INSURANCE NEWS
People Moves: Allianz Commercial Appoints Nguyen-Huu, Lascar and Head for Portfolio Solutions Team; Canopius Promotes Pinnington as Head of Marine & Energy Treaty
This edition of International People Moves details appointments at Allianz Commercial and Canopius Group. A summary of these new hires follows here. Allianz Commercial Names Nguyen-Huu, Lascar and Head for Portfolio Solutions Team Allianz Commercial announced appointments in its Portfolio …
Ship Manager Pleads Guilty to Dumping Oily Water Off Coast of New Orleans
Eagle Ship Management LLC (ESM), based in Stamford, Connecticut, pleaded guilty to violating the Act to Prevent Pollution from Ships (APPS) by deliberately polluting U.S. waters off the coast of New Orleans from the M/V Gannet Bulker, a foreign-flagged bulk …
Meta Clashes With Apple, Google Over Child Age Check Legislation
The biggest tech companies are warring over who’s responsible for children’s safety online, with billions of dollars in fines on the line as states rapidly pass conflicting laws requiring companies to verify users’ ages. The struggle has turned into a …
5 Years After Bribery Scandal, Critics Say FirstEnergy Hasn’t Faced Consequences
Five years after a $60 million bribery scheme funded by FirstEnergy Corp. came to light in Ohio, expert observers say the resulting prosecutions, lawsuits, penalties and legislation haven’t led to enough change and accountability to prevent politicians and corporate executives …
Kentucky Tobacco Warehouse Manager Pleads Guilty in Insurance Fraud, to Pay Restitution
A Kentucky tobacco warehouse manager at the center of a long-running crop insurance fraud scheme has agreed to pay millions in restitution for his role in enabling the fraud. Thomas Kirkpatrick, of Danville, pleaded guilty last week to conspiracy to …
Johnson & Johnson Acquires Minnesota’s Erickson-Larsen
Johnson & Johnson Inc. announced it is acquiring the assets of Erickson-Larsen, Inc (E&L). The parties expect to complete the transaction effective August 1, 2025. With offices in Maple Grove, MN, and Fargo, ND, Erickson-Larsen is a wholesale insurance firm …
Mexico Tariffs Could Create Strain on Texas Economy
Importers and exporters based in Texas have so far avoided the harshest effects of the trade war sparked by President Donald Trump’s tariffs on imports from a host of countries, but they could be in for a rude awakening come …
AXA Wins $908 Million UK Court Ruling Against Santander Over Protection Insurance
French insurer AXA won a London court ruling on Friday worth nearly 675 million pounds ($908 million) against Santander over the mis-selling of payment protection insurance more than two decades ago. The dispute between AXA and Santander centered on PPI …
Georgia Insurance Commissioner Cancels Run for U.S. Senate Seat
Georgia Insurance Commissioner John King is dropping out of the race for a U.S. Senate seat after meeting with Georgia Gov. Brian Kemp. Multiple news outlets reported that King, a Republican in the commissioner’s job since 2019, has suspended his …
Honda Launches Insurance Agency Powered by VIU by HUB
American Honda Motor Co., Inc. said it has started a new insurance agency, Honda Insurance Solutions, to address the insurance needs of Acura and Honda owners of cars, motorcycles, recreational vehicles, homes, and more. Honda said this is the beginning …
Rental Car Firm Not Responsible for Driver With Ignition Lock Restriction on License
A car rental company in Connecticut is under no obligation to confirm whether a customer’s driver’s license is subject to any restrictions; rather it is only required to inspect the physical license card to confirm that it is facially valid …
Tesla to Launch Robotaxi Service in San Francisco This Weekend
Tesla is preparing to launch its robotaxi service in San Francisco as soon as this weekend, Business Insider reported on Friday, citing an internal staff memo. Tesla said its timeline for the launch had been moved up and the service …