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U.S. Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements A federal...
Posted: Jul 29, 2024
TALLAHASSEE, Fla. (AP) — A judge issued a final order Friday to overturn a Florida law pushed by Republican Gov. Ron DeSantis that attempted to limit diversity and race-based discussions in private workplaces. U.S. District Judge Mark Walker previous...
Posted: Jul 29, 2024
Bankrupt hospital owner Steward Health Care will close two locations in Massachusetts after failing to find a buyer for them, the company said Friday. Steward filed for bankruptcy in May, putting all of its 31 hospitals up for sale in …
Posted: Jul 29, 2024
Chicago-domiciled insurer, CNA Financial Corporation has reported a net income of $317 million for the second quarter of 2024, a solid increase from the previous year’s $283 million. At the same time, the company stated that net investment l...
Posted: Jul 29, 2024
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secreta...
Posted: Jul 29, 2024
Investment firm Sixth Street will acquire Enstar Group Ltd., the Bermuda-based legacy acquisition specialist, for $5.1 billion, according to Enstar in an announcement. Liberty Strategic Capital (a private equity company led by former Treasury Secreta...
Posted: Jul 29, 2024
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the loss seen in the previous year and the line’s worst underwriting results since at least 2000, according to a new AM Best report. R...
Posted: Jul 29, 2024
Global insurance group Enstar is set to be acquired by existing investor Sixth Street in a $5.1 billion transaction, with Liberty Strategic Capital, J.C. Flowers & Co. LLC, and other institutional investors participating in the deal. Upon clos...
Posted: Jul 29, 2024
Indivior reached an $86 million settlement with 16 U.S. states over the drug manufacturer’s alleged role in spreading opioid addiction across the United States, New York Attorney General Letitia James said on Friday. James said the settlement i...
Posted: Jul 29, 2024
HDI Global, a commercial and specialty lines insurer, has announced the opening of its office in Dubai, after receiving regulatory licence from Dubai Financial Services Authority (DFSA), and the appointment of Willem van Wyk as the Managing Direct...
Posted: Jul 29, 2024
Bermuda-based insurer and reinsurer Aspen has announced the appointment of Christian Dunleavy as Group President and CEO of Aspen Bermuda Limited, and Mark Pickering as Group Chief Financial Officer & Treasurer. Effective August 1, 2024, both...
Posted: Jul 29, 2024
Insurance Business Magazine - US
Posted: Jul 29, 2024
Aspen, the Bermuda-based re/insurer, announced changes to its leadership, effective Aug. 1, 2024, aiming to create stronger, more accountable executive roles that are more responsive to the current priorities of Aspen. Under the new structure, Christ...
Posted: Jul 29, 2024
According to data collected by global specialty re/insurer Chaucer, successful cyber attacks against UK utility companies increased to 48 in 2023, representing a 586% increase over the seven cases seen in 2022. The attacks have caused sensitive da...
Posted: Jul 29, 2024
A number of fiber optic cables carrying broadband service across France’s southern and eastern regions were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. SFR said five lines were cut overnigh...
Posted: Jul 29, 2024
A number of fiber optic cables carrying broadband service across France were cut overnight in the latest attack on the country’s infrastructure during the Olympic Games. Connections serving Paris, which is hosting the Olympic Games this week, a...
Posted: Jul 29, 2024
Jan Hrevus has been named to lead the joint reinsurance initiatives of Gallagher Re, a reinsurance broker, and Renomia, an insurance brokerage in Central and Eastern Europe, in the Czech Republic and across Central & Eastern Europe (CEE). Form...
Posted: Jul 29, 2024
JASPER, Alberta (AP) — A wildfire that has destroyed hundreds of structures in the town of Jasper is the largest blaze recorded in Jasper National Park in a century and could still be burning months from now, a Parks Canada …
Posted: Jul 29, 2024
Specialist insurer Beazley has announced the appointment of Jessica Schappell as Head of Asia Pacific (APAC). In her new role, Schappell will report directly to Paul Bantick, Global Head of Cyber Risks at Beazley. She will be responsible for leadi...
Posted: Jul 29, 2024
Flights to and from Beirut airport were canceled or delayed on Monday as tensions escalated between Israel and armed political group Hezbollah after a strike in the Israeli-occupied Golan Heights killed 12 children and teenagers. Lufthansa, Swiss and...
Posted: Jul 29, 2024
The Texas oil regulator said it’s investigating after several earthquakes hit the Permian Basin last week. Extremely salty water that naturally comes out of oil wells is discarded by injecting the slurry back into the ground, a practice that ha...
Posted: Jul 29, 2024
Large primary insurer Chubb successfully renewed its Global Property Catastrophe Reinsurance Program for its North American and International operations, significantly raising the retention for the North American program while adding a new layer o...
Posted: Jul 29, 2024
Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was la...
Posted: Jul 29, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has bolstered its Asian senior leadership with the appointment of Todd Wilhelm as Head of Specialty, Asia, and Guillaume Parard as the Head of Propert...
Posted: Jul 29, 2024
BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P) from private equity firm Inflexion. Financial details of the deal were not disclosed. Founded in...
Posted: Jul 29, 2024
BMS Group, an independent specialist insurance and reinsurance broker, has entered into an agreement to acquire David Roberts & Partners (DR&P), a UK-based insurance broker, from European mid-market private equity firm, Inflexion. Founded...
Posted: Jul 29, 2024
After NextEra proposed a wind farm in Greeley County, Nebraska two years ago, Robert Bernt, a dairy farm owner in the area, helped to mobilize community members against the idea. His group held town hall meetings and ran ads on …
Posted: Jul 29, 2024
HOUSTON (AP) — The number of Texas deaths after Hurricane Beryl came ashore and knocked out power to millions of residents climbed to at least 36 on Thursday as officials confirmed more people who died in homes that were left …
Posted: Jul 29, 2024
Global insurance and reinsurance broking group Aon has said that new changes to the UK’s listing regime could “help boost economic growth and innovation on the UK stock market.” The Financial Conduct Authority (FCA) recently unveiled t...
Posted: Jul 29, 2024
A Hubbard, Ohio industrial manufacturer failed to protect their employees from molten metal that was heated to more than 2,000 degrees Fahrenheit, the U.S. Department of Labor determined after its investigation into how a 30-year-old employee suffere...
Posted: Jul 29, 2024
ST. LOUIS (AP) — Sixty people allege in new lawsuits filed in Missouri that they were abused as children by dozens of Catholic priests, nuns and others, and the man who now leads the Archdiocese of Omaha, Nebraska, is among …
Posted: Jul 29, 2024
Hampden Risk Partners’ Syndicate 2689 at Lloyd’s (HRP) has appointed Giancarlo D’Alessandro as head of portfolio underwriting. An experienced veteran across the sector, D’Alessandro’s 13-year career spans lead underwriting roles at maj...
Posted: Jul 29, 2024
In Kansas, where a prolonged drought has killed crops and eroded the soil, Gail Fuller’s farm is like an oasis. Sheep, cows and chickens graze freely on crops and vegetation in a paradisiacal mess. But if Fuller’s farm were to …
Posted: Jul 29, 2024
Abbott Laboratories was ordered by a jury to pay almost $500 million over allegations that it hid the risk that its premature-infant formula can cause a potentially fatal bowel disease, according to lawyers for the mother who won the first …
Posted: Jul 29, 2024
Robert Tyson believes the defense bar’s lawsuit approach is overdue for an overhaul. The U.S. Chamber of Commerce Institute for Legal Reform reported in May that nuclear verdicts are on the rise, noting that there were a record number of …...
Posted: Jul 29, 2024
Allstate’s Florida subsidiaries are nonrenewing some 33,000 condominium unit policies over the next several months, delivering another blow for beleaguered condo owners across the state. The Palm Beach Post reported that Castle Key Indemnity an...
Posted: Jul 29, 2024
A case alleging that Amazon.com Inc. exposed warehouse workers to injuries has been dismissed for lack of evidence, the company said in a statement Thursday. The Washington state Department of Labor and Industries cited the e-commerce giant for setti...
Posted: Jul 29, 2024
A Berkshire Hathaway insurer is insisting it does not owe $1.3 million in claimed business income losses to a cannabis growing company after a building fire shuttered one of its “flowering” rooms for 68 days. National Fire and Marine Insu...
Posted: Jul 29, 2024
Trapped inside a car, the adult black bear and cub thrashed about. The horn was blaring and the radio blasting. Outside the car, a second cub ran around in apparent distress by the Connecticut home. State environmental conservation police were …...
Posted: Jul 29, 2024
Trapped inside a car, the adult black bear and cub thrashed about. The horn was blaring and the radio blasting. Outside the car, a second cub ran around in apparent distress by the Connecticut home. State environmental conservation police were …...
Posted: Jul 29, 2024
Monsanto will pay $160 million to settle a lawsuit by the city of Seattle that accused the unit of Germany’s Bayer of polluting the city’s drainage system and the local Lower Duwamish River with toxic chemicals known as PCBs. City …
Posted: Jul 29, 2024
Days before winter break ended in December 2022, Bill Hansen was relieved to learn that Jordan-Small Middle School in Raymond had no traces of ‘forever chemicals’ in tests of the school’s water system. Hansen, the Windham Raymond Sc...
Posted: Jul 29, 2024
Three new companies have recently become members of the International Underwriting Association (IUA), a trade organisation representing the London insurance market, highlighting the continued expansion of the industry. The IUA now represents 81 fi...
Posted: Jul 29, 2024
This post is part of a series sponsored by PCF Insurance Services. In the second installment of a three-part series, PCF Healthcare Practice Leader Brian King helps us understand healthcare facility insurance. In Part 1 of our series, we unpacked ...
Posted: Jul 28, 2024
Chubb has been the exclusive underwriter of Healthy Paws since 2013.
Posted: Jul 28, 2024