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People Moves: Silva to Succeed Retiring Welch as Amica Chief Claims Officer Silva to Succeed Retiring Welch as Amica SVP and Chief Claims Officer Amica Mutual Insurance Co., headquartered in Lincoln, Rhode Island, announced that Sean Welch, senior vice president and chief claims officer, will retire at the end of the year …
POSTED SEPTEMBER 03, 2026 9:00 AM |
UN Warns Global Warming Will Exceed 1.5C and Must Be Reversed Since countries signed onto the 2015 Paris Agreement, the United Nations has regularly reported on the world’s progress at limiting global warming to 1.5C above pre-industrial levels. A landmark UN report published today brings an end to that era — …
POSTED SEPTEMBER 03, 2026 8:56 AM |
Samsung-Affiliated Insurers Plan to Buy Canopius for $1.5 Billion, Newspaper Says South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance Co. and …
POSTED SEPTEMBER 03, 2026 8:07 AM |
Markets/Coverages: Philadelphia Insurance Debuts Platform for Storage Tank Policies Philadelphia Insurance Companies (PHLY) announced the launch of PHLY TankEAS, a self-service online platform that allows agents and brokers to quote, bind, and issue admitted policies for eligible risks under PHLY’s Storage Tank Environmental Policy (STEP) program. The portal reduces …
POSTED SEPTEMBER 03, 2026 6:53 AM |
Blackout Risk Rises as Heat Wave Stresses Largest US Electric Grids The risk of power outages is expected to escalate across a broad swath of the United States as intense heat will test the capacity of electricity supplies serving millions of homes and businesses from the Midwest through the Mid-Atlantic. The …
POSTED SEPTEMBER 03, 2026 5:44 AM |
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