INSURANCE NEWS
Wall Street Leans on Insurance Pools for $16 Billion Kuwait Deal
Three Wall Street giants used capital from the insurance industry to finance a large chunk of a $16 billion pipeline deal in Kuwait, a rare move for a Middle Eastern infrastructure transaction. Blackstone Inc., Brookfield Asset Management Ltd. and KKR …
Indiana Attorney General Warns Residents of Scammers Following Storms
The Indiana Attorney General’s office is warning citizens to be aware of scammers targeting residents in the wake of the powerful derecho and widespread flooding across the state. “Thousands of Hoosiers are assessing damage and beginning the hard work of …
People Moves: Alliant Promotes Newman to Managing Director, Energy Operations
Alliant Insurance Services has promoted Martin Newman to Managing Director, Energy Operations, Alliant Property & Casualty. Based in Dallas, Newman specializes in partnering with energy operators and private equity investors to develop innovative risk and insurance solutions for an increasingly …
Bird Remains Found in Engine After Ryanair Window Blowout
Bird remains, including feathers, were found on parts of the engine that was damaged on a recent Ryanair Holdings Plc flight, resulting in a passenger being partially sucked into a broken window, the US National Transportation Safety Board said [on …
Russia Is Already Waging Hybrid War in Europe, Latvia Says
Russia’s hybrid war in Europe has already begun, Latvian President Edgars Rinkevics said, following warnings of Moscow’s attempts to intimidate nations supporting Ukraine. “It’s not something that will start sometime in the future,” Rinkevics told reporters on Monday at a …
People Moves: OneShield Appoints Becker SVP, New Products
OneShield, headquartered in Marlborough, Massachusetts, appointed Rick Becker as senior vice president, new products. Becker brings decades of experience to the newly created role. He has held president, chief operating officer, chief data officer/chief information officer, and executive vice president …
Death Toll From Indiana Floods Up to 7 as Recovery Gets Underway
Days of storms and flooding in Indiana left at least seven people dead as floodwaters receded in Indianapolis’ White River and rains eased in other parts of the state Sunday. Frank Gounder was among the Indianapolis residents assessing the damage …
Lightning Sparks Fire at Massive US Fuel Depot on Key Pipeline System
Storage tanks at a massive US fuel depot caught fire after being struck by lightning, threatening supplies across one of the nation’s largest refined products pipeline systems. Explorer Pipeline’s Glenpool tank farm outside of Tulsa, Oklahoma, was struck by lightning …
Lala Leaves One Dead in Hawaii With Heavy Rain, Wind to Come
One person has died as storm Lala continues to batter parts of Hawaii including the Big Island and Oahu, potentially bringing nearly three feet of rain and damaging winds to parts of the state Sunday after narrowly missing landfall. The …
Paramount Seeks $1.9 Billion Bond From States in Merger Lawsuit
Paramount Skydance Corp. requested a $1.88 billion bond from the 12 states that have filed an antitrust lawsuit over the media giant’s pending merger with Warner Bros. Discovery Inc. The company said Monday that federal law requires plaintiffs to “post …
Should Parents Be Responsible for Kids Getting Hurt and Killed on E-Bikes?
As traumatic injuries and deaths surge among children involved in crashes on e-bikes and other electrified vehicles, one California prosecutor is cracking down by pursuing criminal charges against some of the young riders’ parents. It is just one way officials …
‘Horrific’ Conditions Grip UK Hospitals Unprepared for Heat
“Horrific, horrendous, unbearable, unsafe.” That’s how medical professionals describe the impact of this year’s heat waves on Britain’s healthcare system, in response to a survey by the Doctors’ Association UK. In hospitals built for a cooler climate, staff are now …