INSURANCE NEWS
Three College Students Killed in West Virginia Auto Accident
Three Virginia college students were killed when their vehicle left a road and struck a tree in West Virginia, authorities said Friday. The single-vehicle accident occurred Thursday night along West Virginia Route 259 near the Virginia border, the Hardy County …
Magic Kingdom Could Soon Be Lost Kingdom for Disney
Disney’s government in Florida has been the envy of any private business, with its unprecedented powers in deciding what to build and how to build it at the Walt Disney World Resort, issuing bonds and holding the ability to build …
People Moves: CFC Taps Markel’s Bailey to Lead Cyber U/W; Lockton Hires James as Head of Facilities & Binders; WTW Appoints Aon’s Van Ede for Trade Credit
This edition of International People Moves details appointments at the MGA CFC Underwriting, Lockton, and WTW. A summary of these new hires follows here. CFC Taps Markel’s Bailey as Cyber Underwriting Leader CFC Underwriting, the London-based specialist managing general agent, …
Lloyd’s Names Former Ascot CEO Brooks as Deputy Chair of Council
Lloyd’s of London announced that Andrew Brooks has been appointed as deputy chair of the Council of Lloyd’s. Brooks recently stepped down as chief executive officer of Ascot Underwriting Ltd. – a position he held for 15 years. He also …
Global Reinsurers to Bear Bulk of Losses From Turkey-Syria Earthquake: Fitch
Most insurance payouts due to the earthquake that hit Turkey and Syria ultimately will be borne by global reinsurers, according to Fitch Ratings. “The vast majority of insured losses will be covered by reinsurance, but the amount ceded is likely …
NFL Must Face Class Action Lawsuit Over ‘Sunday Ticket’ Prices
The National Football League (NFL) must face a $6 billion class action alleging it unlawfully limited televised games and drove up the cost of its “Sunday Ticket” package, a U.S. judge ruled on Tuesday. Sunday Ticket lets subscribers watch local …
Quake Latest: More Than 16,000 Dead Across Turkey, Syria; Rescue Efforts Intensify
Thousands of foreign aid workers have arrived in Turkey to help rescue people from under the rubble and deliver urgent supplies to areas stricken by this week’s twin earthquakes. The death toll has surpassed 16,000 across Turkey and neighboring Syria, …
Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk
A group of European institutional investors is backing a novel London lawsuit against energy giant Shell’s board over alleged climate mismanagement in a case that could have far-reaching implications for how companies tackle emissions. ClientEarth, an environmental law charity turned …
The Super Bowl Is Coming… Are Your Clients Planning Accordingly?
Hurts will try and put the hurt on Mahomes. The brothers Kelce will battle it out. The pregame show will last six hours. People will watch commercials they will actually remember. Rihanna at the half. Confetti and champagne at the …
Granada Financial Agrees to Acquire Controlling Interest in Topa Insurance Group
Granada Financial Group said it has entered into a definitive agreement to acquire the controlling interest in Topa Insurance Group from long-time owner, Anderson Holdings. The transaction is subject to customary closing conditions, including regulatory approvals. While Granada will assume …
People Moves: QBE North America Makes Key Executive Appointments
QBE North America Makes Key Executive Appointments QBE North America, based in New York, New York, has announced two key executive appointments. Rachel Pollack has been appointed chief people officer. Pollack joined QBE in 2008 and has held various roles …
Brothers in Fraud: Carolina Insurance Agents Plead Guilty to Ponzi Scheme Charges
Two brothers, longtime insurance agents in Whiteville, North Carolina, are on their way to several years in prison after pleading guilty to running a Ponzi scheme that defrauded friends, family and other members of the community. “The level of greed …