INSURANCE NEWS
GM’s Cruise Recalling 950 Driverless Cars After Pedestrian Dragged in Crash
Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls, General Motors’ self-driving unit said. The cars are being recalled because the collision …
Lawsuit on West Virginia Jail Conditions Has Been Settled
CHARLESTON, W.Va. (AP) — A lawsuit filed by inmates who described conditions at a southern West Virginia jail as inhumane has been settled, a federal judge said Tuesday, a week after a magistrate judge said some records in the suit …
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
Applied Underwriters has launched a new holding company called “United Risk,” which brings together the company’s MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy has been named CEO of the new unit. “Under Dan Malloy’s …
Reporter Arrested During Protest Will Receive $700K From Los Angeles County
A radio reporter taken into custody while covering a demonstration the night two sheriff’s deputies were shot three years ago reached a $700,000 settlement with Los Angeles County. The Los Angeles County Board of Supervisors approved the payout to Josie …
Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Production Vessel
Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas …
FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit
Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly before his trial began in early October, …
People Moves: Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver Re’s Head of Retro; Aon Merges UK and EMEA, Naming Page as CEO
This edition of International People Moves details appointments at brokers Ardonagh Specialty (and its reinsurance unit Inver Re) and Aon. A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver …
Democrats Preserve Majority With Win in Pennsylvania Supreme Court Race
Democrat Dan McCaffery won an open seat on Pennsylvania’s Supreme Court in Tuesday’s general election, preserving a strong Democratic majority on a panel that has produced several critical election-related rulings in the presidential battleground state. The seven-member bench, which will …
Nearly 1M Chickens Will be Killed on a Minnesota Farm Due to Bird Flu
Nearly 1 million chickens on a Minnesota egg farm will be slaughtered to help limit the spread of the highly contagious bird flu after it was confirmed there, officials said Monday. The U.S. Department of Agriculture announced that the virus …
Insured Losses from Winter Storm Ciarán Range From €800M to €1.3B: Verisk
Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will range between €800 million and €1.3 billion ($855.2 million and $1.4 billion), with the majority of the losses expected in …
Peace Corps to Pay $750,000 in Settlement to Family of Illinois Woman Who Died After Misdiagnosis in East Africa
The Peace Corps has agreed to pay $750,000 to the family of a 24-year-old volunteer from Illinois who died in 2018 in East Africa after the agency’s doctors misdiagnosed a case of malaria, a law firm announced Tuesday. Bernice Heiderman …
UN Chief Says It Will Be Difficult to Revive Black Sea Grain Deal
United Nations Secretary-General Antonio Guterres told Reuters NEXT on Wednesday that it will be difficult to revive a landmark deal that allowed the safe Black Sea export of Ukraine grain, which Russia quit in July over complaints about its own …