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INSURANCE NEWS
Insurers Avoid €580 Million Hit From Nord Stream Pipeline Blasts
The insurers of the Nord Stream pipelines don’t have to pay €580 million ($662 million) after a judge ruled that the sabotage of the pipes bringing Russian gas into Europe was the consequence of the war in Ukraine. Nord Stream …
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO
Insurance broker Hub International Holdings Inc. is seeking to raise about $3 billion in its initial public offering, according to people familiar with the matter. The Hellman & Friedman-backed company is targeting going public as soon as this year, some …
Viewpoint: Methuselah Mutuals
Precious few U.S. corporations have been in business for two centuries. Among them are King Arthur Flour (1790), CIGNA (1792), Jim Beam (1795) and Brooks Brothers (1818), although the storied suit-maker entered bankruptcy proceedings in 2020 due to a plunge …
Europe Faces Weeks of Extreme Heat as Fire and Power Risks Build
Western Europe is bracing for the summer’s third major heat wave, fueling dangerous wildfire conditions and straining power systems across the region. A high-pressure weather system is set to bring heat wave conditions this week to France, southern England and …
Japan-Linked Ships Escaping Hormuz in Convoy Through Iran Route
At least eight ships controlled by Japan’s Mitsui OSK Lines Ltd. are heading out of the Strait of Hormuz using a route close to Iran, including some of the last trapped oil tankers to exit the waterway. The vessels include …
People Moves: AIG Nabs Aon’s Williams for New Client, Broker Relationships Role
American International Group (AIG) said it has hire Christine Williams to be head of global client and broker relationships. Williams will begin this new role at AIG on Sept. 1 and report to Jon Hancock, CEO of AIG’s General Insurance …
New York City Investigating Legionnaires’ Disease Outbreak on Upper East Side
The New York City Health Department is investigating a cluster of 18 cases of Legionnaires’ disease in the Upper East Side neighborhoods of Carnegie Hill and Yorkville. The city reports there have been no deaths associated with this cluster. Legionnaires’ …
Tiger’s Hospital Records to be Handed Over to Prosecutors in DUI Case
Prosecutors are allowed to review medical records related to Tiger Woods ‘ March vehicle crash and subsequent arrest in Florida on suspicion of driving under the influence, a judge has ruled. Judge Darren Steele approved an agreement last week between …
Co-Owner of Maine Lumber Mill Dies of Injuries From Fire and Explosion
The co-owner of a Maine lumber mill has died from injuries he sustained during a fire and explosion at the facility, bringing to three the number of fatalities. Alden J. Robbins died last Thursday from injures he suffered in the …
Murdaugh’s Saga Continues With New Trial Date Set for April 5
Alex Murdaugh was back in court Monday on charges he killed his wife and son, appearing silently at a pretrial hearing that was mostly short on substance but long on spectacle as the true crime sensation continues to captivate. Murdaugh’s …
Google Loses Fight Against Record €4.1 Billion EU Antitrust Fine
Alphabet’s Google on Thursday lost its long-running fight against a record EU antitrust fine for using its Android mobile operating system to block rivals, a court ruling which is seen as likely to boost Europe’s crackdown on Big Tech. The …
Europe Targets Shadow Fleet Tankers Falsely Using Cameroon Flag, Sources Say
Europe is taking tougher action against tankers falsely using Cameroon’s flag registry to transport Russian oil, including boarding vessels at sea, prompting Cameroon to dump 39 such vessels from its ship registry, according to officials and documents. On June 8 …
