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INSURANCE NEWS
People Moves: XPT Specialty Hires Goedeke as Underwriter/Broker
XPT Specialty, headquartered in Plano, Texas, hired Kyle Goedeke as an underwriter/broker. Goedeke has nearly a decade of experience across wholesale brokerage, underwriting, and excess and surplus (E&S) line placements. In his role at XPT Specialty, Goedeke will underwrite and …
Texas Anti-ESG Law Declared Unconstitutional by US Judge
A federal judge declared unconstitutional a 2021 Texas law restricting state investments in companies seeking to rely less on fossil fuels or boycott that industry. In a decision made public on Wednesday, U.S. District Judge Alan Albright said the law …
Forever Chemicals Quietly Contaminate Drinking Water Wells
Kristen Hanneman made a small decision in 2022 that would upend life for her entire town. State scientists were checking private drinking water wells across Wisconsin for a widely used family of harmful chemicals called PFAS. They mailed an offer …
Trial of Ex-FirstEnergy Execs Charged in $60M Ohio Bribery Scheme Begins
The $4.3 million payment that Ohio-based FirstEnergy made to veteran lawyer and lobbyist Sam Randazzo in 2019, shortly before he was appointed as the state’s top utility regulator, is at the center of the latest criminal trial to get underway …
Lawyer for Prominent Texas Law Firm Among Victims ID’d in Maine Plane Crash
Six people aboard a private business jet registered to the same address as a prominent Houston law firm were killed on Jan. 25 when the jet crashed on takeoff in Bangor, Maine. Local officials on Tuesday named four victims. The …
17 Former NC State Athletes Join Lawsuit Alleging Abuse by Former Trainer
Seventeen additional former N.C. State male athletes have joined a state lawsuit alleging sexual abuse under the guise of treatment and harassment by the Wolfpack’s former director of sports medicine, pushing the total number to 31 in a case that …
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals
Zurich Insurance’s bid to buy British insurer Beazley will set the stage for further deals in the sector as buyers jostle for exposure to the lucrative specialty lines market, analysts, industry advisers and a broker said. London-listed Beazley said on …
People Moves: Ryan Specialty Names Stewart CEO of Newly Formed Canadian Unit
Ryan Specialty, the international specialty insurance intermediary, announced the appointment of Stephen Stewart as chief executive officer of Ryan Specialty Canada Ltd., the newly formed Canadian operating and holding entity for Ryan Specialty’s underwriting management businesses in Canada. Stewart will …
Chubb CEO Greenberg on Personal Insurance Affordability and Data Centers
Presumably, many insurers in the next couple of weeks will continue to announce very favorable quarterly and full-year earnings—the kind of numbers that could draw the attention of legislators and regulators. Asked his thoughts on the potential for the implementation …
Patients of UCLA Doctor Shaken by Sex Abuse Conviction Overturn, What’s Next
Two years after a former University of California, Los Angeles, gynecologist was convicted of sex abuse and sentenced to 11 years in prison, an attorney working to prepare an appeal of the case stumbled across an astounding find for the …
UK Says Infant Formula Contamination Could Have Affected 36 Babies
British authorities investigating baby formula contamination said on Thursday there had been 36 likely cases of children developing symptoms consistent with poisoning from affected batches in the country. Nestle recalled some batches of its key infant nutrition products, including SMA, …
Two SE Commissioners Warn Insurers About Claims Denials, Policy Cancellations
Two Southeastern states’ insurance commissioners this week posted sternly worded bulletins, warning property insurers about improper policy cancellations and claims denials. Following severe winter storms that swept across the South early this week, Commissioner Carter Lawrence and Tennessee Attorney General …