INSURANCE NEWS
People Moves: Marsh Promotes Donnelly to Global Head of Placement; Markel Names AIG’s Conyard as Digital & Portfolio Exec in Distribution Team
This edition of International People Moves details appointments at Marsh and Markel. A summary of these new hires follows here. Marsh Promotes Donnelly to Global Head of Placement Insurance broker Marsh announced the appointment of John Donnelly as global head …
Moody’s Creates Private Credit Rating and Research Group
Ratings agency Moody’s is creating a unit to research and rate private credit, the firm said on Monday. The unit will be headed by Ana Arsov, who will coordinate research and rating initiatives in the field, Moody’s Investors Service said …
2nd Worker Trapped in Collapsed Kentucky Coal Structure Has Died
The second of two workers trapped under a coal mine preparation plant that collapsed earlier this week in eastern Kentucky has died, Gov. Andy Beshear announced Friday. “This is a heartbreaking situation,” the Democratic governor wrote on social media, calling …
As Acapulco Rebuilds After Hurricane Otis, Other Mexico Resorts Urged to Heed Lessons
Hurricane Otis not only devastated Acapulco, but also exposed fatal weaknesses in aging infrastructure, teaching hard lessons that coastal cities throughout Mexico must draw on. As Acapulco rebuilds after the deadly Category 5 hurricane, climate experts, architects, engineers and politicians …
Georgia Condo Association Leaders Charged with Taking Insurance Proceeds After Fire
Police in South Fulton, Georgia, have charged the president and treasurer of a large condominium association with stealing more than $1.5 million in insurance payouts after two fires in 2020 destroyed a building. Multiple Georgia news outlets reported that Camelot …
More SE Houses Being Built to Withstand Hurricanes – and Cut Emissions
When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the windows of Bonny Paulson`s home in the tiny coastal community of Mexico Beach, Florida, even though the house rests on …
Judge Rules Ex-UCLA Gynecologist Can Be Retried on Charges of Sexually Abusing Female Patients
A former gynecologist at the University of California, Los Angeles who was sentenced to prison for sexually abusing student patients can be retried on charges involving additional women, a judge ruled. A Superior Court judge granted a prosecution request to …
California Jury Awards $332M to Man Who Blamed His Cancer on Use of Roundup
A California jury has awarded $332 million to a man who sued chemical giant Monsanto Co. contending that his cancer was related to decades of using its Roundup weedkiller. A San Diego Superior Court jury awarded damages in a lawsuit …
Supreme Court to Hear Free Speech Complaint by NRA Against New York Regulator
The U.S. Supreme Court last Friday agreed to hear an appeal by the National Rifle Association of a case in which it accuses a New York insurance regulator of violating its free speech rights when she urged insurance companies and …
More Highly Contagious Avian Flu Found at Alabama Chicken Farm
MONTGOMERY, Ala. (AP) — After confirming the presence of highly pathogenic avian flu in a flock of chickens, nearly 48,000 birds were killed at a north Alabama farm, state agriculture officials said. A Marshall County commercial pullet farm — one …
Arthur J. Gallagher & Co. Acquires Ireland’s Keaney Insurance Brokers
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Dublin, Ireland-based Keaney Insurance Brokers Ltd. Terms of the transaction were not disclosed. Keaney is a commercial insurance broker that supports businesses across Ireland with insurance …
Markets/Coverages: Coalition Offers Active Cyber Insurance in Australia
Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, launched its suite of innovative Active Cyber Insurance products in Australia. Active Cyber Insurance works with organizations to help them understand their cyber risk profiles, improve their defenses, and, …