A group of insurance companies filed a subrogation lawsuit against Norfolk Southern seeking to recoup on claims paid to cover damages from the February 2023 train derailment and subsequent release of toxic chemicals in East Palestine, Ohio, according to documents filed at the U.S. District Court for the Northern District of Ohio.
Tag: insurance
Insurance Critical to Mobilizing $10 Trillion of Committed Climate Transition Investment: Howden
According to a new report from Howden, more than half of the $19 trillion committed to financing the climate transition through to 2030 will require additional insurance, suggesting that corporations should engage the industry from an early stage in their climate risk management planning to secure adequate supply of capacity and long-term coverage.
Lloyd’s Reports Outstanding 2023 Results
Lloyd’s, the world’s leading marketplace for insurance and reinsurance, today announces its Full Year 2023 financial results, which demonstrate solid profitability on both the underwriting and investment sides, and a strong balance sheet.
Gamma Iota Sigma Unveils 2023 Recruiting Survey Data at 52nd Annual International Conference
Gamma Iota Sigma (GIS), America’s premier risk management, insurance and actuarial science-focused collegiate talent organization gathered 900 industry professionals and students and faculty from 69 colleges and universities for its 52nd Annual International Conference in Baltimore on September 28 and 29.
Colorado Wants to Prevent AI-Driven Discrimination in Insurance
Colorado officials want to ensure that residents’ social media habits, credit scores and other less traditional customer data cannot be used against them when shopping for insurance.
FTX’s Crash Exposed Insurance Challenges that Risk Impeding the Crypto Sector Recovery
Digital-asset platforms lack insurance unlike stock brokerages.
Private Equity Taps Insurers’ Cash to Speed Up Growth
Investment firms on the cutting edge of finance are turning to one of Wall Street’s oldest industries to help them grow: insurance.
Insurance Companies Are Refusing to Cover Certain Hyundai and Kia Models
Two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal.
Verisk to Help Insurers Respond to Changing Wildfire Regulatory Environment in CA
Verisk is ready to assist the industry in navigating new wildfire regulatory requirements in California.
Beazley: Inflation Worries Businesses and Their Insurers
The war in Ukraine has rapidly disrupted global trade in key commodities like grain, oil and gas, exacerbating an existing background of energy shortages and rising costs. It is therefore not surprising that our latest Risk and Resilience survey shows inflation, in particular, is one of the key factors worrying business leaders, nor that they… Continue reading Beazley: Inflation Worries Businesses and Their Insurers