Patricia Wells

Miller and Acrisure Re have made significant new appointments in their teams, signaling growth and strategic focus in the reinsurance sector. Miller, an independent re/insurance broker based in London, has welcomed Vincent Foucart as the new managing director in its Reinsurance practice. Foucart joins Miller after a 16-year career at SCOR, where he held several … Read more

Zurich Insurance Group has significantly increased its stake in Banco Sabadell, now owning nearly 4% of the Spanish bank. This move comes as Sabadell faces a takeover bid from BBVA, a larger competitor. Zurich’s investment is noteworthy, especially since it has become Sabadell’s second-largest investor. The Swiss insurer first crossed the 3% ownership threshold in … Read more

The world of cyber insurance is changing. Recently, experts have noted a growing interest in non-proportional risk transfer solutions, particularly those that address cyber catastrophe losses. These solutions focus on both individual events and broader risks, but they are still in the early stages of development. One of the challenges in this area is the … Read more

The South Carolina House of Representatives has taken a significant step towards reforming liquor liability laws. On Thursday, the House voted unanimously, 109-0, in favor of a new bill aimed at easing the financial burden on bars and restaurants regarding liquor liability insurance. This legislation seeks to end the joint-and-several liability rule, which has long … Read more

New York State has seen a troubling rise in worker deaths this year. In 2023, there were 74 fatalities, marking a sharp 48% increase from the 50 deaths recorded in 2022. This information comes from an annual report released by the New York Committee for Occupational Safety and Health (NYCOSH). The report highlights that New … Read more

A truck driver was sentenced to nearly 50 years in prison for a tragic crash that killed seven farmworkers in Oregon. Lincoln Smith, 54, received a sentence of 48 years and 3 months from Judge Daniel Wren in Marion County Circuit Court. The crash occurred in May 2023 on Interstate 5 near Albany, a region … Read more

Mark Uyeda, the interim head of the U.S. Securities and Exchange Commission (SEC), recently shared his vision for the agency at the Wall Street Journal’s CFO Network Summit in New York. He indicated that the SEC will slow down its rulemaking efforts after a period of aggressive reforms under former Chair Gary Gensler. Uyeda described … Read more

A group of cybercriminals has been caught stealing and reselling over 900 digital tickets for Taylor Swift concerts and other high-demand events. This scheme, which took place on StubHub, was uncovered by prosecutors in New York. According to Queens District Attorney Melinda Katz, the operation involved workers in Jamaica employed by a company that provided … Read more

Liberty Mutual is set to refund about $4 million to around 138,000 policyholders in Louisiana due to an overcharge related to the Louisiana Property Insurance Corporation Emergency Assessment. This situation came to light after a consumer complaint was filed in February, prompting the Louisiana Department of Insurance to investigate. Insurance Commissioner Tim Temple explained that … Read more

FTP, Inc. has made headlines with its recent acquisition of Coastal Flood Underwriters, LLC, a well-respected provider of flood insurance solutions. This deal, announced on March 7, 2025, in Old Bridge, New Jersey, is a significant step for FTP as it aims to enhance its flood insurance offerings across the country. Coastal Flood Underwriters was … Read more