INSURANCE NEWS
Judge OKs Fund for University of Michigan Doctor’s Victims
A judge on Friday signed off on a fund for more than 1,000 people who said they were sexually assaulted by a University of Michigan doctor, an order that allows victims to start collecting a portion of a $490 million …
Crash That Killed Indiana Congresswoman Blamed on Failed Passing Attempt
A staffer for U.S. Rep. Jackie Walorski was trying to pass a flat-bed truck on a northern Indiana highway last month when the SUV they were in crashed into an oncoming car, killing Walorski and three other people, police said …
Acrisure Acquires Illinois’ B2Z Insurance
Acrisure announced it has acquired B2Z Insurance, a digitally native company that helps business owners obtain customizable insurance coverage in minutes. The acquisition of B2Z strengthens Acrisure’s digital offering and complements its recent partnership with QuickInsured, a technology insurance platform …
U.S. Traffic Deaths in First Half 2022 Hit 16-Year High
U.S. traffic deaths rose 0.5% in the first half of 2022 to 20,175, the highest number killed in the period since 2006, according to an early estimate released by U.S. regulators. Traffic deaths have jumped after pandemic lockdowns ended as …
Gallagher Re Taps Aon’s Bowen as Chief Science Officer; Aon Names Jursa CEO of Commercial Risk, Czech Republic; Gridel Joins Howden M&A to Lead Europe Biz Devel
This edition of International People Moves details appointments at Gallagher Re, Aon and Howden M&A. A summary of these new hires follows here. Gallagher Re Names Aon’s Bowen as Chief Science Officer Gallagher Re, the global reinsurance broker, announced it …
Fiona, Now a Hurricane, Hammers Puerto Rico and DR, But Will Miss U.S.
Hurricane Katrina will miss Florida and the East Coast, but has left catastrophic flooding and widespread power outages in Puerto Rico and battered the Dominican Republic with 90 mph winds, according to news reports. The Dominican Republic was expected to …
Big I President & CEO Rusbuldt to Retire Next Year
The longest tenured top executive of the Independent Insurance Agents & Brokers of America (Big I) has decided to step down. Bob Rusbuldt, who has been the CEO of Big I since 2001, informed the association’s national board of directors …
Storm Battering Western Alaska Caused Widespread Flooding
A powerful storm sweeping north through the Bering Strait on Saturday caused widespread flooding in several western Alaska coastal communities, knocking out power and sending residents fleeing for higher ground. The force of the water moved some homes off their …
Puerto Rico Begins Restoring Power After Storm Snuffs Grid
Power is slowly being restored to parts of Puerto Rico Sunday after Atlantic storm Fiona clipped the island as a Category 1 hurricane, knocking out electricity to the entire US territory and causing “catastrophic damage,” Governor Pedro Pierluisi said. Packing …
State Farm Agrees to Settle Katrina Claims Lawsuit with Mississippi AG
Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate homeowners. The settlement says the $12 million payment represents “restitution for damage, which …
People Moves: Gambale Joins AGCS From AIG; AXA XL Appoints 2 to Group Captives Unit
AGCS Strengthens North American Distribution Team with Strategic New Hire and Reorganization Allianz Global Corporate & Specialty (AGCS) has named John Gambale as regional head of distribution NA, large corporate, effective Oct. 3. He will be based in New York …
U of Vermont President Denies Allegations of Anti-Jewish Bias on Campus
The president of the University of Vermont issued a blistering denial Thursday of allegations the university failed to adequately respond to complaints of anti-Jewish behavior on the Burlington campus. In a message to the university community, President Suresh Garimella said …