Insurance
People Moves: Everest Names Buonpane Head of Casualty Specialty, Industry Practices; Allied World Appoints Kranz A&E Lead
Everest Insurance Names Buonpane to Head of Casualty Specialty Lines and Industry Practices Everest Insurance North America, headquartered in Warren, New Jersey, hired Stephen Buonpane to the newly created role of senior vice president, casualty specialty lines and industry practices. …
Read More Major World Economies Seek to Halt New Private Sector Coal Financing
Some of the world’s major economies want to finalize a plan ahead of this year’s U.N. climate summit to halt new private sector funding for coal projects, five sources with direct knowledge of the matter told Reuters. If approved, the …
Read More Latest Trial Over Zantac Cancer Claims Called Off as Plaintiff Drops Case
A woman who claimed in a lawsuit that GSK’s discontinued heartburn drug Zantac caused her breast cancer dropped her case shortly before it was set to go to trial in Illinois state court on Monday, the company announced. GSK said …
Read More Homeownership Costs in US Jumped 26% Since Pandemic Began
The cost of owning a home in the US has increased 26% since 2020, as expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy. The average annual outlay for owning and maintaining …
Read More Contractors Can’t Advertise ‘Insurance Negotiating’ Skills, Texas Supreme Court Says
A contractor cannot be the public adjuster on a claim and cannot advertise itself as an insurance claims negotiator if it does not hold an adjusters’ license, the Texas Supreme Court decided in a case that could give support to …
Read More People Moves: Alliant Grows Midwest Benefits Team with Richard as VP, Schmidt as SVP
Alliant Insurance Services, headquartered in Irvine, California, expanded its Midwest team by adding Matt Richard as vice president and Tricia Schmidt as senior vice president within its employee benefits group. Richard, based in Kentucky, has more than 20 years of …
Read More US Supreme Court to Hear Facebook Bid to Scuttle Shareholder Lawsuit
The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data …
Read More Supreme Court Seeks U.S. Government Views on Honolulu Climate Suit Against Oil Companies
The U.S. Supreme Court on Monday asked President Joe Biden’s administration to offer its views on a bid by Sunoco and other oil companies to scuttle a lawsuit by Honolulu accusing them of deceiving the public about climate change. The …
Read More Attempted Bribe Doesn’t Stop Jurors From Convicting Defendants in $40M Fraud Scheme
MINNEAPOLIS (AP) — A jury convicted five Minnesota residents and acquitted two others on Friday for their roles in a scheme to steal more than $40 million from a program that was supposed to feed children during the coronavirus pandemic. …
Read More Financiers Plan to Launch Texas Stock Exchange
DALLAS (AP) — A group of financial firms and investors is planning to launch a Texas-based private market stock exchange and offer traders an alternative to the New York Stock Exchange and Nasdaq. The group, which includes BlackRock, Citadel Securities …
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