INSURANCE NEWS
People Moves: De Fazio Joins Woodruff Sawyer as Southwest Regional Growth Leader
Mic De Fazio has joined Woodruff Sawyer in a new role as regional growth leader for the Southwest region. De Fazio will lead a team of specialized producers in efforts to design and build new growth initiatives. Prior to joining …
Few Attorneys Left at Troubled McClenny Moseley & Associates
McClenny Moseley & Associates filed more than 2,000 hurricane-damage lawsuits in Louisiana, but now appears to have no attorneys left in the state to pursue them. Three attorneys who once worked in MMA’s New Orleans office have posted notice on …
Miami Homeowner Charged with Falsifying Insurance Claim on Patio Door Damage
Florida authorities have charged a Miami-area homeowner with fabricating and inflating damage estimates to his home in an attempt to defraud Tokio Marine Insurance Co. out of thousands of dollars. Trevor Lawrence Taylor, 50, was arrested this week and booked …
EU Prepares for Climate Stress Test That Includes Insurers
The European Union is starting to prepare the region’s next stress test to measure the financial sector’s readiness for climate change, with the exercise set to involve the insurance industry for the first time. The European Commission last week asked …
People Moves: Lloyd’s Names James as COO, Taking Over From Keese Who Continues as CFO; Howden Tiger Builds Int’l Treaty Team With Appointment of Ed Broking’s Jani
This edition of International People Moves details appointments at Lloyd’s and Howden Tiger. A summary of these new hires follows here. Lloyd’s Names James as COO, Taking Over From Keese Who Will Continue as CFO Lloyd’s of London announced that …
Louisiana Insurance Commissioner Jim Donelon Won’t Seek Reelection
Louisiana Insurance Commissioner Jim Donelon announced Tuesday that he will not run for reelection this fall, marking an end to 17 years as the state’s chief insurance regulator. “I’ve made that decision for two reasons: The first is to remove …
Juul to Pay Chicago $23M for Underage Vaping Settlement
CHICAGO (AP) – Vaping company Juul Labs will pay Chicago $23.8 million to settle a lawsuit alleging the company marketed products to underage users, the city announced Friday. The Chicago Department of Public Health will use the money for youth …
Iowa Athletics Department to Cover $4.2M Race Bias Settlement
OWA CITY, Iowa (AP) – A race discrimination lawsuit filed against the University of Iowa by former football players will be settled using funds entirely from the school instead of having taxpayer money cover half of the $4.2 million deal, …
Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer
A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to pay for his legal defense after he was cut off by the bank’s insurers. Brijesh Goel, who has pleaded not …
Philippines Increases Efforts to Contain Oil Spill From Sunken Tanker
Philippine authorities have increased efforts to contain an oil spill from a sunken fuel tanker that has affected coastal towns and was still spreading, the environment ministry said on Tuesday, as the country grapples with cleanup challenges. Improvised spill booms …
New Mexico Lawmakers Seek Assurances Amid Prescribed Burns
Members of New Mexico’s congressional delegation are looking for assurances from the U.S. Forest Service that the agency is taking preventative measures to ensure that future prescribed fires don’t turn into disasters. They sent a letter this week to Forest …
Scientists: Hawaii’s Kilauea Not Erupting, Reversing Warning
Hawaii’s second–largest volcano is not erupting, scientists said in an update to a previous warning. The U.S. Geological Survey said in a statement that seismic activity beneath the summit of Kilauea “has returned to background levels, ground deformation has stabilized, …