INSURANCE NEWS
Marsh Specialty: 2024 Elections to Direct Global Course for Next Decade-Plus
More than 60 elections will be held worldwide in 2024, and the outcomes will likely affect international relationships, drive policy uncertainty and disrupt markets, Marsh Specialty leaders said in a new political risk report. “The outcomes of the elections taking …
Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation
Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers are just three of the strategies Aspen’s Chief Claims Officer Tony Rai suggests that insurers start undertaking—in concert with their …
Class Action Lawsuits Pile Up Over UnitedHealth Data Breach
UnitedHealth Group has already been hit with at least six class action lawsuits accusing it of failing to protect millions of people’s personal data from last month’s hack of Change Healthcare, its payment processing unit, with more lawsuits likely to …
Chubb’s Greenberg Defends Issuing Appeal Bond to Trump: ‘We Don’t Take Sides’
Chubb CEO Evan Greenberg, recognizing the criticism swirling around his company’s involvement in providing Donald Trump with a $91.6 million appeal bond so he can appeal a verdict, penned a letter to explain. “When Chubb issues an appeal bond, it …
Court Upholds Kansas Law Banning Changes to Transgender Driver’s Licenses
TOPEKA, Kan. (AP) — A Kansas judge ruled Monday that the state isn’t violating transgender residents’ rights under the state constitution by refusing to change their driver’s licenses to reflect their gender identities. District Judge Teresa Watson kept in place …
Oklahoma House Passes Bill to Fund Fortified Homes Program
Oklahoma lawmakers in the House of Representatives on Tuesday approved a bill that would provide financial grants to residents to construct or retrofit homes, making them more resilient against the destructive forces of tornadoes, windstorms and hail. House Bill 3089, …
People Moves: Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun; DUAL France Taps Déal From Everest as Managing Director
This edition of International People Moves details appointments at Arch Reinsurance and DUAL France. A summary of these new hires follows here. Arch Reinsurance Promotes 3 Senior Leaders: Halgan, Hardy Pickering and Pun Arch Reinsurance Group announced the promotions of …
Brawner Acquires Missouri’s Armstrong
Brawner Insurance Agency recently acquired Armstrong Insurance, a four-year-old agency serving Northeast Missouri. Brawner Insurance owner Jared Brawner will continue to serve as president and hired Jake Bunker as Sales Advisor to assist with day-to-day operations. Bunker brings 12 years …
Iowa Woman Charged With Insurance Fraud
An Iowa woman was charged with one count of Insurance Fraud – Presenting False Information (Class D Felony) and one count of Theft in the 2nd Degree (Class D Felony) following an investigation by the Iowa Insurance Division’s Fraud Bureau. …
Russian Hackers Are Weaponizing Stolen Microsoft Passwords
A Russian state-sponsored hacking group that stole sensitive data from Microsoft Corp. executives is trying to leverage that information to compromise the company’s source code and other internal systems, according to the technology giant. The revelation makes clear that a …
Florida Jury Awards $32M Against Cleveland Clinic. Did ‘Changing Stories’ Play Role?
A Broward County jury has decided that the Cleveland Clinic Florida should pay almost $32 million to the estate of a man who was not put in intensive care after suffering septic shock and later died. The jury found the …
PE Firm Nordic Capital Weighs Sale of Regulatory Tech Firm Regnology: Sources
Nordic Capital is weighing a sale of German regulatory software firm Regnology, in a deal which could value the business at up to 3 billion euros ($3.27 billion), four people familiar with the matter told Reuters. The private equity firm …