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Category: Insurance Journal

Connecticut House Fire Kills 2 Adults and 2 Children, Injures 5 Others
Insurance Journal | August 20, 2025
Connecticut House Fire Kills 2 Adults and 2 Children, Injures 5 Others
A fast-moving fire roared through a Connecticut home early Monday, killing two adults and two children and injuring five other people, including a firefighter, authorities said. The fire in Hartford broke out around 2:30 a.m., and firefighters found heavy flames …
Beshear Bans Designer Xanax Drug in Kentucky as AGs Urge Emergency Action
Insurance Journal | August 20, 2025
Beshear Bans Designer Xanax Drug in Kentucky as AGs Urge Emergency Action
Kentucky Gov. Andy Beshear took emergency action Monday to ban the sale of “designer Xanax,” responding to a request from his state’s attorney general who is leading a broader effort to combat the highly potent synthetic drug linked to dozens …
Pivix Specialty Launches E&S Brokerage Unit With Gramm at Helm
Insurance Journal | August 20, 2025
Pivix Specialty Launches E&S Brokerage Unit With Gramm at Helm
Pivix Specialty Insurance Services Inc., a Scottsdale-based excess and surplus managing general agent distributing through wholesale brokers, has opened a brokerage division. Pivix, which is backed by Ambac Financial Group, Inc., entered the market last fall with a contract binding …
People Moves: Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty; Hiscox Taps AIG’s Bud as Group Head of Technical Claims
Insurance Journal | August 20, 2025
People Moves: Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty; Hiscox Taps AIG’s Bud as Group Head of Technical Claims
This edition of International People Moves details appointments at Markel Canada and Hiscox. A summary of these new hires follows here. Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty Markel Insurance, the insurance operations within …
States Rethink Practice of Setting Speed Limits Based on How Fast Drivers Travel
Insurance Journal | August 20, 2025
States Rethink Practice of Setting Speed Limits Based on How Fast Drivers Travel
Rose Hammond pushed authorities for years to lower the 55 mph speed limit on a two-lane road that passes her assisted living community, a church, two schools and a busy park that hosts numerous youth sports leagues. “What are you …
People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles
Insurance Journal | August 20, 2025
People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles
CNA Financial Corp., headquartered in Chicago, made several leadership appointments across key business segments. David Haas has been appointed president global specialty, where he will oversee financial lines, healthcare, affinity and warranty. A seasoned executive at CNA, Haas most recently …
Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield
Insurance Journal | August 20, 2025
Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield
As Russia held its Victory Day parade this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine. Instead of normal programing, Ukrainian viewers saw parade footage beamed in from Moscow: waves of tanks, soldiers …
Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test
Insurance Journal | August 20, 2025
Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test
Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky bonds that investors said could set the tone for the subordinated debt market. The Restricted Tier 1 bond has an annual coupon of 6.55%, …
Renewables Battling Climate Change Now Need to Insure Against It
Insurance Journal | August 20, 2025
Renewables Battling Climate Change Now Need to Insure Against It
Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose …
Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville
Insurance Journal | August 20, 2025
Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville
Less than a year after it purchased The General auto insurer, Sentry Insurance is leasing 105,000 square feet of office space in Nashville, giving The General new headquarters. The General, one of the largest non-standard auto insurers in the country, …