By David Voreacos Jan 17, 2025, 2:56 PM Word Count: 346 (Bloomberg) — The New Jersey attorney general’s office cleared state law enforcement officials of wrongdoing in a corruption case involving former US Senator Robert Menendez, who awaits sentencing after …
NJ Officials Cleared of Wrongdoing in Menendez Corruption Case Read More »
Many drivers feel ready to tackle Pacific Northwest winter weather. A poll shows 59% of Northwest drivers report feeling comfortable driving in snow and ice. PEMCO Mutual Insurance polled Washington and Oregon drivers for their perceptions about their own driving …
Poll: Two-Thirds of Northwest Drivers Feel Comfortable Driving in Snow And Ice Read More »
The Professional Insurance Wholesalers Association (PIWA) and the New England Surplus Lines Association have merged. The combined organization will operate under the PIWA name and serve excess-and-surplus wholesalers throughout the Northeast. The organization serves as a resource for wholesale brokers …
New York, New England Surplus Lines Insurance Groups Merge Read More »
Moody’s RMS Event Response said insured losses for the January 2025 Los Angeles fires will likely fall in the $20 billion to $30 billion range. The Jan. 17 estimate from Moody’s RMS came a day after CoreLogic put out a …
Moody’s RMS Adds to LA Fires Insured Loss Estimates With Range of $20B-$30B Read More »
The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. RiverStone International, a holding company that acquires insurance businesses, has leased the final remaining floor at 22 Bishopsgate, …
City of London’s Tallest Tower Fully Leased With RiverStone International Deal Read More »
Four of Canada’s biggest banks are leaving the industry’s top climate-finance alliance, joining Wall Street peers and extending an exodus that started in early December. Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, Bank of Montreal and National Bank of Canada …
Four Canadian Banks Quit Climate Group as Exodus Begun by Wall Street Picks Up Read More »
Companies transporting their products around the world are not ready to return to the Red Sea trade route in the wake of a Gaza ceasefire deal because of uncertainty over whether Yemen’s Houthis will continue to attack shipping, industry executives …
Red Sea Trade Route to Remain too Risky Even After Gaza Ceasefire: Industry Executives Read More »
The European Commission intends to propose a ban on the use of PFAS, or “forever chemicals,” in consumer products, with exemptions for essential industrial uses, the EU’s environment chief told Reuters. PFAS, or Perfluoroalkyl and Polyfluoroalkyl Substances, do not break …
EU Plans Ban on ‘Forever Chemicals’ in Consumer Products Read More »
The Louisiana Citizens Property Insurance Corporation (Louisiana Citizens) Board of Directors voted last week to end the 1.36% assessment it makes on all residential and commercial property insurance policies in the state in April of this year. The assessment, which …
Louisiana Citizens Ends Assessment on Property Policies Ahead of Schedule Read More »
Rural Mutual Insurance Company and Badger Mutual Insurance Company, with a combined 227 years of providing farm, commercial, and personal policies, have finalized their affiliation agreement based on regulatory approval from the Wisconsin Office of the Commissioner of Insurance (OCI) …
Wisconsin’s Rural Mutual and Badger Mutual Finalize Affiliation Agreement Read More »
