Insurance
Jury Acquits Truck Driver in 2019 New Hampshire Crash That Killed 7 Motorcyclists
A jury on Tuesday acquitted a commercial truck driver of causing the deaths of seven motorcyclists in a horrific head-on collision in northern New Hampshire that exposed fatal flaws in the processing of license revocations across states. Volodymyr Zhukovskyy, 26, …
Read More Zurich Insurance Reports 25% Increase in H1 Operating Profit, Beating Expectations
Zurich Insurance Group reported a better-than-expected 25% rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ($1.91 billion) share buyback on Thursday, sending its shares higher. Europe’s …
Read More Iowa Metal Manufacturer Settles $500,000 False Claims Act Lawsuit
A southwest Iowa company that makes metal castings used by military contractors in helicopters and other equipment has reached a settlement in a lawsuit alleging the company failed to test the castings and falsely certified test results over seven years. …
Read More UK’s Aviva Gives Lower-Paid Staff £1,000 to Help Pay Soaring Energy Bills
UK insurer Aviva Plc is the latest financial firm to give some of its staff a one-time payment to help them with the cost-of-living crisis. Around 7,000 of Aviva’s lowest-paid employees were told last week they will get a payout …
Read More BHSI Hires Kammermann for Exec & Professional Lines in Switzerland; Apollo Taps Beazley’s Foster as Head of Property; MGA Aqueous Hires Hall as Development U/W
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance, Apollo Syndicate Management, and specialist MGA Aqueous Underwriting. A summary of these new hires follows here. BHSI Launches Exec & Professional Lines in Switzerland, Led by Kammermann …
Read More Historic Drought, Low River Levels Threaten to Cripple Trade Across Europe
In the midst of an arid summer that set heat records across Europe, the continent’s rivers are evaporating. The Rhine — a pillar of the German, Dutch and Swiss economies for centuries — is set to become virtually impassable at …
Read More Higginbotham Adds Another with Acquisition of Holman in Georgia
Higginbotham, an independent insurance and human resources firm, has kept up its pace of steady growth with the recent acquisition of Georgia-based Holman and Co., a broker of commercial and personal lines property and casualty insurance and benefits. Employee-owned Higginbotham, …
Read More UK Insurer Aviva Posts 14% Rise in H1 Operating Profit
Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. Activist investor Cevian Capital, …
Read More Wildfires Rage in France, Destroying Homes, Forcing Evacuation of Residents
Wildfires tore through the Gironde region of southwestern France on Wednesday, destroying homes and forcing the evacuation of 10,000 residents, some of whom had clambered onto rooftops as the flames got closer. Black-and-orange skies, darkened by the smoke billowing from …
Read More Indiana House Explosion Leaves 3 Dead, 39 Homes Damaged
An explosion at an Evansville, Indiana house killed three people and damaged 39 houses, officials said Wednesday afternoon. Evansville Fire Department Chief Mike Connelly said two of the people killed were in the house of the explosion, while the third …
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