Insurance
Derisking Dilemma: How German Companies Are Tackling China Risk
Thomas Nuernberger is preparing for tougher times. For the past seven years, the 55-year-old has run the Chinese unit of fan and motor maker ebm-papst, and business has been good. But, as tensions simmer between Berlin and Beijing, ebm-papst is …
Read More Markets/Coverages: Atlas General Announces Workers’ Comp Program With Sompo
National multi-line program administrator Atlas General Insurance Services, an RPS Company, announced the addition of a new workers’ compensation insurance program with Sompo International. This new platform includes the addition of over 400 workers’ compensation classes, including contractors, healthcare, hospitality, …
Read More Risk Strategies, One80 Intermediaries Reorganize Under Accession Brand
Risk Strategies and One80 Intermediaries on Oct 18 announced an internal reorganization to operate under the newly introduced Accession Risk Management Group parent brand. Accession Risk Management Group, led by John Mina as global CEO, will represent the family of …
Read More Appeals Court Upholds Nasdaq Board Diversity Rule
A U.S. appeals court upheld Nasdaq’s board diversity rule on Wednesday, requiring companies listed on the exchange to have women and minority directors on their boards or explain why they do not. In a lengthy opinion, the New Orleans-based 5th …
Read More J&J Weighs Third Bankruptcy Try to Settle Baby Powder Suits
Johnson & Johnson said it is weighing a third attempt to use bankruptcy for an $8.9 billion settlement of tens of thousands of lawsuits that allege tainted talc in the company’s baby powder caused cancer. Erik Haas, J&J’s lawyer in …
Read More Recalled Dehumidifiers Rich Ground for Subrogation Actions, the Latest in NC
American consumers may remember the news about certain Chinese-made dehumidifiers, more than 1.5 million of which were recalled due to their tendency to overheat and catch fire. The manufacturer, Gree USA, in 2021 agreed to pay $91 million in penalties, …
Read More Labor Commissioner Cites California Hotel $4.7M for Violating COVID-19 Right to Recall Law
The California Labor Commissioner’s Office cited Hyatt Regency Long Beach $4.79 million for reportedly failing to timely offer job positions to 25 employees laid off during the COVID-19 pandemic once the hotel increased its business operations and began rehiring employees. …
Read More Louisiana Fortify Homes Program Opens Second Round of Grants
The Louisiana Fortify Homes Program (LFHP) opened its second round of grants this week. Homeowners must have a policy with Louisiana Citizens Property Insurance Corporation to apply for one of 1,000 grants available in the second round. Grants will be …
Read More People Moves: Padilla Named President of the Independent Insurance Agents of Illinois
Allyson Padilla Named President of the Independent Insurance Agents of Illinois Allyson Padilla of Blank’s Insurance Agency in Olney, Illinois, has been elected and was formally installed as the President of the Independent Insurance Agents of Illinois (IIA of IL) …
Read More People Moves: Zurich Nordic Promotes Fritz to CEO; Arch Taps Cyber U/Ws From Tokio Marine and AIG; Liberty Names RSA’s Furlan as Head of Casualty, Europe
This edition of International People Moves details appointments at Zurich Insurance, Arch Insurance and Liberty Specialty Markets. A summary of these new hires follows here. Zurich Promotes Fritz to CEO Zurich Nordic Zurich Insurance has appointed Mattias Fritz, currently Nordic …
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