Insurance
Lawsuit: Celebrity-Friendly Washington Church Required Workers to Tithe
A Seattle, Washington-area megachurch that counts celebrities such as Russell Wilson and Justin Bieber among its thousands of members has been accused in a lawsuit of requiring employees to donate some of their earnings back to the religious organization or …
Read More New Mexico and Arizona Officials Warn of Wildfire Risk as Southwest Dries out
Snowcapped mountains in the Southwestern U.S. signal a possible delayed start to the wildfire season for some higher elevations, but officials in New Mexico and Arizona warned that dry, windy conditions in other areas are increasing wildfire risks and prompting …
Read More Registry Worker Pleads Guilty to Taking Money in Driver’s License Scam
A Massachusetts woman has pleaded guilty to accepting money in exchange for agreeing to issue passing learner’s permit test scores to applicants regardless of whether they actually passed. U.S. Attorney Rachael S. Rollins reported that Mia Cox-Johnson, a former manager …
Read More Markets/Coverages: Beazley Updates Primary U.S. Public D&O Offering
Specialist insurer Beazley has announced a refreshed Primary U.S. Public D&O wording, available both in the London Market and on a Surplus Lines basis in the U.S. Beazley said it has taken the step to simplify their wording, which includes …
Read More Executives of Alabama-based Austal Shipbuilding Accused of Inflating Earnings
Three current and former former executives of a shipbuilder that constructs vessels for the U.S. Navy have been indicted on accounting fraud charges accusing them of falsely inflating the company’s reported earnings, federal prosecutors said. Craig Perciavalle, 52, Joseph Runkel, …
Read More City of Buffalo Sues Kia and Hyundai Over Auto Thefts
The city of Buffalo has filed suit against Kia and Hyundai seeking to hold the carmakers responsible for the rash of auto thefts caused by their alleged failure to include industry-standard anti-theft technology. Buffalo looks to join Cleveland, Cincinnati, Columbus, …
Read More Australia Contractor Downer Faces Class Action Lawsuit for Misreporting on Contract
Australian contractor Downer said on Monday it faces a shareholder class action for allegedly making some misrepresentations and withholding certain information about a maintenance contract in its domestic utilities business. Downer is currently under investigation by New South Wales’ Independent …
Read More People Moves: Chubb Names Chasseguet as Country President, France; MGA Pen Taps Gallaghers’ Alsegard as Head of IP; McLarens Appoints 5 for Mideast Team
This edition of International People Moves details appointments at Chubb, the MGA Pen Underwriting and loss adjuster McLarens. A summary of these new hires follows here. Chubb Names Chasseguet as Country President for France Chubb announced the appointment of Benoit …
Read More Leading Investor Group NZAOA Toughens Stance on New Upstream Oil & Gas Projects
The Net Zero Asset Owner Alliance (NZAOA) said on Wednesday [March 29] it expects members to make no new direct investments in upstream oil and gas infrastructure projects for new fields, as part of efforts to rein in global warming. …
Read More MS Amlin’s Long-Term Issuer Credit Rating Downgraded by AM Best
AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a+” (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of MS Amlin AG (Switzerland). The outlook of the Long-Term ICR has been …
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