Insurance Journal
A federal appeals court on Monday struck down a major air pollution permit issued by Texas’s environmental regulator, arguing that the state allowed improperly high emissions limits for Port Arthur LNG, a gas liquefaction and export terminal cu...
Posted: Nov 17, 2023
Medical payments to treat injured workers in Texas were stable from 2016 to 2021, according to a new study from the Workers’ Compensation Research Institute (WCRI). The study, CompScope Medical Benchmarks for Texas, 24th Edition, found that sta...
Posted: Nov 17, 2023
ROCKFORD, Mich. (AP) – Tests show toxic chemicals in wells near the headquarters of a western Michigan shoe manufacturer, years after the company dredged and transferred river sediment from a leather-processing tannery. There is no dispute Wolverine...
Posted: Nov 17, 2023
This edition of International People Moves details appointments at Howden and Argenta Syndicate Management. A summary of these new hires follows here. Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber Howden, the London-based...
Posted: Nov 17, 2023
The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The FBI alert follows a Reuters report this week th...
Posted: Nov 17, 2023
Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax&#...
Posted: Nov 17, 2023
Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders purchased $1 billion in equ...
Posted: Nov 17, 2023
Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head of Intangible Assets, the fi...
Posted: Nov 17, 2023
New York Governor Kathy Hochul announced a legislative proposal to improve safety within the limousine industry. The bill includes provisions requiring that stretch limousines be equipped with enhanced safety features and prohibiting the operation of...
Posted: Nov 17, 2023
A house fire in northeast Georgia that killed three people last week was found to be accidental in nature, linked to a clothes dryer that was running overnight. And a blaze that burned a 180-year-old, historic home in Stone Mountain …
Posted: Nov 17, 2023
The European Commission is proposing to ban the sale of tankers for crude oil and petroleum products to Russia to prevent Moscow bypassing western sanctions on Russian oil with a shadow fleet of ships, a proposal by the Commission showed. …
Posted: Nov 17, 2023
A Springfield, Massachusetts man pleaded guilty Tuesday in federal court in Boston to his role in a regional organized theft crew that officials say stole catalytic converters from more than 490 vehicles as well as from bank automatic teller machines...
Posted: Nov 17, 2023
FORT LAUDERDALE, Fla. (AP) — Why has it been raining so much in south Florida? Experts say the latest windy, rainy storm system seen this week has nothing to do with hurricane season. The storm system that formed over the …
Posted: Nov 17, 2023
JACKSON, Miss. (AP) — Recent rain has helped improve drought conditions enough for Mississippi Gov. Tate Reeves to partially lift a statewide burn ban. Reeves, the Mississippi Forestry Commission and the Mississippi Emergency Management Agency...
Posted: Nov 17, 2023
Johnson & Johnson on Thursday said it has settled two lawsuits claiming its talc products caused cancer, the first such cases to go to trial since a federal court rejected the company’s plan to move its talc liabilities into bankruptcy R...
Posted: Nov 17, 2023
A U.S. judge rejected bids by Hyundai and Kia to dismiss litigation by several hundred insurers seeking to recoup more than $1 billion they claim to owe drivers whose vehicles were stolen or damaged in a social media-inspired theft spree. …
Posted: Nov 17, 2023
Verlingue has launched Verlingue London Markets following the rebranding of specialist Lloyd’s and London market wholesale broker NBJ London Markets. The business also has made a number of senior hires to expand its access to markets and expert...
Posted: Nov 17, 2023
Verlingue has launched Verlingue London Markets following the rebranding of specialist Lloyd’s and London market wholesale broker NBJ London Markets. The business also has made a number of senior hires to expand its access to markets and expert...
Posted: Nov 17, 2023
Three oil tankers, newly sanctioned by Washington, regularly shipped Sokol crude from Russia’s Far East to Indian Oil Corp, the country’s top refiner, in recent months, according to shiptracking data from LSEG, Kpler and trade sources. Th...
Posted: Nov 17, 2023
Italy’s top insurer Generali stuck to 2024 targets on Thursday after posting a 29.6% rise in nine-month adjusted net profit despite rising claims from natural disasters which it said would also weigh on this quarter. The impact of extreme weath...
Posted: Nov 17, 2023
The U.S. on Thursday imposed sanctions on maritime companies and vessels for shipping Russian oil sold above the G7’s price cap, as Washington seeks to close loopholes in the mechanism designed to punish Moscow for its war in Ukraine. The ̷...
Posted: Nov 17, 2023
Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets heading into 2024. “The p...
Posted: Nov 17, 2023
New research indicates members of the Fortune 500 could suffer direct financial losses in excess of $20 billion due to a partial outage of third-party cloud services, according to Parametrix. The findings highlight how the disruption of third party c...
Posted: Nov 17, 2023
A new national climate report that shows temperatures rapidly rising, but it also has some good news for the U.S. The Fifth National Climate Assessment, which analyzes the impacts of climate and global change in the U.S., shows that global …
Posted: Nov 17, 2023
A new national climate report that shows temperatures rapidly rising, but it also has some good news for the U.S. The Fifth National Climate Assessment, which analyzes the impacts of climate and global change in the U.S., shows that global …
Posted: Nov 17, 2023