INSURANCE NEWS
People Moves: Duble to Retire from Fred C. Church; Hanover Names Seibold, Barrett to Leadership; Mulick Joins IMA in Sales
Fred C. Church Makes Key Personnel Changes to Its Education Team Chris Duble, Fred C. Church chief executive officer and client executive, has announced his plans to retire at the end of 2024. Duble began his career in 1976 with …
Hurricane Lee to Push Unusual Cape Cod Bay Surge: Weather Watch
Hurricane Lee’s winds are dropping but its size continues to swell as it comes north toward New England and the Canadian Maritimes where the storm will bring coastal flooding and possible widespread power outages through the weekend. Lee’s top winds …
Apple Says iPhone 12 Meets Radiation Rules, Disputes Findings From French Watchdog
Apple defended its iPhone 12 model on Wednesday after a French watchdog ordered a halt to its sales citing breaches of European Union radiation exposure limits. The French move raised the prospect of further bans in Europe. Germany’s network regulator …
Stranded Cruise Ship Shows Risks of More Traffic in Hard-to-Reach Arctic Waters
The grounding of a luxury cruise ship off the coast of Greenland on Monday highlighted the irony of touring the fast-warming Arctic on a vessel powered by fossil fuels, the main culprit in climate change. But the incident also underscores …
Missouri Jury Awards $745M in Lawsuit Over Fatal Accident Involving Use of Nitrous Oxide
CLAYTON, Mo. (AP) – A Missouri jury has awarded $745 million to the parents of a young woman killed on a sidewalk outside an urgent care center by a driver who huffed nitrous oxide canisters right before the accident. The …
Airlines Face Growing Number of Lawsuits Over Their Climate Claims
When Dutch airline KLM launched adverts urging customers to “fly responsibly” and think about the environmental impact before booking a flight, it said it was showing its commitment to a sustainable future. But the 2019 campaign sparked criticism and last …
Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending
The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their capital rules were eased, Bank of England Deputy Governor Sam Woods said on Wednesday. Britain is rolling back capital rules …
Walmart Sued by EEOC Over Test That Screened Out Disabled Workers
The U.S. agency that enforces workplace discrimination laws said on Wednesday that it had sued Walmart Inc over allegations it fired hourly workers with disabilities who could not pass a computer-based test. The Equal Employment Opportunity Commission (EEOC) said that …
APCIA: Commonsense Reforms Needed for ‘Dark Money’ Third-Party Litigation Lending
In support of recent efforts at the state and federal levels of government to curtail third-party litigation funding, the American Property Casualty Insurance Association has asked the House Committee on Oversight and Accountability to consider disclosures. “As insurance protecting civil …
New Florida Immigration Law Could Worsen Property Insurance Costs
If Florida insureds and insurers haven’t been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida’s tough new immigration law that took effect July 1, requiring more …
People Moves: IOA Names New Western Division Team Members
Insurance Office of America (IOA) named three new members to its western division team based in Encino, Calif. Ricky Choi is a senior advisor and leader of IOA’s newly launched Korean practice. Choi has more than two decades of expertise …
Art Dealer to Rich and Famous Faces Millions in Fraud Claims
A high-profile New York art adviser with outposts in Tribeca and London is accused of withholding millions of dollars worth of artwork and cash from her clients, leaving collectors and galleries to line up in a court case to recover …