INSURANCE NEWS
Texas Homeowners Question Whether to Rebuild After Floods
Brian Keeper doesn’t remember exactly when his family began spending holidays in Hunt, an unincorporated town on the banks of the Guadalupe River where they’d camp, swim, and fish. Sometimes they caught so many perch, bass, and catfish that it …
People Moves: BHSI Names QBE’s Masciovecchio as Country Manager, Switzerland; Hamilton Insurance Group Appoints Buckley as Group Chief Risk Officer
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Hamilton Insurance Group. A summary of these new hires follows here. BHSI Names QBE’s Masciovecchio as Country Manager, Switzerland Berkshire Hathaway Specialty Insurance (BHSI) announced …
Do Kwon to Plead Guilty to US Conspiracy, Fraud Charges in $40B Crypto Collapse
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, is planning to plead guilty on Tuesday to two charges of conspiracy to defraud and wire fraud, a judge said at …
Specialist Risk Group Acquires London-Based City Quarter Brokers
Specialist Risk Group (SRG), the London-based group of insurance intermediaries, has entered into an agreement to acquire City Quarter Brokers, subject to regulatory approval. Financial details of the deal were not disclosed. City Quarter Brokers is a highly regarded London-headquartered …
Containment Grows Slowly on Megafire in California
Firefighters continue to slowly make gains a massive wildfire burning in two California counties, now the biggest fire in the state this year, reaching “megafire” status. The Gifford Fire is threatening more than 822 structures and has prompted hundreds of …
CDC Shooter Believed COVID Vaccine Made Him Suicidal, Father Tells Police
A Georgia man who opened fire on the U.S. Centers for Disease Control and Prevention headquarters, shooting dozens of rounds into the sprawling complex and killing a police officer, had blamed the COVID-19 vaccine for making him depressed and suicidal, …
Chemours Must Stop Unlawful Pollution of Ohio River, Federal Court Orders
A federal judge ordered the Chemours Chemical Company on Thursday to immediately stop discharging unlawful levels of cancer-causing chemicals into the Ohio River from the company’s Washington Works plant in West Virginia. “Those pollutants endanger the environment, aquatic life, and …
While LA Burned, Rules to Protect Homes From Wildfires Were on Hold
As wildfires raged across Los Angeles in January, a state official parried an email from a resident living on the edge of the conflagration: When would long-delayed regulations designed to protect high-risk homes like hers be implemented? “I do not …
Musk Says xAI to Take Legal Action Against Apple Over App Store Rankings
Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple, accusing the iPhone maker of breaching antitrust regulations in managing the App Store rankings. “Apple is behaving in a manner that makes it …
Finland Charges Eagle S Tanker Captain, Officers Over Cable Cuts
Finland’s national prosecutor’s office said on Monday it had brought charges against the captain and first and second officers of the Eagle S oil tanker over the cutting of undersea cables in the Gulf of Finland in December. The Georgian …
2 Dead, 10 Injured After US Steel Plant Explosion Near Pittsburgh
Two workers were killed and at least 10 other people hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operating area …
Wildfires Briefly Shut Dardanelles Strait to Shipping as Europe Battles Infernos
Wildfires briefly shut the Dardanelles Strait to shipping on Monday evening, as extreme heat and strong winds fueled blazes across the Mediterranean. The Dardanelles — a vital maritime chokepoint for oil and gas from the Black Sea and Central Asia …