INSURANCE NEWS
Killourhy to Take Helm at QBE Re, Succeeding Postlewhite; Liberty Mutual GRS Taps CRO From Aspen, CUO From Liberty Specialty
This edition of International People Moves details appointments at QBE Re and Liberty Mutual’s Global Risk Solutions. A summary of these new hires follows here. Killourhy to Take Helm at QBE Re, Succeeding Postlewhite QBE announced the appointment of Chris …
Georgia Boat Driver Indicted on Homicide Charges After Deadly Memorial Day Crash
A Georgia man was indicted on homicide charges Wednesday, after a Memorial Day weekend boat collision that killed five people. Mark Stegall was indicted on 10 counts of first-degree homicide by a vessel, USA Today reported. The man, age 45, …
SURE Expands Offerings in Storm-Prone North Carolina
SURE, a member-owned insurance company for coastal homeowners, has expanded to North Carolina, a market that continues to harden. The coverage will be underwritten by SageSure, the managing general underwriter for SURE, the company said in a news release. SURE …
Dollar General Fined Again for Safety at Georgia Stores
Dollar General faces nearly $1.3 million in penalties after government inspectors visited three of the chain’s stores in Georgia earlier this year and found worker-safety violations, federal regulators said Monday. The Occupational Safety and Health Administration said its inspectors found …
Costa Rica Weighs Raising $2.7 Billion via Sale of State-Owned Insurer, Banks’ Assets
Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de Costa Rica, as well as 49% of the state-owned INS insurance company to reduce …
Front Runner to Be Next UK PM Wants to Review Financial Watchdogs’ Roles: Source
Liz Truss, the front-runner to become Britain’s next prime minister, wants to examine the roles of the country’s three financial regulators as part of a review, a source close to her leadership campaign said on Thursday. Provided she wins the …
UK Water Supplier Hit by Cyber Attack, Highlighting Critical Infrastructure Vulnerabilities
A company that supplies water to more than 1.5 million people in the UK disclosed it was hit by a cyber attack in an incident security experts said highlighted potentially dangerous vulnerabilities in the country’s critical infrastructure. South Staffordshire Plc …
Walmart, CVS, Walgreens Ordered to Pay $650 Million Over Ohio Opioid Sales
Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. were ordered to pay a total of $650 million over their failure to properly monitor opioid prescriptions in Ohio, in the drug industry’s latest setback in the sprawling litigation over …
First Zantac Case Dropped Before Trial After Some Payouts
A lawsuit against makers of Zantac was dropped this week just ahead of trial, people familiar with the matter said, after a series of settlements with some of the drugmakers involved. Generic drugmakers Teva Pharmaceutical Industries Ltd., Perrigo Co., Sun …
Endo Files for Bankruptcy as U.S. Opioid Litigation Drags
Endo International Plc filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s opioid epidemic. The pharmaceutical …
Maryland Family Sues Police Over Fatal Shooting at Maryland home
The family of a Maryland man fatally shot by a police officer filed a federal civil right lawsuit Monday against the department and individual officers. Dyonta Quarles Jr. was shot Jan. 30 when Anne Arundel County officers responded to his …
Takeaways from Our Conversation on Economic Headwinds, Cannabis Glut
Inflation and a superheated job market may be the nation’s prevailing economic concerns, but a big concern in cannabis today is a product glut in long-legal states. States like Colorado, where the price of flower is down over 40%, has …