News Archives - Insurance Journal

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16 09, 2024

EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis

By | September 16th, 2024|Uncategorized|Comments Off on EU Navy Starts Towing Stricken Red Sea Oil Tanker Hit by Houthis

The European Union’s naval force said it managed to connect tug boats to a burning oil tanker in the Red Sea, and that the vessel is now being towed away. “The tug boats have successfully connected to the vessel and …

16 09, 2024

UK to Classify Data Centers as ‘Critical National Infrastructure’

By | September 16th, 2024|Uncategorized|Comments Off on UK to Classify Data Centers as ‘Critical National Infrastructure’

Britain’s data centers will be classified “critical national infrastructure,” the government said on Thursday [Sept. 12], giving the servers and IT systems that underpin the country’s communications extra protection from cyber-attacks. Britain said the move would reassure companies building data …

16 09, 2024

Musk Calls Australian Government ‘Fascists’ Over Misinformation Law

By | September 16th, 2024|Uncategorized|Comments Off on Musk Calls Australian Government ‘Fascists’ Over Misinformation Law

Elon Musk, owner of social media platform X, on Friday [Sept. 13] called Australia’s center-left government “fascists” over proposed legislation to slap fines on social media firms for failing to prevent the spread of misinformation online. Australia’s Labor government on …

16 09, 2024

Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida

By | September 16th, 2024|Uncategorized|Comments Off on Senator, Congresswoman Warn of Property Crisis as Climate Change Grips Florida

Florida and much of the country face a real estate crash unless government officials deal with climate change, members of Congress said at a roundtable discussion Saturday in St. Petersburg. U.S. Sen. Sheldon Whitehouse, D-R.I., chair of the Senate Budget …

16 09, 2024

People Moves: Lillelund Named CEO of AGCS, Allianz Commercial; Ardonagh Taps Allianz’s Mitchell for Asia Growth; Carbon Names Gallagher From Asta to Lead Syndicate Mgmt

By | September 16th, 2024|Uncategorized|Comments Off on People Moves: Lillelund Named CEO of AGCS, Allianz Commercial; Ardonagh Taps Allianz’s Mitchell for Asia Growth; Carbon Names Gallagher From Asta to Lead Syndicate Mgmt

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS), The Ardonagh Group, and Carbon Underwriting. A summary of these new hires follows here. Lillelund Named CEO of AGCS and Allianz Commercial Allianz Global …

16 09, 2024

Tropical System Moving in Carolinas Monday with Winds, Rain, Floods

By | September 16th, 2024|Uncategorized|Comments Off on Tropical System Moving in Carolinas Monday with Winds, Rain, Floods

A potential tropical storm loomed off the coasts of the Carolinas Monday morning, with deteriorating conditions expected for the Wrightsville Beach and Wilmington areas. The National Weather Service and local news reports noted that the disturbance had already brought heavy …

16 09, 2024

Court Upholds Mechanic’s $726M Verdict Against ExxonMobil Over Benzene Exposure

By | September 16th, 2024|Uncategorized|Comments Off on Court Upholds Mechanic’s $726M Verdict Against ExxonMobil Over Benzene Exposure

A Philadelphia Court of Common Pleas has upheld a Philadelphia jury’s $725.5 million verdict against ExxonMobil in a case of cancer linked to exposure to benzene, an ingredient in gasoline. The court denied ExxonMobil’s post-trial motions and added more $90 …

16 09, 2024

D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer

By | September 16th, 2024|Uncategorized|Comments Off on D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer

It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. Though 83% of its clients continued to …

16 09, 2024

Cooler Weather in Southern California Helping Wildfire Battle

By | September 16th, 2024|Uncategorized|Comments Off on Cooler Weather in Southern California Helping Wildfire Battle

Cooler weather enabled firefighters to make progress over the weekend against three Southern California wildfires. Authorities have started scaling back evacuations at the largest blaze. The Bridge Fire east of Los Angeles has burned 54,690 acres, burned at least 33 …

16 09, 2024

Arkansas County and Health Provider to Settle for $6M Over Detainee’s Death

By | September 16th, 2024|Uncategorized|Comments Off on Arkansas County and Health Provider to Settle for $6M Over Detainee’s Death

LITTLE ROCK, Ark. (AP) — A county in western Arkansas and a health provider have agreed to a $6 million settlement with the family of a man who died from dehydration and malnutrition while being held in a local jail, …