INSURANCE NEWS
People Moves: Travelers Names Duncan President of Northfield; Kapoor SVP at NFP; Starr Insurance Hires Shannon Sr. Investment Officer
Travelers Names Duncan President of Northfield Excess & Surplus Travelers has named Marsh Duncan its new president of Northfield Excess & Surplus, a specialty division. Marsh will oversee Northfield’s current business while identifying new areas for growth. Before joining the …
States Consider Ban on Cosmetics With ‘Forever Chemicals’
A growing number of state legislatures are considering bans on cosmetics and other consumer products that contain a group of synthetic, potentially harmful chemicals known as PFAS. In Vermont, the state Senate gave final approval this week to legislation that …
J&J Talc Unit 2nd Bankruptcy Must Be Dismissed, Cancer Victims’ Lawyers Say
Johnson & Johnson’s renewed effort to resolve talc lawsuits through an $8.9 billion bankruptcy settlement must be dismissed as a “fraudulent scheme” that defies a court order rejecting the company’s previous attempt to settle the litigation, according to a court …
Historic Building in Jacksonville to Become Affordable Housing Units
Construction is underway to build a new multifamily apartment community providing workforce housing in downtown Jacksonville. The Lofts at Cathedral at 325 and 327 E. Duval St., will include a total of 120 apartments. The project calls for the renovation …
Wildfire Threat Grows as Florida Drought Worsens
The threat of wildfires is growing in Florida over the coming weeks as more than half the state is experiencing severe to extreme drought conditions likely to persist until rainy season resumes around mid-May, state and federal officials said Thursday. …
Building Explodes and Collapses in Marseille, France
More than 100 firefighters worked against a ticking clock to extinguish flames deep within debris to save up to 10 people possibly buried after a building exploded and collapsed early Sunday in the French port city of Marseille. Interior Minister …
DOJ: Unjustified Force, Bias Still Plague New Orleans Police
Unjustified use of force, dangerous vehicle pursuits and racially biased policing continue to be problems for the New Orleans Police Department, the U.S. Justice Department said in a Friday court filing, opposing the city’s move to terminate a decade-old court-backed …
Nexus Acquires Majority Stake in Dubai-Based MGA, Spectrum Risk Management
Nexus Underwriting announced that it has completed the acquisition of a majority stake in Spectrum Risk Management, a specialist MGA headquartered in Dubai that focuses on marine and property insurance and reinsurance. This is the 16th acquisition for Nexus since …
Ohio Food Plant Faces $1.9M in Fines After Worker’s Leg Amputation
While working the overnight sanitation shift at an Ohio food processing plant, a 29-year-old temporary worker – on the job just nine months – suffered critical injuries after falling into an industrial blender he was cleaning and became caught in …
Detroit Apartment Fire Injures 11
DETROIT (AP) – About a dozen people were hurt in an apartment building fire early Friday morning on Detroit’s west side. Twenty people were displaced and 11 people suffered injuries including smoke inhalation, bumps and bruises, Fire Chief James Harris …
Kansas Passes Anti-ESG Bill
TOPEKA, Kan. (AP) – A proposal designed to thwart investing that considers environmental, social and governance factors has cleared the Kansas Legislature, but divisions within its GOP majorities kept the measure from being as strong as some conservatives wanted. Lawmakers …
Students Flunk Test for Class Action Over Covid Cutbacks by University
A federal court has rejected a proposed class action by students against Boston University over alleged damages they suffered due to cutbacks by the school during the Covid-19 pandemic. The students sought a refund of payments they made for tuition …