Insurance
California Lawsuit Seeks Damages for Unarmed Mentally Ill Man Shot in Back
A California widow whose husband was suffering from a mental health crisis when she called a nonemergency number for help last year sued Culver City police Tuesday, alleging they shot her unarmed husband in the back as he was running …
Read More University of California Fires Swim Coach over Misconduct, Harassment Allegations
Longtime University of California women’s swimming coach Teri McKeever was fired following an investigation into alleged harassment, bullying and verbally abusive conduct, the school said in a statement. McKeever led the Golden Bears to four NCAA team titles over 29 …
Read More Carolina’s Curi Merges with Constellation Medical Liability Insurer Group
Curi Holdings, a Raleigh-headquartered medical liability insurance company, plans to merge with Minnesota-based Constellation Inc., creating a company with more than $2 billion in assets, the companies said in a press release. Curi, which notes it is malpractice insurance for …
Read More New Zealand Provides NZ$700,000 in Additional Funding for Post-Flood Rebuilding
New Zealand’s government on Thursday announced NZ$700,000 ($450,000) in additional funding to help rebuild flood-ravaged Auckland and other areas in the upper north island as residents of the country’s second-largest city start cleaning up. Auckland and much of New Zealand’s …
Read More People Moves: AGCS Taps Chaucer’s Graham for Marine Team; BHSI Names De Wilde Head of Property, Switzerland; HDI Global Specialty Promotes Spafford in Canada Branch
This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS); Berkshire Hathaway Specialty Insurance (BHSI), and HDI Global Specialty. A summary of these new hires follows here. AGCS Taps Chaucer’s Graham for Marine Team in …
Read More OSHA Cites Connecticut Contractor for Worker’s Death in Trench Collapse
A federal investigation has found a Connecticut contractor’s failure to provide legally required safeguards and make sure they were in place to prevent trench collapses contributed to the death of an employee buried when an 8-foot-deep trench caved in. Investigators …
Read More Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit
Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global Clients and Solutions. Swiss Re Corporate Solutions will continue as …
Read More Allstate Reports $310M Q4 Loss as Auto Claims Costs Motor Past Rate Hikes
As it had warned last month, Allstate Corp. reported a fourth quarter 2022 loss of $310 million as losses from auto insurance outpaced an increase in revenue. Results were in comparison to net income of $790 million for Q4 2021. …
Read More Thousands of Nigerians Join Landmark Lawsuit Against Shell in UK
More than 13,500 Nigerians joined their communities in a lawsuit against Shell Plc before a landmark UK trial that could have far-reaching implications for parent-company responsibility over the actions of foreign subsidiaries. The residents of the crude-rich Niger Delta are …
Read More ION Trading UK Indicates Cyber Attack Could Take 2-3 Days to Resolve
ION Trading UK, the software firm hit by a cyberattack, has indicated it could take two to three days to resolve the situation, people familiar with the matter said. The London-based firm gave that time frame to some of the …
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