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June 21, 2024Climate Change Blamed on Deadly Heat Wave in Mexico, Southwest US
Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking the Southwestern United States, Mexico and Central America, a new flash study found. Sizzling daytime temperatures that tr …


June 21, 2024Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty
K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of a London-based MGA called K2 Rubicon Specialty. The new MGA division was founded by four market veterans f …


June 21, 2024LAAIA Posts Scholarship Winners Ahead of Upcoming Florida Convention
The Latin American Association of Insurance Agencies and the Spencer Educational Foundation have announced college risk-management and insurance scholarship winners for 2024. Mendoza Lunatti, an incoming senior at Southeastern University in Lakeland, …


June 21, 2024Exxon Suit Targeting Activist Group Arjuna Tossed by Judge
A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …


June 21, 2024Trucking Company Fined $65K for Refusing to Give Ohio Employee the Sabbath Off
Nationwide automotive hauling and logistics company Wheeler Trucking, doing business as Wheeler Trucking Inc. and Wheeler Logistics, Inc. will pay $65,000 and furnish equitable relief to settle a race and religion lawsuit filed by the Equal Employmen …


June 21, 2024Bird Flu Hits Texas, Kansas Milk in First Sign of Impact
US milk production is starting to get hit by the bird flu virus, which first made the jump to cows earlier this year. Output in Texas and Kansas — the first states where highly pathogenic avian influenza was detected in …


June 21, 2024Insured Losses from Recent South Florida Floods Reaching into the Millions
Recent flooding in south Florida caused insured losses in the hundreds of millions of dollars, from auto and homeowners claims, Aon and AM Best reported. The Florida Office of Insurance Regulation is also reminding insurers to file simplified catastr …


June 21, 2024Hawaii Agrees to ‘Groundbreaking’ Settlement of Youth Climate Change Case
Hawaii on Thursday agreed to take action to decarbonize its transportation system by 2045 to settle a lawsuit by 13 young people alleging the U.S. state was violating their rights under its constitution with infrastructure that contributes to greenho …


June 21, 2024Markets/Coverages: E&S MGA Ledgebrook Launches Architects & Engineers Product
Ledgebrook, the Boston-based excess-and-surplus managing general agent, announced it will be expanding its professional lines offerings by launching an architects and engineers product with its capacity provider, the insurer Obsidian. Carolyn Pearce …


June 21, 2024Driver Who Blamed Injury on Rushing to Finish Schedule Fails to Deliver Evidence
A delivery driver failed to convince her employer or the Virginia Workers’ Compensation Commissioner (VWCC) that she injured her knee in a fall on the job because she had to rush to complete deliveries on a schedule. She maintained that …

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