INSURANCE NEWS
J&J Unit Files for Bankruptcy to Advance $10 Billion Talc Settlement
A Johnson & Johnson subsidiary filed for bankruptcy for a third time on Friday as the healthcare giant seeks to advance an approximately $10 billion proposed settlement that would end tens of thousands of lawsuits alleging that the company’s baby …
Lloyd’s Syndicate Firm Launches Professional Liability Insurer, Based in Charlotte
Beat Capital Partners, a London-based incubator of underwriting franchises and subsidiary of Ambac Financial Group, said it has launched a professional liability insurance company, based in Charlotte. ProRise Insurance Services will stand up Oct. 1, with Doug Karpp, a former …
Hotter Summers Making High School Football a Fatal Game for Some Players
BRANDON, Mississippi (AP) — Soon after Ashanta Laster reached the hospital, she was ushered into the emergency room where she saw doctors performing CPR on her teenage son. Laster had gotten a call that 17-year-old Phillip Laster Jr., a lineman …
Registration for Louisiana Fortify Homes Program Grants Closes on September 20
Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants is currently underway and will close at 5 p.m. on Friday, September 20, the Louisiana Department of Insurance announced. The registration period opened at 8 a.m. on Wednesday, …
Holmes Murphy Opens New Office in Lincoln, Nebraska
Holmes Murphy announced the opening of a new office in Lincoln, Nebraska with a focus on client growth, talent attraction and increased opportunity for innovation. Prior to this new office, Holmes Murphy has had a location in Omaha for more …
Study Finds Levels of Hydrogen Sulfide ‘Off the Scales’ in Central Texas
The first readings Abigail Edgar took of hydrogen sulfide and methane at oilfields in Caldwell County in 2021 were so high that she thought her equipment was malfunctioning. “It was off the scales. Methane was off the scales and hydrogen …
Kentucky Sheriff Charged With Shooting of Judge Inside Courthouse
A Kentucky judge is dead and the county sheriff is in jail, charged with shooting the judge multiple times Thursday inside the courthouse. Local and national News outlets reported that Letcher County Sheriff Mickey Stines was arrested at the courthouse …
Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe
Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading. Since late last year, US, European Union …
People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US
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 Taps SCOR’s Ahn as HK Branch CEO, Lau Named Director APAC Network HDI Global announced …
Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law
Pennsylvania Attorney General Michelle Henry announced the launch of an online portal for companies and other entities reporting data breaches. The site is for reporting breaches impacting more than 500 Pennsylvania residents — which is required under Pennsylvania law beginning …
Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack
Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said. The Port of Seattle, …
Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight
Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …