INSURANCE NEWS
People Moves: Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer; BHSI Taps SCOR’s Le Gall as Head of Casualty in France
This edition of International People Moves details appointments at Arch Insurance and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer Arch Insurance (EU) dac (AIEU) announced …
Winter Storm Gripped on Parts of the South, With Snowy Roads, Flight Cancellations
ATLANTA (AP) — Flight cancellations piled up and officials warned of continuing dangerous roads Saturday in the wake of a winter storm that brought biting cold and wet snow to the U.S. South, leading to school closures and disrupting travel. …
Moody’s to Acquire Geospatial AI Firm CAPE Analytics
Moody’s Corp. has agreed to acquire CAPE Analytics, which provides geospatial AI intelligence for residential and commercial properties. Moody’s said the deal will create a property database capable of delivering instant, address-specific risk insights as it brings together Moody’s Intelligent …
Kentucky AG Settles Opioid Suit vs. The Kroger Co. for $110 Million
Kentucky will receive $110 million to settle its lawsuit accusing one of the nation’s largest grocery chains of helping fuel the opioid epidemic, the state’s attorney general said Thursday. The state will use the money it is getting in its …
Mississippi Police Officer Suspended After Chase That Ended in Three Deaths
BYHALIA, Miss. (AP) — A north Mississippi police officer whose pursuit ended in a crash that killed three people has been suspended from duty without pay. Byhalia aldermen voted on Wednesday to suspend William Langham, WHBQ-TV reported, after he chased …
Judge Triples Jury Award in Nautilus Insurance Suit Against Murdaugh Accomplice
A federal judge last week tripled the damages that Alex Murdaugh’s co-conspirator must pay to Nautilus Insurance Co., bringing the total to $3.75 million – plus significant attorney fees incurred by the insurer. A jury last week found Cory Fleming, …
New York AG Seeks Recovery of $2.2 Million in Crypto Tied to Remote Job Scam
New York Attorney General Letitia James has filed a lawsuit to recover $2.2 million worth of cryptocurrency held in digital wallets and stolen from New Yorkers and victims across the country in a remote job scam. James said an investigation …
Pfizer Must Face Lawsuit Over Diversity Fellowship Program, Appeals Court Rules
A U.S. appeals court on Friday revived a lawsuit by a conservative group opposed to diversity initiatives in medicine that challenged a Pfizer fellowship program designed to boost the pipeline of Black, Latino and Native American people in leadership positions …
Broker Miller Launches Korean Unit to Aid Asia Expansion
Miller, the London-based specialist re/insurance broker, announced its further expansion into Asia with the launch of Miller Korea, led by David Kim as head of Korea. Miller Korea will focus on delivering global specialty expertise in the Korean market via …
Stricken Oil Tanker Towed to Safety Off German Island of Ruegen
An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has been towed to safety off the German island of Ruegen, authorities said. The Eventin, carrying nearly 100,000 tons of oil, …
Yodel Lawsuit Exposes Strains in UK’s Troubled Parcel Industry
A van delivery entrepreneur whose startup was dubbed the Uber of the moving business was accused of asset-stripping and misappropriating funds after his takeover of a major UK parcel shipment firm fell apart. Shift, which was set up in 2017, …
Tougher US Sanctions to Curb Russian Oil Supply to China and India
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. …