INSURANCE NEWS
J&J, Cancer Victims Ordered to Start Mediation in Bankruptcy
A federal judge ordered a new round of settlement talks between Johnson & Johnson and lawyers who spurned the company’s offer to pay $8.9 billion to end tens of thousands of cancer claims filed by people who used the company’s …
Altria Agrees to $235 Million Settlement to Resolve Juul-Related Cases
Altria Group Inc said Wednesday that it will pay $235 million to settle at least 6,000 lawsuits accusing it of fueling a teen vaping epidemic through its former investment in e-cigarette maker Juul Labs Inc. The deal ends nearly all …
East, Southern Europe Win as Firms Rethink Supply Chains
Low-cost economies in eastern and southern Europe are being increasingly favored for investment as companies around the world revamp supply chains to make them more resilient and cost-efficient, a study by professional services group EY found. The finding came as …
EU Lawmakers Warn of Hungary, Poland Spyware Abuses
European Union lawmakers investigating the use of Pegasus spyware against opposition politicians and journalists on May 9 raised deep concern about abuses in Hungary and Poland and lamented a lack of cooperation with their inquiry. The spyware developed by developed …
People Moves: Chubb Appoints Homan to Lead International P/C Division
Chubb Appoints Homan to Lead International Property and Casualty Division Chubb today announced that Mark Homan has been appointed division president, international property and casualty for overseas general insurance, the company’s international general insurance operations, effective June 1. Currently, he …
Carolina-based ECM Solutions Merges with IMA Financial Group
ECM Solutions, known as the largest privately owned independent agency in the Carolinas, has agreed to merge with IMA Financial Group, a major North American insurance brokerage. ECM, which has 80 associates and offices in Charlotte, North Carolina, and in …
People Moves: Powers Insurance & Risk Management Promotes Jaboor to IT Associate
Powers Insurance & Risk Management Promotes Jaboor Powers Insurance & Risk Management has promoted Drew Jaboor to IT associate. Jaboor will assist with onboarding new employees, perform ongoing system training for all employees, and maintain the organization’s technology systems. Jaboor …
Storm Tears Roofs Off Buildings in Northern Missouri
TRENTON, Mo. (AP) – Severe storms tore the roofs off several buildings in northern Missouri and pelted the region with softball-sized hail. Grundy County Emergency Manager Glen Briggs told KSHB television that several buildings in Trenton, about 100 miles (160 …
Alera Group Acquires Texas-Based Sheridan
Alera Group, a national insurance and wealth services firm, announced the acquisition of Austin, Texas-based Sheridan Insurance Group, a team of experienced professional liability specialists helping meet the insurance and risk management needs of the healthcare community. The Sheridan Insurance …
Hobby Lobby to Settle $50K Disability Discrimination Suit at Kansas Store
Hobby Lobby Stores, Inc., a national arts and crafts retailer, will pay $50,000 to resolve a disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. According to the EEOC’s lawsuit, Hobby Lobby violated …
New Hampshire Begins Search for Insurance Commissioner as Nicolopoulos to Exit
New Hampshire Governor Chris Sununu announced that Insurance Commissioner Christopher Nicolopoulos will not be seeking reappointment upon the conclusion of his term. Nicolopoulos began serving a five-year term in February 2020. Sununu said a search for a new Insurance commissioner …
Hyundai and Kia Thefts Keep Rising Despite Security Fix
Nearly three months ago, Hyundai and Kia unveiled software that was designed to thwart an epidemic of thefts of their vehicles, caused by a security flaw that was exposed on TikTok and other social media sites. So far, it hasn’t …