News
Bill would mandate environmental due diligence for fashion companies
1+ day, 22+ hour ago (195+ words) A bill introduced Thursday in the New York Senate would require large fashion companies to map supply chains, disclose environmental impacts and meet greenhouse gas reduction targets. S. 9740 would establish the "fashion environmental accountability act" and apply to companies with more…...
Jesse F. Gutierrez
1+ day, 18+ hour ago (46+ words) Jesse F. Gutierrez'businessinsurance.com Great American Insurance Group named Jesse F. Gutierrez divisional president, professional liability, effective April 27, 2026. He will succeed Reina L. Gregorio, who will retire in July. Previously, Mr. Gutierrez was divisional senior vice president of professional liability. More Comings & Goings...
Marine war risk facility adds $20B capacity
1+ day, 20+ hour ago (213+ words) The U.S. International Development Finance Corp. and Chubb announced Friday that six U.S. insurers will back $20 billion in additional capacity for a marine reinsurance facility established to support shipping in the Gulf. Total capacity will double to $40 billion, with $20 billion backed by…...
Appeals court revives part of Vesttoo-related suit against Gallagher Re
1+ day, 22+ hour ago (364+ words) A federal appeals court has reinstated part of a lawsuit by Porch.com accusing Gallagher Re of failing to meet its obligations as a reinsurance broker in connection with a program tied to the collapsed Vesttoo operation. In Porch.com…...
KitKat crowdsources recovery after 12-ton chocolate heist
1+ day, 22+ hour ago (158+ words) KitKat crowdsources recovery after 12-ton chocolate heist'businessinsurance.com A shipment ofKitKatbars has gone missing in Europe " and its maker is asking the public to help track it down. More than 400,000 chocolate bars, including limited-edition Formula 1-themed products, were stolen from…...
Ohio court orders review of summer disability benefits for school worker
2+ day, 9+ min ago (172+ words) Ohio court orders review of summer disability benefits for school worker'businessinsurance.com The Ohio Supreme Court on Friday ordered the Industrial Commission to reconsider whether a school district employee is entitled to temporary total disability benefits during summer recess, finding…...
Vlad Barbalat
2+ day, 20+ hour ago (48+ words) Vlad Barbalat'businessinsurance.com Liberty Mutual Insurance named Vlad Barbalat president of Global Risk & Capital Solutions. He will continue as chief investment officer of Liberty Mutual Group. Previously, Mr. Barbalat was executive vice president and chief investment officer, and president of…...
Court dismisses cyber coverage suit over fraudulent wire transfer
2+ day, 20+ hour ago (246+ words) A law firm is not covered for a fraudulent wire transfer under its social engineering insurance coverage because the imposter who deceived the firm was not impersonating an existing client or business partner, a federal court ruled. In Gore, Kilpatrick…...
Doxa buys casualty MGA
2+ day, 22+ hour ago (120+ words) Doxa Insurance said on Thursday that it has acquired Jupiter Underwriting Group, a managing general agent. Florida-based Jupiter specializes in admitted umbrella and follow-form excess liability, Doxa said in a statement. It was founded in 2019 by David Folkes and Dennis…...
Trucordia names former Venbrook exec SVP
2+ day, 22+ hour ago (66+ words) Trucordia names former Venbrook exec SVP'businessinsurance.com Trucordia names former Venbrook exec SVP Trucordia on Thursday said it has named former Venbrook Insurance Services executive Jeffrey Lang senior vice president and California platform leader. He is based in Los Angeles....