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News

Insurance Journal delivers the latest business news for the Property/Casualty insurance industry
  1. The United States and the Philippines are the countries hit hardest by climate-driven extreme weather, measured as a percentage of their economies, according to a report released Wednesday by global reinsurance giant Swiss Re. The US currently experiences the worst …
  2. A coal company owned by West Virginia’s governor has been found in contempt of court and must face fines of $2,500 a day until it pays its contractual obligations to its workers’ compensation insurance carrier, a federal judge decided. BrickStreet …
  3. The U.S. environment regulator said on Tuesday it is launching new cleanup projects at 25 hazardous waste sites from New Jersey to Oregon with $1 billion in funds. The sites are in the Environmental Protection Agency’s Superfund program, originally created …
  4. Boeing it must develop a comprehensive action plan to address “systemic quality-control issues” within 90 days, the U.S. Federal Aviation Administration said Wednesday, following an all-day meeting with the planemaker’s CEO Dave Calhoun the day before. “Boeing must commit to …
  5. This edition of International People Moves details appointments at AXIS Capital Holdings and Xenia Broking Group. A summary of these new hires follows here. AXIS Names Lord as Global CIO, Barriero as Head of Strategic Sourcing, Corporate Real Estate AXIS …
  6. The U.S. Department of Justice said a record 543 settlements and judgements under the False Claims Act resulted in about $2.7 billion in the fiscal year ending Sept. 30, 2023. The amount of settlements and judgements was a 54% increase …
  7. A Virginia deputy sheriff must face a jury over whether his shooting to death of a dog was justified or if it was unconstitutional before it can be determined if he is entitled to qualified immunity, a federal appeals court …
  8. Ageas said it is considering a possible offer for Direct Line Insurance Group Plc, outlining a bid for the UK insurer that would be at a premium of 42.8% to the Tuesday closing price. The Belgian insurer said in a …