INSURANCE NEWS
Jury Awards $205M to Parents of Girl Who Fell to Death at Colorado Amusement Park
A jury has awarded $205 million to the parents of a 6-year-old girl who fell to her death at a Colorado amusement park after she wasn’t strapped into a ride. The verdict was reached in Glenwood Springs, where Wongel Estifanos …
Robbery, Grow Lights and Lounges Among Top Cannabis Industry Risks
From cultivation to cash registers, cannabis-related claims can face special challenges. When asked about the biggest exposures in the cannabis industry, Beth Ossino, claims manager at Golden Bear Insurance Company, pointed to theft and robbery. During Insurance Journal’s annual Insuring …
People Moves: Laurent to Succeed De Macedo as CEO of Covéa Insurance in UK; Ryan Re Taps Berkshire Hathaway’s Gorman as Head of Facultative and Facilities
This edition of International People Moves details appointments at Covéa Insurance and Ryan Re Underwriting Managers. A summary of these new hires follows here. Laurent to Succeed De Macedo as CEO of Covéa Insurance in UK Covéa Insurance, the UK …
Family’s Lawyers Say Disability Wasn’t a Factor in Universal’s Rollercoaster Death
Attorneys for the family of a man who died last week after riding a roller coaster at Universal Orlando Resort’s newest theme park said Monday that they believe he smacked his head on a restraint during downward thrusts and was …
Britain Considers Support for Jaguar Land Rover’s Suppliers After Cyberattack
Britain’s government is considering providing financial support for carmaker Jaguar Land Rover’s suppliers after a shutdown caused by a cyberattack was extended until October, a government source said on Thursday. The luxury carmaker owned by India’s Tata Motors has three …
Denmark Warns Russian Sabotage Likely as Another Drone Suspected
Denmark’s Prime Minister Mette Frederiksen warned Danes to brace for more hybrid attacks, pointing to Russia as Europe’s main security threat, just before a suspected drone sighting disrupted air traffic in Denmark for the third time in a week. Authorities …
People Moves: MSIG Holdings USA Names Sullivan Board Chair; Chubb Promotes Gaspero to Oversee Excess Casualty Major Accounts
MSIG Holdings USA Names Sullivan Board Chair MSIG USA, headquartered in Warren, New Jersey, appointed Martin J. Sullivan, chairman by the board of MSIG Holdings (U.S.A.), Inc. With more than five decades of experience in insurance and financial services, Sullivan …
Britain Wants Social Mobility But Private Schools Still Dominate
Despite increasing corporate efforts to hire from more diverse backgrounds, private school alumni remain dominant among the most powerful positions in British society, according to a sprawling new report on social mobility in the United Kingdom. New data from social …
Meta Set to Face EU Finding it Failed to Police Illegal Posts
Meta Platforms Inc. is set to face a charge sheet from the European Union for failing to adequately police illegal content, risking fines for violating the bloc’s content moderation rulebook. The European Commission is preparing to issue preliminary findings saying …
Amazon, FTC Reach $2.5 Billion Deal in Prime Subscription Case
Amazon.com Inc. agreed to pay $2.5 billion in penalties and refunds and change its process for how to cancel its Prime subscription to settle a lawsuit by the US Federal Trade Commission. The company will pay $1 billion in civil …
Specialty Program Group Consolidates 5 Brands Under SPG Wholesale
Specialty Program Group LLC, an operator of specialty insurance distribution, underwriting, and consulting businesses, is consolidating its wholesale businesses under a single division called SPG Wholesale. Monarch E&S, Beacon Hill Associates, Specialty Wholesale Insurance Solutions (SWIS), Capitol Special Risk, and …
Google Likely to Be Hit With First EU Antitrust Fine Under New EU Law, Sources Say
Alphabet’s Google is likely to be hit with its first fine under landmark new EU tech rules in the coming months, and the European Commission is now drafting its decision, three people with direct knowledge of the matter said. Acting …