Life Insurance

Tiesi Joins Canopius as US Head of Financial Lines

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Tiesi Joins Canopius as US Head of Financial Lines

John Tiesi Canopius Group, headquartered in Chicago, named John Tiesi as U.S. Head of Financial Lines. Tiesi leads the financial lines portfolio across Canopius’ U.S. operations. Tiesi has over 25 years of experience in financial and professional liability underwriting, with expertise in supporting financial and commercial institutions across the middle market. He joins Canopius from […]

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Hurricane Melissa to Bring Wet, Windy Weather to Northern Europe

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Hurricane Melissa to Bring Wet, Windy Weather to Northern Europe

Hurricane Melissa is forecast to dissipate in the Atlantic Ocean next week, bringing wet and windy weather to northern Europe after wrecking havoc across the Caribbean. The record-setting storm left a trail of destruction in Cuba, Haiti and Jamaica, causing at least 33 deaths and almost $8 billion in damage. Now a weakened Category 1

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Alabama DOI Says Captive Moratorium Does Not Apply to Foreign RRGs

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Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Eight months after it declared a moratorium on the licensing of captive insurance companies and risk retention groups, the Alabama Department of Insurance has posted a clarification. The March bulletin and an extension of the moratorium issued in September do not apply to foreign (non-Alabama) risk retention groups, Insurance Commissioner Mark Fowler said in the

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Aon’s Q3 Organic Growth of 7% Outperforms Expectations

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Aon’s Q3 Organic Growth of 7% Outperforms Expectations

Insurance broker Aon reported strong third quarter revenue of $4.0 billion, an increase of 7% from $3.7 billion reported for Q3 2024. Organic revenue rose 7% during Q3, which was level with last year’s third quarter, but beat Wall Street analysts’ expectations. Meyer Shields, a managing director at Keefe, Bruyette & Woods (KBW), said the

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Wildfire Forces Rural Community in Southern Texas to Evacuate

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Volvo Launches Independent Agency; Arden’s Wildfire Program Backed by SiriusPoint

Thick smoke blanketed a rural community in southern Texas and many residents were ordered to evacuate as firefighters worked to contain a blaze Wednesday evening, officials said. The Mill Fire in Gregory, Texas, about 150 miles (80.5 kilometers) southeast of San Antonio, had grown to 15 acres and officials had contained about 50% of it,

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Detroit to Pay Nearly $6M in Death Connected to Bus Driver with Many Crashes

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Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

The city of Detroit has agreed to pay $5.85 million to settle a lawsuit over the death of a pedestrian who was struck by a city bus, the second fatality involving the same driver since 2015. Wayne County Judge Kathleen McCarthy signed off on the deal last week, court records show. Janice Bauer, 67, was

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Trump Administration Moves to Nix State Laws Shielding Credit Reports From Medical Debt

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Trump Administration Moves to Nix State Laws Shielding Credit Reports From Medical Debt

The Trump administration is moving to overrule any state laws that may protect consumers’ credit reports from medical debt and other debt issues. The Consumer Financial Protection Bureau has drafted what’s known as an interpretative rule related to the Fair Credit Reporting Act, interpreting the law in a way that says the FCRA should preempt

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Georgia Man Charged Again in Selling Fake Workers’ Comp Insurance Certificates

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Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

A Georgia man has been arrested for at least the second time in four years, charged with posing as an insurance agent and selling fake workers’ compensation policies. Fernando Jose Cuellar Membreno, 54, was arrested in August after an investigation by the Georgia Board of Workers’ Compensation found that Membreno had been operating under several

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Maryland Insurers Must Disclose Use of Claims History for All P/C Lines

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Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Maryland’s insurance commissioner is advising insurers that if they consider claims history in deciding whether to cancel or non-renew coverage, they must disclose this practice at the inception of a policy and at each renewal for all lines of property/casualty insurance including commercial lines. In a draft bulletin, Insurance Commissioner Marie Grant indicated that her

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SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting

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SEC ‘Prioritizing’ Trump’s Push to Cull Quarterly Reporting

Wall Street’s main regulator said it is “prioritizing” a proposal from Donald Trump to reduce the frequency of corporate earnings reports, after the president again stepped into a long-running debate over transparency in American capitalism. The Securities and Exchange Commission said in a statement it is pursuing a proposal to “further eliminate unnecessary regulatory burdens

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