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Energy Transer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says
Posted inInsurance

Energy Transer Fuel Leak in Pennsylvania Lasted 16 Months, PHMSA Says

A pipeline operated by Energy Transfer LP leaked jet fuel for at least 16 months, contaminating residential water wells in Pennsylvania, and the conduit may be at risk for further…
Posted by fastnewsbreak February 28, 2025
Boston’s Safety Insurance Show Fourth Quarter Profits
Posted inInsurance

Boston’s Safety Insurance Show Fourth Quarter Profits

Safety Insurance Group Inc. (SAFT) on Tuesday reported profit of $8.1 million in its fourth quarter. On a per-share basis, the Boston-based company said it had net income of 55…
Posted by fastnewsbreak February 28, 2025
MGA Pen Expands International Cover for UK Recruitment Agencies
Posted inInsurance

MGA Pen Expands International Cover for UK Recruitment Agencies

Pen Underwriting, the London-based managing general agent, has expanded and enhanced its specialist insurance proposition for recruitment agencies, to support clients’ international growth strategies and help them respond to increasing…
Posted by fastnewsbreak February 28, 2025
UK Sets Out Reforms to Address Failures in Grenfell Tower Fire
Posted inInsurance

UK Sets Out Reforms to Address Failures in Grenfell Tower Fire

The UK set out a raft of reforms designed to improve building safety, as it aims to clamp down on failures that contributed to the Grenfell Tower fire. The government…
Posted by fastnewsbreak February 28, 2025
US GDP Could Take a Big Hit From Climate Change by 2100, Study Shows
Posted inInsurance

US GDP Could Take a Big Hit From Climate Change by 2100, Study Shows

A working paper from the U.S. Congressional Budget Office recently estimated the distribution of changes in gross domestic product in the year 2100 resulting from changes in temperature. And it…
Posted by fastnewsbreak February 28, 2025
BIPA Litigation May Subside but Don’t Sleep on Compliance
Posted inInsurance

BIPA Litigation May Subside but Don’t Sleep on Compliance

Reforms in 2024 to Illinois’ Biometric Information Privacy Act may have slowed the frequency and severity of litigation, but there remain significant consequences for violation of the law. Insurance Journal…
Posted by fastnewsbreak February 28, 2025
Florida’s Baldwin Group Reports $20M Q4 Loss, Universal Earned $6M Profit
Posted inInsurance

Florida’s Baldwin Group Reports $20M Q4 Loss, Universal Earned $6M Profit

Two major, publicly traded Florida insurance companies reported fourth-quarter earnings, with the Baldwin Insurance Group, Inc. (BWIN) noting a loss of $20.2 million in its fourth quarter. On a per-share…
Posted by fastnewsbreak February 28, 2025
Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment
Posted inInsurance

Norfolk Southern Wins Dismissal of Bondholder Lawsuit Over Ohio Train Drailment

A federal judge on Thursday dismissed a lawsuit accusing Norfolk Southern NSC.N of causing hundreds of millions of dollars of losses for bondholders by concealing safety risks prior to the…
Posted by fastnewsbreak February 27, 2025
AXA CEO Says Prevention Needed to Keep Home Insurance Affordable
Posted inInsurance

AXA CEO Says Prevention Needed to Keep Home Insurance Affordable

A leading insurance executive said the best way to keep price increases in check for property insurance in regions exposed to climate change is to mitigate the impact of natural…
Posted by fastnewsbreak February 27, 2025
Templar Specialty Expanding Executive and Professional Liability Insurance Offerings
Posted inInsurance

Templar Specialty Expanding Executive and Professional Liability Insurance Offerings

Templar Specialty announced that it is now expanding its executive and professional liability insurance offerings to include excess and A-side Directors & Officers coverage to public companies. This follows the…
Posted by fastnewsbreak February 27, 2025

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