News Archives - Insurance Journal

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24 05, 2024

People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President

By | May 24th, 2024|Uncategorized|Comments Off on People Moves: BHSI Promotes Riley to Lead Casualty Biz in Canada as DeSouza Retires; Broker Insights Names Scott CEO, Succeeding Edmond Who Becomes President

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and the software developer Broker Insights. BHSI Names Riley to Lead Casualty Business in Canada as DeSouza Retires Berkshire Hathaway Specialty Insurance (BHSI) announced the promotion …

24 05, 2024

Contamination Fears Stoked by Water Leak at German Nuclear Site

By | May 24th, 2024|Uncategorized|Comments Off on Contamination Fears Stoked by Water Leak at German Nuclear Site

Water is leaking into an underground nuclear waste facility in Germany creating fears about toxic contamination of groundwater and highlighting the legacy that the shuttered nuclear industry has left behind. The operator of the storage site says that salt water …

24 05, 2024

California Advances Legislation Cracking Down on Auto Theft, Stolen Goods Resellers

By | May 24th, 2024|Uncategorized|Comments Off on California Advances Legislation Cracking Down on Auto Theft, Stolen Goods Resellers

The California Senate approved a bipartisan package of 15 bills this that would increase penalties for organized crime rings, expand drug court programs and close a legal loophole to make it easier to prosecute auto thefts. One proposal would require …

24 05, 2024

Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market

By | May 24th, 2024|Uncategorized|Comments Off on Insurers Are Working to Shore Up the $2 Billion Carbon Offset Market

Data fraud, questionable accounting practices and intensified catastrophes are just some of the issues that have battered the voluntary carbon market. Those misfortunes have helped spur a new line of business: Insurance policies designed to de-risk credits that polluters buy …

24 05, 2024

Caterpillar to Pay $800K Over Systemic Hiring Discrimination at Illinois Plant

By | May 24th, 2024|Uncategorized|Comments Off on Caterpillar to Pay $800K Over Systemic Hiring Discrimination at Illinois Plant

Heavy equipment company Caterpillar has agreed to pay $800,000 to resolve allegations of systemic hiring discrimination against Black applicants at an Illinois plant, the U.S. Labor Department said on Tuesday. The money will cover back wages and interest to affected …

17 05, 2024

Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria

By | May 17th, 2024|Uncategorized|Comments Off on Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria

MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede D’Or Sao Luiz. S.A. The transaction, which has …

17 05, 2024

Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition

By | May 17th, 2024|Uncategorized|Comments Off on Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition

Insurance broker Aon plc has developed a new insurance product designed specifically for international transport and storage companies that are engaged in storing carbon dioxide. The new product, which is available for projects globally, is aimed at providing cover for …

17 05, 2024

Texas Storms Leave 800,000 Without Power While Flights Grounded

By | May 17th, 2024|Uncategorized|Comments Off on Texas Storms Leave 800,000 Without Power While Flights Grounded

A line of dangerous storms and flooding rains rolled over the US Gulf Coast, killing at least four people and leaving more than 800,000 customers in Texas — about 6% of the total — without power while grounding hundreds of …

17 05, 2024

SEC Updates Customer Data Hacking Rules for Wall Street

By | May 17th, 2024|Uncategorized|Comments Off on SEC Updates Customer Data Hacking Rules for Wall Street

Wall Street’s top regulator on Thursday said it had updated rules to ensure investment companies and others work to detect and respond to hackers’ theft of customer data. The changes, approved unanimously by the five-member U.S. Securities and Exchange Commission, …

17 05, 2024

Family of California Veteran Who Died After Officer Knelt on His Neck Settles for $7.5M

By | May 17th, 2024|Uncategorized|Comments Off on Family of California Veteran Who Died After Officer Knelt on His Neck Settles for $7.5M

Family members of a Navy veteran who died in 2020 after a police officer pressed a knee to his neck for nearly five minutes while he was in a mental health crisis have settled a federal lawsuit against the Northern …