News Archives - Insurance Journal

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27 09, 2024

Inmate Who Was Beaten in Patrol Car in Arkansas Files Federal Lawsuit

By | September 27th, 2024|Uncategorized|Comments Off on Inmate Who Was Beaten in Patrol Car in Arkansas Files Federal Lawsuit

LITTLE ROCK, Ark. (AP) — An inmate who was beaten by an Arkansas police officer in the back of a patrol car filed a lawsuit Tuesday against the former officer and his police chief, accusing them of violating his constitutional …

27 09, 2024

Judge Approves $600M Settlement for Residents Near Ohio Train Derailment

By | September 27th, 2024|Uncategorized|Comments Off on Judge Approves $600M Settlement for Residents Near Ohio Train Derailment

A federal judge on Wednesday approved a $600 million class-action settlement Wednesday that Norfolk Southern railroad offered to everyone who lived within 20 miles (32 kilometers) of last year’s disastrous derailment in East Palestine, Ohio. Judge Benita Pearson gave the …

27 09, 2024

The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

By | September 27th, 2024|Uncategorized|Comments Off on The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

Pine Walk Capital Ltd., the specialist MGA incubator platform and wholly owned subsidiary of The Fidelis Partnership, announced the launch of the MGA Seraphina. Seraphina will write a broad portfolio of international property business, complementing and diversifying The Fidelis Partnership’s …

27 09, 2024

Louisiana Fortify Homes Program Doubles Grants as Registrants Surge

By | September 27th, 2024|Uncategorized|Comments Off on Louisiana Fortify Homes Program Doubles Grants as Registrants Surge

Louisiana Insurance Commissioner Tim Temple said the number of grants has doubled for the latest round of the Louisiana Fortify Homes Program due to high volume of registrants. Temple increased the number of grants this round from 300 to 600 …

27 09, 2024

People Moves: AXA XL Promotes Flanagan to Lead P&C Bermuda; Intangic Names Cryer as Dir. of Client Solutions; Dale Names Daniel Head of Global Property Reinsurance

By | September 27th, 2024|Uncategorized|Comments Off on People Moves: AXA XL Promotes Flanagan to Lead P&C Bermuda; Intangic Names Cryer as Dir. of Client Solutions; Dale Names Daniel Head of Global Property Reinsurance

This edition of International People Moves details appointments at AXA XL Bermuda, the MGA Intangic, and the Lloyd’s insurer Dale Underwriting Partners. A summary of these new hires follows here. AXA XL Promotes Flanagan to Head of P&C Bermuda AXA …

20 09, 2024

7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI

By | September 20th, 2024|Uncategorized|Comments Off on 7 in 10 Actuaries and Underwriters Worry About Being Replaced by AI

With the vast majority (91 percent) of insurance companies already investing in AI or planning to in the next five years, it’s not surprising that nearly 7 in 10 actuaries and underwriters are worried about being replaced by artificial intelligence, …

20 09, 2024

J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion

By | September 20th, 2024|Uncategorized|Comments Off on J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion

Johnson & Johnson has boosted to more than $8.2 billion its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter. The offer, an increase from the …

20 09, 2024

People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership

By | September 20th, 2024|Uncategorized|Comments Off on People Moves: AIG Appoints Walsh CFO; Rokstone Names Baker Deputy Head of US Casualty; Applied Underwriters Hires, Promotes Leadership

AIG Appoints Walsh Executive Vice President, Chief Financial Officer American International Group, Inc. (AIG), headquartered in New York City, named Keith Walsh as executive vice president and chief financial officer, effective October 21. Walsh, based in New York, will lead …

20 09, 2024

Human Remains Found in Vehicle Involved in Texas Pipeline Fire

By | September 20th, 2024|Uncategorized|Comments Off on Human Remains Found in Vehicle Involved in Texas Pipeline Fire

Deer Park, Texas, police confirmed that human remains were recovered from a vehicle that crashed into a natural gas liquids pipeline Monday, triggering a fire that continues to burn. “Medical examiners will now begin working through their identification process, which …

20 09, 2024

Man Arrested for Damaging a Statue Outside a St. Louis Cathedral

By | September 20th, 2024|Uncategorized|Comments Off on Man Arrested for Damaging a Statue Outside a St. Louis Cathedral

ST. LOUIS (AP) — A man used construction equipment to drop a heavy boom lift onto a sculpture that has stood for 25 years outside St. Louis’ Cathedral Basilica, badly damaging it, police said. It wasn’t immediately clear whether the …