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6 Firefighters Injured Battling Fire in 3-Story Building in New Jersey

by lpiccitto | Jul 10, 2025 | Uncategorized

Six firefighters suffered minor injuries in a blaze Thursday that partially collapsed a three-story building in a New Jersey neighborhood, authorities said. The fire in Jersey City, which started at about 1:30 a.m., also spread to nearby buildings, displacing some...

Husband and Wife Sentenced for $20 Million Insurance Fraud Scheme

by lpiccitto | Jul 10, 2025 | Uncategorized

A Maryland husband and wife have been sentenced to 12 years in prison and four years in prison, respectively, after their convictions for a $20 million scheme to commit insurance fraud. In addition to their prison sentences, a judge for …

Markets/Coverages: Descartes Insurance Expands Into Credit & Political Risk

by lpiccitto | Jul 10, 2025 | Uncategorized

Descartes Insurance, the Paris-based risk-carrying subsidiary of parametric-insurer Descartes, has expanded its offering to corporate clients and public institutions to include credit and political risk insurance (CPRI). To support its expansion into this new class of...

People Moves: QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring; Liberty Global Transaction Solutions Appoints Leaders in London, Europe

by lpiccitto | Jul 10, 2025 | Uncategorized

This edition of International People Moves details appointments at QBE Re and Liberty Global Transaction Solutions. A summary of these new hires follows here. QBE Re Names Senior Leaders Across Markets, Product Areas as Part of Restructuring QBE Re has …

AI-Driven MGA ‘Augmented UW’ Launches to Serve Smart-Follow Insurance Market

by lpiccitto | Jul 10, 2025 | Uncategorized

Augmented UW Ltd., the AI-driven managing general agent, has launched in London to serve the smart-follow insurance market. The MGA was founded by Chief Executive Officer Daniel Prince, a leading executive in the London insurance market, who was formerly CEO …

Extreme Weather Could Cause 5% Drop in Euro Zone GDP, Bank Watchdogs Find

by lpiccitto | Jul 10, 2025 | Uncategorized

Extreme weather events such as heatwaves, flooding and wildfires could wipe as much off euro zone GDP in the next five years as the global financial crisis or the COVID-19 pandemic, a senior European Central Bank official said on Wednesday. …
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