INSURANCE NEWS
Explosion at Ohio Metals Plant Kills 1 Worker, Injures More Than a Dozen
OAKWOOD VILLAGE, Ohio (AP) – A maintenance worker was killed in explosion at an Ohio metals plant that sparked a large fire and sent more than a dozen people to hospitals, with at least two in critical condition, authorities said. …
Epstein Victims Say Banks Chose Profits Over Following Law
Deutsche Bank AG and JPMorgan Chase & Co. chose to profit from Jeffrey Epstein’s sex-trafficking venture rather than follow the law, victims of the pedophile told a judge, urging him not to throw out their lawsuit seeking damages from the …
People Moves: AXIS Appoints Galanski Head of N.A. P&C Programs; Ningen Named Swiss Re CEO of U.S. P&C
AXIS Appoints Galanski as Head of North America Property & Casualty Programs Gabriel Galanski has joined AXIS Capital Holdings Limited as head of North American property and casualty programs. Galanski will manage, develop and administer programs and will work in …
New Mexico Law Signed to Help Wildfire, Flooding Recovery
New Mexico Gov. Michelle Lujan Grisham signed to use zero-interest loans to help local governments in the arid, Southwest state repair or replace public infrastructure damaged by wildfires or subsequent flooding. The law follows last year’s historic Hermits Peak-Calf Canyon …
Lawyer’s Family Files Wrongful Death Lawsuit Against Vegas Casino
The family of a Florida lawyer who suffered a heart attack at a Las Vegas blackjack table last year and died months later has filed a wrongful death lawsuit against a casino. The Las Vegas Review-Journal reports David Jagolinzer was …
Chaudhuri Moves from Alfa to Alabama DOI as Chief Actuary
Sanjeev Chaudhuri, the former chief actuary at Alfa Insurance, is the new chief actuary for the Alabama Department of Insurance, the DOI announced this week. Chaudhuri has more than 20 years of experience in property-casualty insurance, life insurance and accident …
People Moves: Swiss Re Promotes Ningen to CEO, US P&C Re; MS Reinsurance Hires 4 for Data, Underwriting; Aon Promotes Day, Dickson in Political Violence & Terrorism Team
This edition of International People Moves details appointments at Swiss Re, MS Reinsurance, and Aon. A summary of these new hires follows here. Swiss Re Promotes Ningen to CEO, US P&C Re Monica Ningen has been named CEO of US …
Tysers Sells Bloodstock Broking Team and Bloodstock Managing Agent to Howden
Tysers, the independent Lloyd’s broker and part of AUB Group, announced the sale of its bloodstock broking team and the bloodstock managing agent, Galileo, to Howden. “We had built an exceptional bloodstock business but, as our focus is no longer …
Stablecoin Regulatory Crackdown Sends Warning to Industry
The U.S. Security and Exchange Commission’s warning shot on Binance’s stablecoin over whether or not it is a security could offer a hint at what type of dollar-pegged tokens may draw regulatory scrutiny, critical information for other digital asset firms …
Bird Flu Costs Pile Up as Outbreak Enters Second Year
The ongoing bird flu outbreak has cost the government roughly $661 million and added to consumers’ pain at the grocery store after more than 58 million birds were slaughtered to limit the spread of the virus. In addition to the …
Austrian Children Take Government to Court Over Climate Change
A dozen minors filed a lawsuit with Austria’s top court Tuesday seeking to force the government to ensure their constitutional rights are protected by taking tougher action against climate change. A lawyer for the group said the case submitted to …
Gay Couple Wins ‘Landmark’ Health Insurance Case in South Korea
A gay couple won a lawsuit in South Korea granting them spousal coverage from the national health insurance program, an apparent first in the country that only legally recognizes marriage as between heterosexual couples. In its ruling, the Seoul High …