Industry News
California Utility Slices Power for 800,000 as Wildfire Risks Rise
Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the ...
Argo Group Slapped With SEC Subpoena Regarding Executive Compensation
Argo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting an internal review. The U.S. Securities and Exchange ...
Executives On the Move at Zurich and Guy Carpenter
Guy Carpenter & Co. appointed an interim head of International Facultative Operations, to deal with an executive departure. Zurich Canada brought in an outside executive to run its Travel ...
Florida Personal Lines Insurer Ordered Into Receivership
Florida personal lines insurer Florida Specialty Insurance Co. (FSIC) has been ordered into receivership and will be liquidated after state regulators determined the company is insolvent and unable ...
Blame Game Escalates as UK Argues Brexit Deal is Near Impossible
The blame game over the likely failure to reach a Brexit deal escalated, with the U.K. accusing German Chancellor Angela Merkel of making an agreement effectively impossible. The pound fell. ...
Arch: Dorian, Faxai Caused Up to $75M in Pre-Tax Cat Losses
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...
Cat and Dogs Focus of Marsh, Zurich North America’s New Pet Insurance Program
Marsh and Zurich North America have begun a pet insurance program targeted to cats and dogs in the United States. Known as TrustedPals, the companies bill the effort as a "next generation pet ...
UK’s Johnson Beats Back Scottish Push for Further Brexit Obligations
A Scottish judge refused to put further obligations on U.K. Prime Minister Boris Johnson, saying that his "unequivocal assurances" to seek an extension to the Brexit deadline were sufficient. "There ...