INSURANCE NEWS
People Moves: Pharmacists Mutual Appoints Gallagher to Board of Directors
Pharmacists Mutual Insurance Group announced the appointment of Felix Gallagher, PharmD, as Chair of its Board of Directors. Gallagher succeeds Sue Sutter, who has served as Board Chair since 2024 and concludes 21 years of service on the Board. Gallagher …
Dallas Firefighters Were Responding to Gas Leak Before Deadly Apartment Blast
Firefighters responding to reports of a gas leak at a Dallas apartment complex had already arrived and were preparing to evacuate residents when the building exploded in a massive fireball, killing three people and injuring several more, the city’s fire …
Corpus Christi Considers Building Desalination Plant
Corpus Christi City Council is set to discuss Tuesday whether to revive a controversial and ambitious endeavor to build a desalination plant to convert seawater into drinkable water — a project the council rejected nine months ago over high costs …
Illinois Night Club to Pay $200K in Sex and Race Discrimination Case
Admiral Theatre, Inc., an exotic dance club providing adult entertainment services, will pay $200,000 and furnish other relief to settle a lawsuit for sex and race discrimination and retaliation filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal …
New Hampshire Sends Message to Drivers Using Hand-Held Electronic Devices
The state of New Hampshire is getting tougher with drivers using smartphones or other electronic devices while driving. Gov. Kelly Ayotte has signed into law a measure that hikes the financial penalties and adds license suspension for repeat offenses involving …
EU May Keep Russian Oil Price Cap Unchanged at $44 Per Barrel to Pressure Moscow
The European Commission may propose leaving the G7 price cap on Russian crude unchanged at its July review, in an effort to curb Moscow’s windfall from the Iran war and the ensuing oil price shock, EU diplomats said on Monday. …
AIG’s Turnaround Under Zaffino Sets Stage for New Leadership
Eric Andersen landed a job that most insurance executives would have long considered too good to be true: leading a strong AIG. Thanks to a dramatic turnaround under his predecessor, Peter Zaffino, American International Group Inc. is no longer battling …
Helicopter Crash in Georgia Kills Groom, Pilot, Hours After Huge Wedding Celebration
Just hours after a wedding in north Georgia, a helicopter carrying the newlyweds crashed in Dawson County late Friday night, killing the pilot and the groom while injuring the bride, news sites reported. The groom, 25-year-old Dave Fiji, of Snellville, …
Markets/Coverages: Navium, Overhaul Form Consortium to Cover AI Data Server Cargo
Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s (TFP’s) Pine Walk platform, announced it has partnered with the supply chain platform Overhaul, to launch a first-of-its-kind insurance solution built on real-time visibility of AI infrastructure cargo. The …
People Moves: Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office; Santam Syndicate 1918 Taps MS Amlin’s Geddes as CEO
This edition of International People Moves details appointments at the insurers Beazley and Santam. A summary of these new hires follows here. Beazley Names Wunderlich Head of Alternative Risk Transfer in New Bermuda Office Beazley, the leading specialty insurer, announced …
Workers’ Families, Other Parties Settle Baltimore Bridge Tragedy Claims
Just days before the civil trial on claims against the owner and operator of the cargo ship Dali was to begin, Grace Ocean and Synergy Marine settled wrongful death suits with the families of the six construction workers killed when …
Activist Toms Capital Ramps Up Campaign at Voya Financial
Insurance company Voya Financial Inc. is facing increased pressure from activist investor Toms Capital Investment Management to take M&A action and make changes. Toms Capital said in a letter to Voya’s board Monday that Voya should explore options, including a …