Insurance
Paris Trains Hit By Sabotage Hours Before Olympics Kick Off
Trains to and from Paris, including the international Eurostar service, were hit by what authorities called a “massive attack aimed at paralyzing the network” of France’s super-fast trains just hours ahead of the inauguration ceremony of the 2024 Olympic Games. …
Read More J&J Loses Latest Legal Bid to Revive Talc Bankruptcy Strategy
Johnson & Johnson lost its bid in a federal appeals court to revive a plan to settle tens of thousands of talc cancer lawsuits by placing a subsidiary into bankruptcy. The ruling Thursday upheld a bankruptcy judge’s dismissal last year …
Read More ALKEME Acquires Georgia’s Morris & Templeton Agency
ALKEME, a national insurance broker, has acquired Morris & Templeton in Savannah, Georgia, expanding ALKEME’s footprint in the Southeast. Morris & Templeton was founded in 1981, offering commercial and personal insurance coverage, including high-end homeowners products. It has offices in …
Read More Woman Dies in West Virginia’s Second Coal Mine Fatality This Year
CHARLESTON, W.Va. (AP) — A West Virginia woman died Wednesday more than a week after an accident at a southern West Virginia coal mine, Gov. Jim Justice said. Ashley Cogar, 33, of Erbacon, was injured at the Wyco Surface Mine, …
Read More MGU Private Client Select Teams With Ryan Specialty on High Net Worth
Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership. The independent managing general underwriter started by American Internal Group (AIG) and Stone Point Capital will use Ryan Specialty as …
Read More Aon Reports 6% Drop in Q2 Net Income, Organic Revenues Grow 6%
Aon reported net income attributable to shareholders of $524 million during the second quarter, a 6% decrease from $560 million in Q2 2023. Adjusted net income attributable to Aon shareholders increased 9% during Q2 2024 to $624 million, compared to …
Read More California Wildfire Continues to Spread Rapidly to 164K Acres
A massive wildfire in Northern California has destroyed an undetermined number of buildings and is threatening thousands or properties, prompting thousands of evacuations orders, as it continued to rage on Friday morning. The Park fire, which became the state’s largest …
Read More Rushed Railcar Inspections and ‘Stagnated’ Safety Record Reinforce Concerns
Major freight railroads are rushing railcar inspections, reinforcing known safety concerns raised by unions for years, but at a House hearing Tuesday they’ll present new evidence from federal inspectors that railcar checks are routinely less than two minutes per car. …
Read More Louisiana’s $3B Coastal Restoration Project Divides Residents
NEW ORLEANS (AP) — Proponents of a nearly $3 billion project to restore part of southeast Louisiana’s rapidly vanishing coastline released a study Tuesday touting the expected economic benefits of its construction, even as the project faces pushback and litigation …
Read More Niagara Falls Hopes Insurer Can Solve Mystery of Last Year’s Car Crash, Explosion
A police investigation into the crash and explosion that killed two people in a high-powered luxury car at a Niagara Falls border crossing last year has concluded with the crash’s cause still a mystery, authorities said. The probe into the …
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