BX1 brings together capacity from multiple Bermuda insurers – Ascot, Markel, Ark, and Sompo – under a single contract issued through Marsh’s Bermuda platform. By consolidating participating carriers into one structure, the facility is intended to simplify the placement process and reduce administrative burdens for clients. It also introduces a single claims decision-maker, which Marsh said will help streamline claims handling and lower associated costs.
Author: Awais
Telehealth use in traditional Medicare increased dramatically at the start of the COVID-19 public health emergency, with nearly half (46.7%) of all eligible beneficiaries receiving at least one telehealth service in the second quarter of 2020, compared to just 6.9% in the first quarter (Figure 2). While use has declined since that time, it remains nearly two times higher than pre-pandemic levels, with more than one in ten (12.5%) eligible beneficiaries receiving a telehealth service in the second quarter of 2025 (the most recent period for which data is available). Use of telehealth services varies by geography, race and ethnicity,…
Iran maintained attacks on energy assets around the Middle East even after US President Donald Trump called for restraint, with damage to key oil and gas infrastructure triggering a fresh surge in prices. Tehran’s response to Israel’s assault on the giant South Pars gas field “is underway and not yet complete,” the semi-official Iranian Students’ News Agency cited a military spokesman as saying on Thursday. That widened the scale of the conflict as it nears the end of its third week, with no sign of an imminent ceasefire. Saudi Arabia said a drone hit its Samref refinery on the Red…
Founded in 1960, Lipscomb brings more than six decades of experience advising affluent individuals, family offices and businesses with complex insurance needs. Its areas of focus include fine art, collections, aviation, marine, real estate, agriculture and global transportation – risks that often fall outside standard insurance markets and typically require access to specialist underwriting and bespoke placement strategies.
A “one in a million” malfunction during a live fire demonstration over Camp Pendleton last October led to a misfire that rained shrapnel on Interstate 5, striking two California Highway Patrol vehicles, a U.S. Marine Corps investigation found. An artillery shell exploded over the highway that serves as the main corridor between Los Angeles and San Diego during a celebration of the 250th anniversary of the Marine Corps, attended by Vice President JD Vance and Defense Secretary Pete Hegseth. Nobody was hurt, and investigators ruled out any negligence or wrongdoing by Corps members. The day before the event, Democratic Gov.…
SACRAMENTO, Calif. — For weeks, Mehmet Oz has been waging a public feud with California leaders over health care fraud, accusing the blue state of failing to adequately combat such abuse. Oz, who heads the U.S. Centers for Medicare & Medicaid Services, alleged that there was approximately $3.5 billion of fraud in the hospice and home health care industry in Los Angeles County alone. “This administration under President [Donald] Trump is not going to tolerate taxpayer dollars being stolen because people aren’t paying attention anymore. We’re focused on this,” Oz said. He claimed the fraud was largely orchestrated by the…
The U.S. government on Wednesday asked companies to strengthen the security of Microsoft’s endpoint management tool, after a cyberattack on medical device maker Stryker Corp last week. The March 11 cyberattack hit Stryker’s computer systems, causing widespread disruption to its business, including its ability to process orders, make products and ship them to customers. The company said it had experienced a global disruption to its Microsoft environment. An Iran-linked hacking group called Handala claimed responsibility for the attack, saying it was in retaliation to a strike on a girls’ school in Minab, southern Iran. The Cybersecurity and Infrastructure Security Agency…
Prysmian SpA, the world’s largest cable maker, is considering building a new mill in Texas while pursuing U.S. acquisitions, as surging demand tied to data centers and electrification drives growth in its largest market. The Italian group may pull the trigger in the next year or so on a second copper rod facility at its McKinney site near Dallas, with an investment of $100 million to $200 million, as part of a broader push to expand capacity and secure supply in North America, said regional head Andrea Pirondini. Barrels of Prysmian SpA cables. Photographer: Susana Gonzalez/Bloomberg A new plant would…
Global insurance and reinsurance broker Aon has appointed Dan Tomlinson from Allianz Commercial as Head of Alternative Risk Transfer Solutions, Europe, the Middle East and Africa (EMEA).In his new role, Tomlinson will work closely with Aon’s Commercial Risk & Reinsurance team to expand Aon’s alternative risk transfer (ART) capabilities and deliver a full spectrum of risk management products to the broker’s clients. Tomlinson is a recognised leader in the parametric space, possessing years of experience in parametric risk transfer, as well as in weather derivatives transactions. He brings over 30 years of global expertise in complex risk, and deep experience…
The U.S. Department of Labor has cited a Wisconsin beauty and personal care products manufacturer after a 55-gallon fiber drum containing nitrocellulose exploded and started a secondary fire involving flammable liquids. Investigators with the department’s Occupational Safety and Health Administration initiated an inspection into California-based SV Labs Prescott Corp. after the explosion and subsequent fire, and determined the employer did not have a thorough new hire safety and health program in place and failed to provide newly hired employees with chemical and respiratory protection training, respirator fit testing, and medical evaluations. OSHA cited SV Labs Prescott Corp. for two repeat…
Pennsylvania is seeking $2.65 million in penalties from a utility company over the March 2023 natural gas explosion at a chocolate factory that killed seven workers and injured 10 others. The Pennsylvania Public Utility Commission’s (PUC) has filed a formal complaint against UGI Utilities, Inc. following its investigation into the explosion at the R.M. Palmer Co. chocolate factory in West Reading, Berks County. The complaint alleges 27 violations of state and federal safety regulations governing natural gas distribution systems. PUC is seeking a total of $2,576,627 in civil penalties — the maximum amount permitted by law — along with a…
The head of the American Hospital Association attempted to defend consolidation. Members of a House Energy and Commerce subcommittee were unmoved.
Sure, an insurance technology platform, announced the launch of a new digital jewelry insurance program underwritten by JM Specialty Insurance Company, a member insurer of the Jewelers Mutual Group. Developed in collaboration with Jewelers Mutual and built to meet its specialized underwriting and coverage standards, the program reflects a modern approach to specialty insurance and is delivered end to end on Sure’s configurable insurance platform. The program enables rapid launch and long-term scalability. Jewelers Mutual Group selected Sure to provide the technology foundation needed to bring its jewelry insurance product to market through a seamless digital consumer experience. The jewelry…
The search for the country’s outstanding BDMs will end on Friday, March 27