INSURANCE NEWS
Lloyd’s Probes Possible Cyber Attack
Lloyd’s of London is investigating a possible cyber attack, the re/insurance market has confirmed. “Lloyd’s has detected unusual activity on its network, and we are investigating the issue. As a precautionary measure, we are resetting the Lloyd’s network and systems. …
Judge Temporarily Blocks Two State Lawsuits Over J&J Talc Marketing
A U.S. bankruptcy judge has blocked New Mexico and Mississippi from pursuing lawsuits accusing Johnson & Johnson misleading consumers about the safety of its talc products, such as its baby powder, for now. U.S. Bankruptcy Judge Michael Kaplan in Trenton, …
People Moves: Arch Ins. Int’l Names Lockton’s Stallard as Cargo U/W; Beazley Hires van Ommeren as Financial Lines U/W; Aon Reinsurance Taps Sompo’s Shedden for Analytics
This edition of International People Moves details appointments at Arch Insurance International, Beazley, and Aon Reinsurance Solutions. A summary of these new hires follows here. Arch Insurance Int’l Names Lockton’s Stallard as Cargo U/W Arch Insurance International announced the appointment …
Indonesia’s Deadly Soccer Stampede Blamed on Locked Doors, Steep Stairs
Locked stadium doors were a key reason why an Indonesian soccer riot turned so deadly, President Joko Widodo said on Wednesday, ordering an urgent review of safety in stadiums and suggesting that the sport’s governing body FIFA could help fix …
Gallagher’s Pen Underwriting Agrees to New Capacity Deal With Aviva
Pen Underwriting, the London-based managing general agent and Arthur J. Gallagher subsidiary, announced a new multi-year strategic partnership with Aviva in support of its personal lines and property owners’ business, which will see Aviva providing capacity for over £100 million …
CFC Launches Innovation Hub in London
CFC, the specialist managing general agent, announced the launch of a dedicated Innovation Hub. Located in new premises on Whittington Avenue in the City of London, CFC’s Innovation Hub will act as CFC’s research and development center supporting over 100 …
After Ian Swamped His Office and Home, Florida Insurance Agent Picking Up the Pieces
John Gardner this week found himself in a position no insurance agent would like to be in: no office to work in, no electrical service and no internet, but with hundreds of policyholders clamoring to file claims. And nearby, his …
Atlantic City Casino Sued for Allegedly Paying Gambler to Keep Malfunctions Secret
A New York City man is suing an Atlantic City casino, its parent company and its online betting partner, alleging he was repeatedly disconnected while gambling online, and was given payments to prevent him from reporting the malfunctions to New …
Judge Dismisses Suit By Veterans’ Home Employees Over COVID Work Conditions
A federal judge has dismissed a lawsuit filed by employees of the Massachusetts veterans’ home at the center of a devastating COVID-19 outbreak in 2020 who said their constitutional rights were violated because they were forced to work in “inhumane …
Injured Oregon Protester Awarded $1M in Lawsuit
A jury has awarded a racial justice demonstrator more than $1 million in a lawsuit she filed in 2020 against the city of Salem, Oregon, accusing officers of violating her civil rights. Eleaqia McCrae, a Black woman, sued the city …
Hub Acquires Assets of Guide Insurance Services in Washington
Hub International Limited acquired the assets of Guide Insurance Services Inc. in Washington Guide Insurance Services has offices in Lynden, Colville and Republic, and provides commercial and personal insurance solutions to individuals and businesses in the region. Owners Joel Kok …
Baldwin Settles Suit in New Mexico Movie Set Shooting
Alec Baldwin settled litigation over the accidental shooting death of a cinematographer on the set of the movie Rust, agreeing to give her husband a producer’s role on the picture as part of the agreement. The settlement, which is subject …