News Archives - Claims Journal

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14 11, 2024

Aspire Names Braud Vice President of Casualty Claims

By | November 14th, 2024|Uncategorized|Comments Off on Aspire Names Braud Vice President of Casualty Claims

Jeremy Braud joined Aspire General Insurance as vice president of casualty claims. Braud has more than 20 years of industry experience, most recently as regional claims manager at National General. Previous roles include unit manager at AIG Personal Lines Claims …

14 11, 2024

Report: Decline in Worker Death Investigations Related to Focus on Safety

By | November 14th, 2024|Uncategorized|Comments Off on Report: Decline in Worker Death Investigations Related to Focus on Safety

Fewer workers are dying from hazards where the federal safety resources have been focused, according to a new report. Preliminary agency data show a decrease in fatalities the U.S. Department of Labor’s Occupational Safety and Health Administration is mandated to …

14 11, 2024

Ex-Managing Director Ravich Sues TCW Over Firing ‘for Cause’

By | November 14th, 2024|Uncategorized|Comments Off on Ex-Managing Director Ravich Sues TCW Over Firing ‘for Cause’

TCW Group Inc. was sued by former group managing director Jess Ravich, who claims the asset manager made up grounds to fire him following a sexual harassment accusation in order to deny him tens of millions of dollars. The lawsuit …

12 11, 2024

Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement

By | November 12th, 2024|Uncategorized|Comments Off on Hawaiian Electric Removes Going Concern Doubts After Q3 Loss and Wildfire Settlement

Hawaiian Electric reported a third-quarter loss after the utility removed a warning about its ability to remain in business, saying that a recent capital raise helped mitigate the concerns. The utility had raised going concern doubts after disclosing that it …

12 11, 2024

Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion

By | November 12th, 2024|Uncategorized|Comments Off on Spain’s Devastating Floods Will Cost Insurers Over $3.8 Billion

The floods that devastated the Spanish region of Valencia at the end of last month are expected to trigger total insurance losses in excess of €3.5 billion ($3.8 billion), Moody’s estimates. The projection is based on the first 72,000 insurance …

12 11, 2024

FTX Sues Binance, Ex-CEO Zhao Seeking $1.8 Billion Clawback

By | November 12th, 2024|Uncategorized|Comments Off on FTX Sues Binance, Ex-CEO Zhao Seeking $1.8 Billion Clawback

FTX filed a lawsuit against Binance Holdings Ltd. and its former Chief Executive Officer Changpeng Zhao, seeking to claw back almost $1.8 billion it alleges was fraudulently transferred by Sam Bankman-Fried. Binance, Zhao and other Binance executives received the funds …

8 11, 2024

Bahamas Raises Alarm on Lack of Cash to Survive Fast-Warming World

By | November 8th, 2024|Uncategorized|Comments Off on Bahamas Raises Alarm on Lack of Cash to Survive Fast-Warming World

There are major climate finance fights ahead at this year’s COP29 summit in Azerbaijan. The United Nations’ meeting kicking off next week brings with it a clear goal: Figuring out how to scale up finance to help developing countries embark …

8 11, 2024

Sedgwick Names Buhl President of Casualty

By | November 8th, 2024|Uncategorized|Comments Off on Sedgwick Names Buhl President of Casualty

Sedgwick named Andrea Buhl president of the company’s casualty group. Over her 15-year career at Sedgwick, Buhl has held several leadership roles. Sedgwick is a provider of claims management, loss adjusting, technology-enabled business services.

8 11, 2024

Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings

By | November 8th, 2024|Uncategorized|Comments Off on Spain’s Hurricane Katrina Moment Saw Officials Ignoring Warnings

As a deadly storm bore down on Valencia on Oct. 29, the regional president was attending a ceremony to recognize his work on sustainable tourism. Three hours earlier, Spain’s national climate agency had issued a red alert about the rains …

8 11, 2024

Hurricanes Linked to Higher Death Rates Years After Occurrence

By | November 8th, 2024|Uncategorized|Comments Off on Hurricanes Linked to Higher Death Rates Years After Occurrence

New research from Stanford University shows that hurricanes and tropical storms in the United States cause a surge of deaths for nearly 15 years after a storm hits. Researchers estimate an average U.S. tropical cyclone indirectly causes 7,000 to 11,000 …