buffalo and serving the Saratoga, New York region. As an insurance advisor, Legris specializes in business insurance, captive solutions, and construction, transportation, and …
» Latent Construction Defects: Hidden Source of Disputed Losses in Fast-Built Texas
16/06/26 09:59 from Insurance Journal
A nail driven through a supply line during original construction. It happens more often than most claims professionals would expect. In one North Texas home, the fastener sat embedded in the pipe wall for years, gradually weakening the line until …
» Lawsuit Dismissed of Ex-Yosemite Ranger Fired for Hanging Transgender Flag
16/06/26 09:53 from Insurance Journal
A federal judge has dismissed a lawsuit brought by a former Yosemite National Park ranger who was fired after flying a giant transgender pride flag from a rock wall that looms over the California park’s main thoroughfare. U.S. District Judge …
» Markets/Coverages: Nationwide, Barn Owl Partner to Monitor Rural Property Owners
16/06/26 09:53 from Insurance Journal
Insurer Nationwide looks to its customers in taking a new approach to rural property monitoring through a relationship with Barn Owl, a provider of solar-powered, cellular-connected remote camera systems designed specifically for farms, ranches and rural agribusiness operations. Nationwide said …
» People Moves: Cincinnati’s Kellington to Retire as CTO, Osborn to Assume Position
16/06/26 09:48 from Insurance Journal
Cincinnati Financial Corporation announced that John S. Kellington, chief information officer and executive vice president for its lead subsidiary, The Cincinnati Insurance Company, will retire August 7. Kellington joined the company in 2010 as a proven insurance and technology leader. …
» Skydiving Plane Crash Brings Attention to Industry’s Weak Oversight
16/06/26 09:45 from Insurance Journal
Poor maintenance is often a factor when skydiving planes crash like one did in Missouri on Sunday, and the National Transportation Safety Board has said in past investigations that weak oversight of the skydiving industry can allow problems to go …
» Texas Flood Threat Persists as Gulf System Nears Storm Status
16/06/26 09:40 from Insurance Journal
The threat of floods continues across Texas, northeast Mexico and the US Gulf Coast as tropical moisture pours into the region and the odds rise that the Atlantic’s first named storm of the year could develop late Tuesday or early …
» AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced
16/06/26 09:36 from Insurance Journal
Mostly complicated risks are presented with the proliferation of data centers across the U.S. to bolster critical infrastructure for artificial intelligence. A new report from AM Best outlines “substantial insurance demand” evolving for the warehouse-sized facilities of computer servers. “With …
» Almost All of World’s Children Exposed to Climate Hazards, UN Agency Says
16/06/26 09:08 from Insurance Journal
Almost all of the world’s children are exposed to at least one climate hazard, with as many as 1.8 billion put in danger by droughts and 1.2 billion by extreme heat, the United Nations Children’s Fund (UNICEF) said in a …
» Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse
16/06/26 09:01 from Insurance Journal
The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …
» Allianz Is Said to Lead Bidding for HSBC Life Singapore
16/06/26 08:40 from Insurance Journal
Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, people familiar with the matter said. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, according to …
» Fertilizer Ships Face Long Backlog Even if Hormuz Reopens
16/06/26 08:28 from Insurance Journal
An interim US-Iran deal to end their months-long war and potentially fully reopen the Strait of Hormuz is unlikely to immediately ease fertilizer flows as shipowners wait for more details to assess the safety of transits. A vital conduit for …