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Insurer USAA Expands Presence in Virginia With Purchase of Building
Insurer USAA, which serves military veterans and their families, has purchased a new, larger office space in Chesapeake, Virginia to accommodate its expanding membership and workforce. Through the expansion, USAA said it expects to add 500 new jobs to the …
POSTED JUNE 13, 2025 6:00 PM |
People Moves: Beazley Taps Swiss Re’s Wunderlich as Head of Parametric Insurance; QBE Promotes Browne to UK Casualty Director
This edition of International People Moves details appointments at Beazley and QBE Insurance. A summary of these executive hires follows here. Beazley, headquartered in London, appointed Stefan Wunderlich as head of parametric insurance. Reporting to Richard Montminy, group head of …
POSTED JUNE 13, 2025 2:33 PM |
New Oklahoma Law Limits Post-Loss Assignment of Benefits on Property Damage
Oklahoma lawmakers this legislative session passed a bill limiting post-loss assignment of benefits for property damage under auto, residential or commercial property insurance policies. House Bill 1084 prohibits the solicitation or acceptance of an assignment of any post-loss insurance benefit …
POSTED JUNE 13, 2025 2:06 PM |
California, 10 Other States Sue to Block Trump From Killing 2035 EV Rules
A group of 11 states led by California on Thursday filed suit challenging a repeal by Congress of the state’s 2035 electric vehicle rules and heavy duty truck requirements. U.S. President Donald Trump on Thursday signed three resolutions approved by …
POSTED JUNE 13, 2025 1:54 PM |
European Homeowners Battle Insurers Over $2.9 Trillion Climate Risk
When Bernard Weisse first noticed a tiny crack in the outer wall of his house on the outskirts of Paris, he dismissed it as little more than a nuisance. But in the four years since, a spiderweb of fissures has …
POSTED JUNE 13, 2025 1:16 PM |
Families of People Killed in Georgia Ferry Dock Collapse Sue Companies That Built it
Relatives of seven people who drowned in waters off a Georgia island after a ferry dock walkway collapsed announced Wednesday they filed a lawsuit against the companies that designed and built it. Dozens of people were standing on the metal …
POSTED JUNE 13, 2025 1:15 PM |
JetZero to Build $4.7B Next-Gen Plane Plant in NC With Up to 14,500 Jobs
JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startup intends to …
POSTED JUNE 13, 2025 12:50 PM |
Update: Ships Warned to Avoid Red Sea, Log Hormuz Voyages After Israel Hits Iran
Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel’s large-scale attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region. Iran has in the past …
POSTED JUNE 13, 2025 12:26 PM |
Regulators Are Harming UK as a Financial Center, Lords Warn
A culture of risk aversion and mission creep among UK financial regulators is undermining trust and placing costly burdens on banks and insurers, an influential group of parliamentarians found. The House of Lords Financial Services Regulation Committee said officials need …
POSTED JUNE 13, 2025 11:25 AM |
‘I Got Up and Ran’: How One Man Survived Plane Crash That Killed 241
As Air India Flight AI171 descended toward its doom on Thursday, Ramesh Vishwaskumar sat in the first row of economy class — headed for one of the most harrowing and luckiest moments of his life. After the Boeing Co. 787 …
POSTED JUNE 13, 2025 11:04 AM |
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