INSURANCE NEWS
Ron Perelman’s Fight Over $410 Million in Art Insurance Goes to Trial
Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge to force insurers to pay him more than $400 million for five paintings he says were damaged in the blaze. …
Tariff Gloom Weighs on US Manufacturing; Delivery Times Lengthening
U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs, potentially signaling looming shortages of some goods. President Donald Trump’s aggressive trade policy again dominated …
Homeowner’s Failure to Read Doesn’t Clear Agency of Negligence Claim – NC High Court
A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner who was denied coverage after a hurricane because key elements of the property were not mentioned in the coverage application. In a case that began almost a …
People Moves: Former NH Commissioner Nicolopoulos Joins Davis & Towle as CEO
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, named former New Hampshire Insurance Commissioner, Christopher Nicolopoulos as the agency’s new chief executive officer. Jeffrey Towle, previously the agency’s president has moved to the position of chairman of the …
EU Votes to Curb China’s Access to Medical Device Procurement
The European Union agreed overwhelmingly to curb Chinese medical device manufacturers’ access to public procurement contracts in the bloc, according to people familiar with the matter. EU countries voted Monday on the measure, which will ban access to public contracts …
EU Says it Will Make Strong Case for US Tariff Cuts This Week
The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminum to 50%. European …
People Moves: Lloyd’s Makes Executive Team Changes
Lloyd’s, headquartered in London, the world’s leading marketplace for insurance and reinsurance market for global risk, made several new appointments and updates to its executive team. Rachel Turk is appointed as chief of market performance and will join the Council …
People Moves: BevCap Names Dinardo as SVP of Captive Operations
BevCap Management, a program manager for casualty and medical stop loss captive insurance companies in multiple domiciles, announced that Dawn Dinardo has joined its team as SVP of Captive Operations. With nearly 20 years of experience in captive insurance management, …
Northern US Mayors Call for End to ‘Irrational’ Trade War With Canada
Mayors in states that border Canada are calling for an end to President Donald Trump’s trade war with the country, saying it has harmed businesses and workers in their communities and upended one of the world’s most successful economic relationships. …
Inmates Clear Tornado Damage to Free Oklahoma Family Stuck for Over a Week
A work crew of incarcerated people cleared the way for a woman and her three children to finally leave their rural Oklahoma property more than a week after a tornado caused widespread damage, state officials said. The crew was still …
Texas Lawmakers Spike Bills to Study, Restrict PFAS
FORT WORTH — Rising public concern in Texas over PFAS, or “forever chemicals” linked to cancer, infertility and immune disorders sparked lawmakers to file half a dozen bills to study the chemicals, regulate them in sewage sludge and ban them …
Google to Spend $500M Revamping Compliance in Shareholder Settlement
Google agreed to spend $500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the search engine company of antitrust violations, settlement papers show. The preliminary settlement of so-called derivative litigation against officials at Google …