INSURANCE NEWS
People Moves: HDI Global Promotes Schulte as Global Head of Marine; Amwins Global Risks Hires Ewing to Lead Transactional Risk Practice
This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Promotes Schulte as Global Head of Marine HDI Global has promoted Dr. Carsten Schulte as …
Texas Sues Chemical Manufacturers for Deceptive PFAS Marketing
Texas Attorney General Ken Paxton filed a lawsuit on Dec. 11 against manufacturers 3M and DuPont for misrepresenting the health risks of products made with forever chemicals The lawsuit alleges the companies for decades manufactured, marketed, and sold an array …
Florida Board Revokes Butt-Lift Doctor’s License, Three Years After Patient Died
Florida’s Board of Medicine has revoked the medical license of a doctor who performed Brazilian butt-lift surgery, three years after his license was restricted after a botched surgery killed a patient. Dr. Christopher Walker, who had operated at a spa …
Digital Lloyd’s Syndicate Ki to Become Standalone Business Within Fairfax Group
Brit Ltd. and Ki announced that Ki will operate as a standalone company within the Fairfax Group, effective Jan. 1, 2025. Ki was incubated and launched by Brit in 2020 and began writing business on Jan. 1, 2021 with its …
Federal Court Affirms $14M Penalty Against Exxon for Pollution in Texas
A federal court on Wednesday affirmed a federal judge’s 2021 ruling imposing a $14.25 million penalty on Exxon Mobil for thousands of violations of the federal Clean Air Act at the company’s refinery and chemical plant complex in Baytown. The …
Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine
Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a €110 million (US$115.6 million) facility to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war-related risks in Ukraine. Under the Ukraine …
Ryan Companies to Pay $350K Over Sexual Harassment at Iowa Site
The U.S. Department of Labor announced that its Office of the Federal Contract Compliance Programs has entered into a conciliation agreement with Ryan Companies US Inc. to resolve allegations that the federal contractor’s employees faced sexual harassment, a hostile work …
ALKEME Acquires Iowa’s Relion
ALKEME announced the acquisition of Relion Insurance Solutions, one of Iowa’s largest insurance agencies with over 140 years of history serving Iowa and surrounding areas. Relion Insurance Solutions, formed through the merger of two of Iowa’s largest independent agencies in …
Virginia Approves 12% Loss Cost Decrease for Workers Compensation
Virginia has approved a 12.0% loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the assigned risk market, effective April 1, 2025. The State Corporation Commission (SCC) approved the proposed voluntary loss costs, along with …
Senators Say US Must Boost Security After Chinese Salt Typhoon Telecom Hacking
The United States must do more to address hacking threats after China’s alleged efforts known as Salt Typhoon to infiltrate American telecommunications companies and steal data about U.S. calls, senators said at a hearing Wednesday. “This attack likely represents the …
CEO of Large Vocational School in Court on 23 Charges Of Insurance Fraud
The CEO of one of California’s largest vocational return to work counseling centers appeared in court this week after being charged with 23 felony counts including insurance fraud, theft and forgery. Hazel Ortega, 53, of La Habra, was charged after …
BHP, Rio Pressured Women to Sign NDAs After Sexual Harassment Complaints: Lawyer
BHP and Rio Tinto have used confidentiality agreements to prevent female employees from speaking about sexual harassment at work, according to a lawyer leading Australian class action lawsuits against the miners. Brisbane-based law firm JGA Saddler filed a class action …