News Archives - Insurance Journal

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1 10, 2024

Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

By | October 1st, 2024|Uncategorized|Comments Off on Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal

Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …

1 10, 2024

Europe Set for Colder Winter Than Last Year as La Niña Arrives

By | October 1st, 2024|Uncategorized|Comments Off on Europe Set for Colder Winter Than Last Year as La Niña Arrives

Europe’s winter is forecast to be colder than last year — Germany’s third-mildest on record — as a weakened La Niña finally arrives, but it will still be warmer than longer-term averages. France, the UK and Scandinavia will be the …

1 10, 2024

People Moves: Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA, Succeeding O’Neill; Pen Taps Geo’s Colbourn as Sr. Marine Trades U/W

By | October 1st, 2024|Uncategorized|Comments Off on People Moves: Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA, Succeeding O’Neill; Pen Taps Geo’s Colbourn as Sr. Marine Trades U/W

This edition of International People Moves details appointments at Liberty Specialty Markets, the MGA Pen Underwriting, and Lloyd’s syndicate, AEGIS London. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA Regions, …

1 10, 2024

Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon

By | October 1st, 2024|Uncategorized|Comments Off on Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon

Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …

1 10, 2024

Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises

By | October 1st, 2024|Uncategorized|Comments Off on Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises

Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S. District Judge …

1 10, 2024

Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

By | October 1st, 2024|Uncategorized|Comments Off on Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …

1 10, 2024

Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta

By | October 1st, 2024|Uncategorized|Comments Off on Cleanup Begins After Chemical Plant Fire Forced Evacuations Near Atlanta

CONYERS, Ga. (AP) — Some residents east of Atlanta were evacuated while others were told to shelter in place Sunday to avoid contaminants from a chemical plant fire that sent a massive plume of dark smoke high into the sky …

1 10, 2024

Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

By | October 1st, 2024|Uncategorized|Comments Off on Explosive-Packed Drone Boat Slams Into Oil Tanker in Red Sea

An explosive-laden drone boat slammed into an oil tanker as it sailed past the coast of Yemen, a sign Israeli airstrikes haven’t deterred the country’s Houthi militants from attacking commercial shipping. The 900-foot ship was hit by an uncrewed surface …

1 10, 2024

Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery

By | October 1st, 2024|Uncategorized|Comments Off on Jury Awards $24M to Pennsylvania Man Injured in Botched Spinal Surgery

A Pennsylvania jury has awarded a $23.87 million verdict to James Spangler, a 58-year-old Harley Davidson mechanic from Manchester who suffered catastrophic injuries following a botched spinal surgery. The verdict represents the largest published medical malpractice award in York County’s …

1 10, 2024

California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures

By | October 1st, 2024|Uncategorized|Comments Off on California Governor Vetoes Bill to Create First-in-Nation AI Safety Measures

California Gov. Gavin Newsom vetoed a landmark bill aimed at establishing first-in-the-nation safety measures for large artificial intelligence models. The decision is a major blow to efforts attempting to rein in the homegrown industry that is rapidly evolving with little …