INSURANCE NEWS
Public Speaks Out on How Pennsylvania Should Spend Opioid Settlement Funds
An attorney advocated for allowing opioid settlement money to be spent on public defenders. A prevention expert talked about effective strategies for deterring substance misuse in the first place, cautioning against one-time speakers at assemblies. Multiple family members who lost …
Ryan Specialty Launches New Sidecar to Support its Delegated Underwriting
International specialty insurer Ryan Specialty announced the formation of a new collateralized reinsurance vehicle called Ryan Alternative Capital Re, Ltd. (RAC Re) RAC Re will deliver additional capacity to Ryan Specialty Underwriting Managers’ portfolio of syndicated delegated authority P/C insurance …
Smith to Replace Retiring Gunn as Deputy Commissioner at ALDOI
The Alabama Department of Insurance has promoted Dusty Smith to the role of deputy commissioner, replacing Jimmy Gunn, who is retiring after 36 years at the department. Smith, a former insurance agent, joined the department in 2011 and has served …
Containment Grows on Wildfires That Forced Evacuations, Destroyed Buildings
Firefighters are slowly gaining on several wildfires burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The TCU September Lightning Complex fires, which were started by numerous lightning strikes that …
RBC BlueBay Says ESG Is ‘Extremely Important’ for Investors
Even after more than three years of Republican-led attacks against environmental, social and governance investing, the strategy is still “extremely important,” according to RBC BlueBay Asset Management. “Focusing on ESG as part of your investment framework can genuinely help you …
Apollo Settles Fight With Ex-Athene Executives Before Trial
Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial. In a Wednesday filing in New York state court, the private equity …
Publisher Gannett Wins Dismissal of Nearly All of Journalists’ Job Bias Lawsuit
Gannett, the largest U.S. newspaper publisher, won the dismissal of most of a lawsuit, including all class action claims, alleging its diversity policies led to widespread discrimination against white journalists. U.S. District Judge Rossie Alston said on Wednesday the plaintiffs …
People Moves: Judd Joins AXA XL Energy
Judd Joins AXA XL Energy Underwriting Team AXA XL, in Stamford, Connecticut, hired Eric Judd as an executive underwriter on its energy underwriting team in the Americas in New York. With more than three decades of experience in the insurance …
Trump to Ask Supreme Court to Toss Carroll’s $5 Million Abuse and Defamation Verdict
President Donald Trump will soon ask the Supreme Court to throw out a jury’s finding in a civil lawsuit that he sexually abused writer E. Jean Carroll at a Manhattan department store in the mid-1990s and later defamed her, his …
Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support
Massachusetts Governor Maura Healey said Thursday the state had ordered insurers to cover vaccines backed by its health department, even if the U.S. Centers for Disease Control and Prevention issue narrower recommendations. Insurers would no longer rely solely on CDC …
People Moves: Alliant Human Capital Names Muller as Vice President
Alliant Human Capital, a division of Alliant Insurance Services, announced the appointment of Brian Muller as Vice President. Muller brings more than 15 years of experience in both corporate and consulting HR, with a proven track record of delivering innovative …
Cultivated Meat Companies Sue Texas Over Its Lab-Grown Meat Ban
Two cultivated meat companies have filed a lawsuit against officials in Texas over the law that bans the sales of lab-grown meat in the state for two years. California-based companies UPSIDE Foods, which makes cultivated chicken, and Wildtype, which makes …