People Moves: Marsh Names Quest as UK CEO, Succeeding Lay; TMK Taps Carpenter’s Sitki as Cyber Re U/W; Everest Promotes 2 Key Leaders in Facultative & Hybrid Re
This edition of International People Moves details appointments at Marsh, Tokio Marine Kiln (TMK), and Everest Group. A summary of these new hires follows here. Marsh Names Quest as UK CEO, Succeeding Lay Insurance broker Marsh announced the appointment of …
POSTED FEBRUARY 03, 2026 5:14 PM |
Florida Appeals Court Blocks Punitive Damages Claim in Car-Sharing Crash Case
Plaintiffs claiming punitive damages in lawsuits must meet a high bar, a Florida appeals court found in overturning a trial court’s decision in a fatal accident involving an online car-sharing platform. Turo Inc., a firm that connects renters with automobile …
POSTED FEBRUARY 03, 2026 5:05 PM |
Allianz Commerical Relocates Chicago Office
Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the company’s …
POSTED FEBRUARY 03, 2026 4:50 PM |
Specialty Program Group Launches SPG Transportation
Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE will now operate as a unified platform – SPG Transportation. SPG …
POSTED FEBRUARY 03, 2026 4:42 PM |
Oklahoma McDonald’s Franchisee Settles Sexual Harassment Lawsuit
A McDonald’s franchisee in Oklahoma has settled a federal lawsuit alleging a teenage worker was sexually harassed by a male supervisor. Arch Fellow North, LLC, owner and operator of eight McDonald’s restaurants in eastern Oklahoma, will pay $80,000 and provide …
POSTED FEBRUARY 03, 2026 4:36 PM |
Texas Data Centers to Rely on Gas Power Plants
Texas’ environmental regulator last week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the project’s …
POSTED FEBRUARY 03, 2026 4:33 PM |
After Falling 6% in 2025, Average Auto Insurance Cost Will Stabilize in 2026, Says Insurify
Consumers of auto insurance in the U.S. received a respite overall from several years of premium increases, but don’t tell that to drivers in some states and don’t look for it to continue. According to online insurance agent Insurify, the …
POSTED FEBRUARY 03, 2026 4:23 PM |
Florida Cold Damages Citrus Crop, Strains Power Supplies
Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the National …
POSTED FEBRUARY 03, 2026 2:37 PM |
KCC: Winter Storm Fern to Cause $6.7M in Insured Losses
The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately insured …
POSTED FEBRUARY 03, 2026 2:25 PM |
Court Blocks Trump Halt on Last of 5 Suspended Offshore Wind Projects
All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge’s ruling on Monday that cleared Denmark’s Orsted to proceed with its Sunrise Wind project off the coast of New York. Orsted’s …
POSTED FEBRUARY 03, 2026 1:41 PM |
Markets/Coverages: Munich Re Launches Pandemic Consortium via Lloyd’s Market
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd’s market initiative which will be focused on offering parametrically triggered catastrophic communicable disease insurance. The consortium will offer a proactive emerging risk transfer solution …
POSTED FEBRUARY 03, 2026 11:49 AM |
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets
More than $3 trillion. That’s the staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—are prepared to foot the bill …
POSTED FEBRUARY 03, 2026 10:45 AM |
Russian Captain Found Guilty Over Crew Member’s Death in US Tanker Crash
The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member …
POSTED FEBRUARY 03, 2026 9:36 AM |
EU Body’s Advice on Toxin Limit in Baby Formula Prompts More Recalls
The European food safety body on Monday advised a maximum threshold for the cereulide toxin used in infant formula, prompting some French producers to withdraw additional products from the market. Cereulide, a toxin that can cause nausea and vomiting, has …
POSTED FEBRUARY 03, 2026 9:07 AM |
APCIA Hires Hanson to Lead National Advocacy and Coalition Strategy
The American Property Casualty Insurance Association (APCIA) announced the hiring of Meagan Myers Hanson as department vice president, advocacy, campaigns, and coalitions. Hanson will lead APCIA’s integrated advocacy campaigns, coordinate national and state-based coalitions, and shape messaging and engagement strategies …
POSTED FEBRUARY 03, 2026 8:05 AM |
Active Tornado Season Expected in the US
An active 2026 tornado season is expected for the Central Plains, with approximately 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics (KITD). Factors influencing this forecast include persistent La Niña conditions, warmer-than-average Gulf …
POSTED FEBRUARY 03, 2026 6:53 AM |
India Plans a $2.2 Billion Bet on Carbon Capture and Storage
India’s government proposed a 200 billion rupees ($2.2 billion) program to ramp up the deployment of carbon capture utilization and storage technology, to help mitigate the emissions of five heavily polluting sectors. The plan would target power, steel, cement, refineries …
POSTED FEBRUARY 03, 2026 6:10 AM |
Data Center Boom Offers Organic Growth Opportunities for Brokers Like Aon, Marsh
The global boom in the construction of data centers – driven by the growth of generative artificial intelligence (AI) and machine learning – is creating organic growth opportunities for major brokers such as Aon and Marsh. “Over the next five …
POSTED FEBRUARY 03, 2026 6:03 AM |
Carolinas Emerge as New Population Boom States With Affordability and Lifestyle
Move over Florida and Texas. The United States has new hot spots for growth, and they both have Carolina in their name. North Carolina last year attracted more new residents, 84,000 people, from other parts of the country than any …
POSTED FEBRUARY 03, 2026 6:02 AM |
Coverage A for Florida Surplus HO-3 Shows Mixed Bag in Premiums, Policy Count
Primary insurers in Florida aren’t the only ones reporting rate reductions for segments of the populace. Surplus lines also have seen premium decreases as well as significant policy count growth—at least for some slices of the market. The Florida Surplus …
POSTED FEBRUARY 03, 2026 6:01 AM |
Arizona Experienced 25% Decrease in Vehicle Thefts in 2025, New Report Shows
Vehicle thefts fell by 25% in Arizona in 2025 to the lowest rate in decades, and the third consecutive year of a decrease in the state, a new report shows. Data from the Arizona Automobile Theft Authority’s Auto Crime Tracker …
POSTED FEBRUARY 03, 2026 6:00 AM |
Marsh McLennan Agency Acquires Marine Insurance Specialist Robinson & Son
Marsh McLennan Agency (MMA) announced the acquisition of Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry. Terms of the acquisition were not disclosed. The agency, which offers both commercial and personal lines insurance, was …
POSTED FEBRUARY 03, 2026 6:00 AM |
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme
A federal grand jury on January 30 indicted a Massachusetts married couple for their alleged involvement in a scheme to defraud individuals and insurance providers through their business, BL Insurance Brokerage, LLC. U.S. Attorney Leah B. Foley of the District …
POSTED FEBRUARY 03, 2026 6:00 AM |
California Light Bulb Maker Paying $100K for Firing Pregnant Worker
A California lightbulb manufacturer is paying $100,000 to settle a pregnancy discrimination lawsuit. Feit Electric Inc., a lightbulb manufacturer based in Los Angeles, must pay $100,000 and provide other relief to settle the pregnancy discrimination suit filed by the U.S. …
POSTED FEBRUARY 03, 2026 6:00 AM |
MAPFRE Denied Injunction Against AAA Auto Insurance Sales in Massachusetts
MAPFRE Insurance has been denied a preliminary injunction to keep AAA Northeast from selling auto insurance policies in Massachusetts in what the insurer says is a violation of an exclusive marketing agreement it has with the auto club in the …
POSTED FEBRUARY 03, 2026 6:00 AM |