INSURANCE NEWS
People Moves: Dimura Named Director of Pharmacy for Alliant
Alliant Insurance Services has named Jennifer Dimura executive vice president and national director of pharmacy for its employee benefits group, based in Charlotte, North Carolina. Dimura, who was previously vice president and director of pharmacy solutions at a global insurance …
Mississippi Jury Finds Officers Justified in 2017 Wrong-House Shooting
OXFORD, Miss. (AP) — A Mississippi jury has rejected a civil lawsuit seeking money damages from two police officers who fatally shot a man while serving a warrant at the wrong house. A federal court jury in Oxford on Thursday …
Australia’s New Hope to Ramp Up Coal Output, Sees Modest Insurance Premium Hikes
Australian miner New Hope Group’sCEO Rob Bishop said on Tuesday plans are progressing to double output over the next three years to meet an expected surge in demand for coal-fired power, after reporting a nearly 11% rise in fiscal 2023 …
Inman Kircher McBride of New Jersey Joins World Insurance
Insurance brokerage WorldInsurance Associates reported that Inman Kircher McBride Agency, Inc. (IKM) of Harvey Cedars, New Jersey joined World on September 1. IKM provides personal insurance programs for auto, home, coastal homes, seasonal and vacation homes and rental homes. IKM …
Sandy Hook Families Who Won Suit Against Alex Jones Have Not Seen a Dime
Alex Jones` personal spending is frustrating families who are trying to collect on the $1.5 billion in judgments against him for calling the 2012 Sandy Hook elementary school shooting a hoax. The conspiracy theorist and Infowars host has been paying …
SiriusPoint Announces MGA Partnership with Nordic Marine Insurance
SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, and Stockholm-based Nordic Marine Insurance have announced a new strategic partnership. Founded in 2012, Nordic Marine is a managing general agent that provides niche insurance products to the global maritime industry and …
TikTok Fined €345M Over Handling of Children’s Data in Europe
TikTok has been fined 345 million euros ($370 million) for breaching privacy laws regarding the processing of children’s personal data in the European Union, its lead regulator in the bloc said on Friday. The Chinese-owned short-video platform, which has grown …
Britain Must Not Damage Financial Services Sector Resilience: BoE’s Woods
Easing rules to boost the post-Brexit global competitiveness of Britain’s financial sector can only be done while maintaining a resilient financial system, Bank of England Deputy Governor Sam Woods said on Tuesday. The Bank of England was given a new …
Markets/Coverages: Canopius Expands Into US Excess Casualty Market
Canopius Group, the London-based specialty re/insurer, announced the strategic expansion of its U.S. casualty business with its entry into the domestic U.S. excess casualty market on Canopius U.S. Insurance Co. paper. Canopius said the move underscores its commitment to expanding …
EU Business Concerned About ‘Lack of Clarity’ in China’s Data Laws
European Union businesses are concerned about China’s data laws, including their “lack of clarity” and the “long processes” that companies have to undergo, European Commission Vice President Vera Jourova said on Tuesday. In July, China expanded its counter-espionage law. It …
Woodruff Sawyer: Softer D&O Market Still Offers Concerns for Underwriters
While concerns about a “tsunami of pandemic-related litigation” never quite materialized, according to Woodruff Sawyer in its latest D&O Looking Ahead Guide for 2023, those fears have been replaced with a number of others among D&O insurers. Economic challenges such …
Hackers Who Breached Casino Giants MGM, Caesars also Hit 3 Other Firms, Okta Says
Hackers who breached casino giants MGM Resorts International and Caesars Entertainment in recent weeks also broke into the systems of three other companies in the manufacturing, retail, and technology space, a security executive familiar with the matter said. David Bradbury, …