INSURANCE NEWS
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, …
Oregon Closer to Magic Mushroom Medical Therapy
Oregon was taking a major step Friday in its pioneering of legalized psilocybin therapy with the graduation of the first students trained in accompanying patients tripping on psychedelic mushrooms, although a company’s bankruptcy has left another group on the same …
Specialist Risk Group Acquires Mid-Market Commercial Broker Consort Insurance
Specialist Risk Group (SRG), the London-based insurance broker, announced the acquisition of mid-market commercial broker Consort Insurance, subject to regulatory approval. Financial details of the deal were not disclosed. Based in Witham, Essex, UK, Consort is specialist broker supporting a …
Festival Canceled, Businesses Interrupted as Red Tide, Brown Seaweed Blooms in Florida
Residents are complaining about burning eyes and breathing problems. Dead fish have washed up. A beachside festival has been canceled, even though it wasn’t scheduled for another month. To add to the misery, a giant stretch of brown seaweed is …
Driver Flees After Hitting and Injuring Two Road Workers Near Atlanta
Two road construction workers were hit by a car and seriously injured in suburban Atlanta early Sunday. Police tell local news outlets that the men had gotten out of their vehicle under an overpass in Marietta to set up an …