Insurance
RT Specialty to Open New Excess Cyber Facility
RT Specialty, the wholesale insurance distributor of Ryan Specialty, has announced a new and exclusive excess cyber facility. This new facility brings additional capacity and creative insurance solutions to the cyber market. The new facility offers up to $15 million …
Read More Wrongful Death Suit Filed in Fatal Crash of Oklahoma Officer
The family of an Oklahoma police officer killed when a truck struck the motorcycle he was riding while on duty is suing the driver and his employer. The wrongful death lawsuit, dated last Friday, on behalf of Edmond Officer C.J. …
Read More Michigan Diesel Company Fined $10 Million Over Clean Air Act Violations
On Aug. 29, the U.S. District Court in the Eastern District of Michigan awarded a default judgment, granting the proposed $10 million civil penalty against Diesel Ops LLC and Orion Diesel LLC of Waterford, Michigan. The violations the United States …
Read More Texas Drought Decimates Cotton Production
Cotton production has been decimated by drought and extreme heat this year, costing Texas High Plains farmers and other agricultural industries at least $2 billion, according to one estimate. “There’s just not much crop out there,” said Brad Heffington, a …
Read More Baggage Handler at New Orleans’ Airport Killed in Accident
A 26-year-old worker at Louis Armstrong New Orleans International Airport was killed after an accident while unloading baggage from a Frontier Airlines flight, authorities said. The Jefferson Parish Coroner’s Office on Wednesday identified the victim as Jermani Thompson, of Reserve, …
Read More Veterans Seeking Earplug Damages Sue to Block 3M Healthcare Spinoff
Two U.S. military veterans on Thursday sued 3M Co. to block its planned spinoff of its healthcare business, which they called an illegal attempt to avoid compensating veterans for hearing damage caused by the company’s military-issue earplugs. The veterans said …
Read More S. Korea Braces for Strongest Typhoon in Nation’s History With Major Damage Expected
South Korea is bracing for the strongest storm in the nation’s history with Super Typhoon Hinnamnor forecast to hammer its southern coastal areas next week. The worst of the typhoon is forecast Monday or Tuesday when the weather system is …
Read More Sompo International Sells Run-off Business at Lloyd’s to Legacy Specialst RiverStone
Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the sale of its Endurance at Lloyd’s (EAL) run-off business to RiverStone Holdings Ltd., the legacy specialist. The deal completes the company’s previously communicated objective to …
Read More People Moves: Sompo Int’l Taps Zurich’s Brand as President, Continental Europe; HDI Global Specialty Promotes Candi in Italy Branch; DUAL APAC Promotes 2 Execs
This edition of International People Moves details appointments at Sompo International, HDI Global Specialty, and DUAL Asia Pacific. A summary of these new hires follows here. Sompo International Taps Zurich’s Brand as President, Continental Europe Sompo International, the Bermuda-based re/insurer, …
Read More New York Launches $6.5M Fund for ‘Clean Tech’ Insurance Products; Seeks Program Manager
New York Governor Kathy Hochul announced a $6.5 million program to support Insurance Innovation for climate-technologies, a new program focused on the research and development of new insurance policies and products that will “promote the adoption of clean technologies” across …
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