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Clark Mindock
Published by this author:
NAIC responds to congressional requests for state climate risk info
State regulators have been monitoring climate risk for over a decade.
Clark Mindock
,
September 18, 2024
California announces plans to develop public wildfire cat model
The effort will draw from California’s research and higher education communities.
Clark Mindock
,
September 17, 2024
Dellwood brings on Sloan as director of excess casualty
The executive joins the specialty start-up from Great American Insurance.
Clark Mindock
,
September 17, 2024
Ryan Specialty completes acquisition of Ethos P&C MGUs from Ascot Group
Ethos’ transactional liability MGU is not included in the deal.
Clark Mindock
,
September 16, 2024
Marsh brings Ellis back as head of real estate and hospitality
Ellis will re-join Marsh after leaving in 2019 for a position at AIG.
Clark Mindock
,
September 13, 2024
Jaguar Land Rover target of class action lawsuit over data collection allegations
The lawsuit alleges the data is being used by insurers to increase premiums.
Clark Mindock
,
September 12, 2024
Core Specialty expands into contract surety market
The company sees the surety market as a ‘highly attractive’ segment
Clark Mindock
,
September 12, 2024
AIG hits back against Dellwood’s latest attempt to kill trade secrets suit
The insurer said Dellwood’s "spin" isn’t enough to dismiss the litigation.
Clark Mindock
,
September 11, 2024
Juniper Re hires Aspen’s Russ Wagner to lead facultative division
The executive joins less than a year after Baldwin Group launched Juniper.
Clark Mindock
,
September 10, 2024
Aon’s White Rock sues CCB for $140mn over Vesttoo scandal
White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
Clark Mindock
,
August 29, 2024
Eliminating NFIP on Project 2025 agenda – but is the private market ready?
The Heritage Foundation think tank behind the plan argues that the private sector could do things better.
Clark Mindock
,
August 29, 2024
BHSI promotes Prakash, Yuen to Asian energy, property and construction roles
The promoted employees have all been with BHSI’s Singapore offices for years.
Clark Mindock
,
August 26, 2024
Intact Q3 cat losses to date reach C$1.1bn
The losses are "well above expectations" and above 2024 cat loss guidance.
Clark Mindock
,
August 22, 2024
US judge blocks FTC’s controversial noncompete agreement ban
The decision comes weeks before the rule was set to take effect in September.
Clark Mindock
,
August 21, 2024
Farmers sues three former agents alleging theft of trade secrets, conspiracy
The suit also charges the agents with unjust enrichment and contract breach.
Clark Mindock
,
August 19, 2024
California entering ‘final phase’ in cat model regulations: CIC Lara
The regulations have been officially published online, with a hearing to be held next month.
Clark Mindock
,
August 16, 2024
Another judge blocks FTC noncompete ban, this time in Florida
The ruling only applies to a Florida retirement community.
Clark Mindock
,
August 16, 2024
Hawaii judge blocks insurers from pursuing independent Maui wildfire litigation
Independent litigation threatened a $4bn settlement with wildfire victims.
Clark Mindock
,
August 15, 2024
Texas AG sues General Motors, alleging unlawful driver data collection
Lawsuit claims GM unlawfully sold data to insurers collected from 1.5m drivers.
Clark Mindock
,
August 15, 2024
Moody’s RMS models project Hurricane Debby losses at under $1.5bn
Moody’s also predicts losses to the NFIP at less than $300mn.
Clark Mindock
,
August 14, 2024
Consumer advocates say CA Fair Plan reforms may not be legal
Insurance industry representatives meanwhile say they’re common sense and necessary.
Clark Mindock
,
August 14, 2024
Democrats ask NAIC for climate risk update in insurance markets
A letter wants an update on progress towards addressing climate-related financial risks.
Clark Mindock
,
August 13, 2024
Insurers should look to cyber for lessons in climate risk: CT commissioner Mais
Commissioner Andrew Mais said AI is also a priority for regulators.
Clark Mindock
,
August 13, 2024
Georgia, Louisiana eye tort reforms for 2025: reports
Reforms would seek to tamp down legal costs that can drive insurance costs up.
Clark Mindock
,
August 12, 2024
AM Best removes Accredited from under review, affirms A- FSR
The action follows the completed acquisition of Accredited by Onex Partners.
Clark Mindock
,
August 09, 2024
Only one claim post-Debby so far: American Coastal president Martz
The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
Clark Mindock
,
August 07, 2024
Heritage sees positive reserve development after closing Irma claims: CFO
CFO Lusk said the company is about 99.2% closed on claims from the 2017 storm.
Clark Mindock
,
August 07, 2024
Hawaiian Electric announces $4bn settlement with Maui wildfire victims
Insurers and victims must reach an agreement on how to handle the proceeds.
Clark Mindock
,
August 05, 2024
Fairfax confident in reserving after hard market build: COO Clarke
The company recorded an undiscounted CoR of 93.9% in Q2.
Clark Mindock
,
August 02, 2024
Dellwood again asks court to dismiss AIG's 'unlawful misappropriation’ suit
Dellwood claims allegations in AIG’s latest filing are still barred by res judicata.
Clark Mindock
,
August 01, 2024
Amazon legally responsible for recall of more than 400,000 faulty products
The unsafe products were sold on Amazon’s marketplace by third-party sellers.
Clark Mindock
,
July 31, 2024
Intact needs to ‘double down’ on climate adaptation: CEO Brindamour
Low Q2 cat losses spurred combined ratio improvement, but wildfires and floods loom.
Clark Mindock
,
July 31, 2024
After a record year for litigation funding reform laws, could more be on the way?
Three states passed restrictions on commercial litigation funding in 2024.
Clark Mindock
,
July 31, 2024
NJ judge finds former AFL exec Finch liable for fraud
The judge relied heavily on a previous UK court decision.
Clark Mindock
,
July 29, 2024
CDI Commissioner Lara reaches agreement with Fair Plan on reforms
The reforms will be included in a new plan of operation for the state’s insurer of last resort.
Clark Mindock
,
July 26, 2024
Universal ‘turned from cautiously optimistic to optimistic’ on tort reforms: CEO
The CEO noted that the tort reforms have not led to rate pressure yet.
Clark Mindock
,
July 26, 2024
Homeowners sue California Fair Plan over inadequate coverage
The proposed class says the plan does not cover smoke damage.
Clark Mindock
,
July 25, 2024
Hawaii wildfire victims seeking to block insurers from settlement money
The victims claim insurers shouldn’t get settlement cash before they’re made whole.
Clark Mindock
,
July 23, 2024
Lockton, execs ordered to pay $3mn for breach of contract, aiding and abetting
Lockton EVP Matthew Simmons was ordered to pay $1.9mn of the total award.
Clark Mindock
,
July 23, 2024
SiriusPoint names Axis’ Gonzalez global head of ceded reinsurance
The executive will replace Habib Kattan, who joined the company last summer.
Clark Mindock
,
July 22, 2024
The Woodlands closes IPO with $187mn in gross proceeds
The Texas-based broker will use proceeds to pay debt, consider acquisitions.
Clark Mindock
,
July 19, 2024
Tornadoes, hail and wind spur $30bn in US claims in H1: WTW
The year lags behind the pace of loss set in 2011, but a potentially active summer looms.
Clark Mindock
,
July 18, 2024
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