INSURANCE NEWS
Howden Acquires Born Consulting AG in Switzerland
Howden, the London-based independent insurance broker, announced the acquisition of Swiss broker Born Consulting AG. Founded in 2003 and based in Bern, Switzerland, Born Consulting is an independent insurance broker for national and international intermediaries, large companies and the public …
Teva Pharm expects to start paying U.S. opioid settlement in 2023: CEO
Teva Pharmaceutical Industries expects to finalize an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. After years of …
Assets of World’s Largest Companies at Growing Risk of Climate Impact: S&P
Over 90% of the world’s largest companies will have at least one asset highly exposed to the physical impacts of climate change by the 2050s, data and analysis from index and ratings provider S&P Global showed on Thursday. From heatwaves …
Powerful Typhoon Unleashes Torrential Rain, Floods, Winds in Japan
A powerful typhoon barreled through southwest Japan on Monday, unleashing torrential rains and lashing winds that killed at least two people, triggered floods and caused thousands to evacuate to safety. Typhoon Nanmadol is heading on a northeast path along the …
‘Quirky’ Wording Sinks Evanston’s Exclusion, Appeals Court Finds in Sex Assault Case
The New Year’s Eve sexual assault of a patient at a Miami hospital’s mental health ward made headlines around Florida in 2019. Three days after the incident, Fernando Felix Ramos-Garcia, a technician at Westchester General Hospital, was arrested. The man …
InsureScan Expands Auto Insurance Tech Approach to Alabama
InsureScan, a company that says its software can help agents quote and bind auto coverage in a few minutes, has expanded to Alabama. CEO Mark Chappell, who is based in Alabama, said that while some insurance companies are bypassing local …
Yeshiva University Halts All Student Clubs Amid Court LGBTQ Ruling
Yeshiva University has abruptly suspended student club activity in the wake of a U.S. Supreme Court decision earlier this week that ordered the school to recognize —for now —an LGBTQ student group. In an email to students, university officials on …
Judge Dismisses Youth Climate Change Lawsuit Against Virginia
A Virginia judge on Friday dismissed a lawsuit filed on behalf of 13 young people who claim that the state’s permitting of fossil fuel projects is exacerbating climate change and violating their constitutional rights. The lawsuit filed by Our Children’s …
California Commissioner Orders Insurance Cancellation Moratorium for new Wildfire
California Insurance Commissioner Ricardo Lara on Friday ordered insurers to preserve residential insurance coverage following Gov. Gavin Newsom’s latest emergency declaration over as another major wildfire threatens Siskiyou County homeowners. Lara’s order shields properties within the perimeter or in adjacent …
3 Iranian Citizens Charged in Broad Hacking Campaign in US
The Justice Department said Wednesday that three Iranian citizens have been charged in the United States with ransomware attacks that targeted power companies, local governments and small businesses and nonprofits, including a domestic violence shelter. The charges accuse the hacking …
Kansas Insurance Department Recovers $4.1 Million
Kansas Insurance Commissioner Vicki Schmidt announced the Kansas Insurance Department recovered $4.12 million in insurance funds for Kansans in the first eight months of 2022. “When Kansans call the Insurance Department, we work diligently to help make sure they receive …
Court Revives Ohio State Sex Abuse Lawsuits
A federal appeals court ruling Wednesday revives unsettled lawsuits against Ohio State University over decades-old sexual abuse by the late team doctor Richard Strauss. A district judge in Columbus had dismissed most of the unsettled cases, acknowledging that hundreds of …