Managing general underwriter Private Client Select Insurance Services, majority owned by Stone Point Capital and American International Group (AIG), said Ross Bowie has been appointed chief executive officer, effective immediately. Ross Bowie Bowie joined Private Client Select in February 2024 as president and chief risk officer. Before joining PCS, Bowie was president and chief underwriting … Read more
Active wind-driven wildfires in Southern California are estimated to have burned more than 1,000 properties and prompted evacuation orders for more than 80,000 residents, leading to what industry watchers say will likely generate large insured losses not seeing in California for a number of years. With the number of burned properties, including in one of … Read more
A Berkshire Hathaway shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett’s conglomerate. Tulipshare, an activist investor group based in London, said on Tuesday it submitted a shareholder resolution for Berkshire’s annual meeting on May 3 to create the committee. It said … Read more
Digital car insurer Clearcover announced the launch of Clearcover General Agency to serve the non-standard auto insurance market in Texas. Policies will be underwritten by Old American County Mutual Fire Insurance Company, bringing Clearcover’s digital-first insurance solutions to more drivers. Clearcover said the move aligns with the company’s broader growth strategy, including plans to expand … Read more
A strong earthquake shook a high-altitude region of western China and areas of Nepal on Tuesday, damaging hundreds of houses, littering streets with rubble and killing at least 126 people in Tibet. Many others were trapped as dozens of aftershocks shook the remote region. Rescue workers climbed mounds of broken bricks, some using ladders in … Read more
The Plexus Groupe, a national commercial insurance brokerage and consulting firm, announced the appointment of Gerald Fawcett as president. Fawcett joined Plexus in February 2020 to lead the Industry and Specialty Practices. He was involved in vetting technology solutions and partnerships to drive profitability and growth, while also assisting with the integration of Plexus acquisitions. … Read more
Oklahoma City and its police department have discriminated against people with behavioral health disabilities, the U.S. Department of Justice said last week after releasing the latest in a series of investigations into state and local law enforcement agencies. In its 45-page report, the DOJ found the city unnecessarily institutionalizes adults with mental illness and that … Read more
Flight cancellations are already piling up as a winter storm bears down on Texas and the US South, bringing snow and ice that could coat power lines and trigger blackouts. As of 7:30 a.m. in New York, at least 169 flights from Dallas-Fort Worth International Airport had been canceled for Thursday, according to FlightAware. Cancellations … Read more
A class-action lawsuit filed Monday alleges the Omaha Housing Authority ignored and failed to eliminate bed bug infestations at high-rise apartments for low-income residents. The new lawsuit, brought by a pioneering firm in bed bug litigation, comes after a challenging year for OHA in which the federally funded agency faced a flurry of court cases, … Read more
Consumers may soon be able to buy electronic products with a label indicating they are “cyber secure,” according to US officials. The White House on Tuesday announced the launch of a new US Cyber Trust Mark, indicating designated items follow best practices to avoid possible hacks. Products with the cyber mark are expected on store … Read more