INSURANCE NEWS
Texas Governor Appoints Bolduc as Public Counsel for OPIC
Texas Governor Greg Abbott has appointed David Bolduc as the Public Counsel for the Office of Public Insurance Counsel (OPIC) for a term set to expire on February 1, 2025. The Office represents the interests of insurance consumers in regulatory …
People Moves: Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting; Verlingue Hires Hiscox’s Bethell as Head of Private Clients
This edition of International People Moves details appointments at media, tech and cyber MGA, Nirvana, and the broker Verlingue. A summary of these new hires follows here. New Specialty MGA Nirvana Taps Sompo’s Mannsdorfer for European Underwriting Nirvana, the newly …
Chubb Announces Climate-Focused Underwriting Standards for Oil and Gas Extraction
Chubb Ltd. announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions, a by-product of oil and gas production that are among the most severe greenhouse gases. Chubb also announced it will …
Dispute Over Van Gogh Art In Detroit Settled
DETROIT (AP) – A deal has been reached over control of an 1888 painting by Vincent van Gogh, lawyers said, weeks after the custody fight created public buzz and much tension near the end of a rare U.S. exhibition in …
Floor Collapses Onto 2 Chicago Firefighters
CHICAGO (AP) – A floor collapsed onto two Chicago firefighters early Tuesday as they were helping battle a residential fire, trapping one of them until he was rescued, officials said. Crews arrived at the townhouse about 4 a.m. on the …
People Moves: Lonergan Joins Cadence Insurance as Dallas/Fort Worth Market President
Lonergan Joins Cadence Insurance as Dallas/Fort Worth Market President Kristin Lonergan has joined Cadence Insurance, Inc., headquartered in Houston, Texas, as Dallas/Fort Worth market president. In her new role, she will build and lead a commercial, personal and group benefits …
J&J to Seek U.S. Supreme Court Review on Unit’s Bankruptcy
Johnson & Johnson said on Wednesday that it would seek a U.S. Supreme Court review of its strategy to address tens of thousands of lawsuits over its talc products in bankruptcy court, after a U.S. appeals court rejected its request …
Court Blasts Accident Board for Unsupported Order to End Worker’s Drug Therapy
The Superior Court of Delaware has reversed an order of the Industrial Accident Board (IAB) that an injured former employee stop her doctor-prescribed morphine treatments within six months. The court blasted the IAB for “clearly” abusing its discretion with its …
North Carolina Dems Hoping to Stop Elimination of Corporate Income Tax
Democratic lawmakers and advocacy groups called Monday for blocking the planned elimination of North Carolina’s corporate income tax, arguing that companies that benefit from operating in the state should pay a proper share for necessary public services. Prospects are low …
Mississippi Doctor Avoids Jail Time in Multimillion-Dollar Cream Scheme Fraud
A Mississippi doctor will not spend time in jail after pleading guilty to federal misdemeanor charges for his role in a health care fraud scheme that prosecutors said cost insurers about $515 million. Dr. Gregory Auzenne, 51, of Meridian, entered …
Report: Nearly 3,000 Buildings Affected by California Floods
An analysis released on Wednesday shows 2,933 properties were impacted by flooding across California, with an average inundation depth at building level of just over 1 foot. ICEYE’ss Flood Insights, a data utility for insurers and emergency management organizations, are …
Zuckerberg, Meta Are Sued for Failing to Address Sex Trafficking, Child Exploitation
A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc. executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram. The complaint made public late Monday by several pension …