News Archives - Insurance Journal

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14 11, 2023

Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.

By | November 14th, 2023|Uncategorized|Comments Off on Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd.

The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England. Financial details of the transaction were not disclosed. Established in 1964, Peter Hoare specializes in commercial, motor and liability risks. …

14 11, 2023

Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed

By | November 14th, 2023|Uncategorized|Comments Off on Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed

A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L’Oreal USA, Revlon and others cause cancer and other injuries. Illinois-based U.S. District Judge Mary Rowland …

14 11, 2023

Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

By | November 14th, 2023|Uncategorized|Comments Off on Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey

Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among the biggest risks in G20 countries over the next two years, according to a global survey of business leaders conducted …

14 11, 2023

ICBC Flies Top Executives to US in Race to Contain Hack Fallout

By | November 14th, 2023|Uncategorized|Comments Off on ICBC Flies Top Executives to US in Race to Contain Hack Fallout

Within days of a cyberattack at its US unit, members of Industrial & Commercial Bank of China Ltd.’s management were on a plane. Officials from the world’s largest lender arrived in the US over the weekend in a hastily arranged …

14 11, 2023

Colorado Legislature Convening to Address Skyrocketing Property Costs

By | November 14th, 2023|Uncategorized|Comments Off on Colorado Legislature Convening to Address Skyrocketing Property Costs

Colorado Gov. Jared Polis hoisted a red baseball bat and smashed emergency glass in a silly demonstration for a very real crisis, Colorado homeowners are looking down the barrel of a potential 40% jump in property tax bills. After a …

14 11, 2023

Columbia University and Hospital Plan $100M Fund for Hadden Sex Abuse Survivors

By | November 14th, 2023|Uncategorized|Comments Off on Columbia University and Hospital Plan $100M Fund for Hadden Sex Abuse Survivors

New York City’s Columbia University and Columbia University Irving Medical Center (CUIMC) announced a plan that includes a $100 million fund for survivors to address the abuse and trauma inflicted by former gynecologist Robert Hadden. The $100 million survivors’ settlement …

14 11, 2023

People Moves: Canopius Promotes Newman to UK CEO; Sedgwick Appoints Gibson as UK CEO

By | November 14th, 2023|Uncategorized|Comments Off on People Moves: Canopius Promotes Newman to UK CEO; Sedgwick Appoints Gibson as UK CEO

This edition of International People Moves details appointments at A summary of these new hires follows here. Canopius Promotes Newman to UK CEO Canopius Group, the London-based specialty re/insurer, announced the appointment of Mark Newman as chief executive officer for …

14 11, 2023

Viewpoint: Proposed Flood Zone Expansion Would Increase Need for Private Insurance

By | November 14th, 2023|Uncategorized|Comments Off on Viewpoint: Proposed Flood Zone Expansion Would Increase Need for Private Insurance

A federal advisory panel’s proposal that the U.S. government expand the areas considered to be at high risk of flooding could increase the number of homeowners required to buy flood insurance. While this would increase the amount of insured flood …

14 11, 2023

American Coastal, Once Affiliated with UPC, Has Buyer for Interboro in NY

By | November 14th, 2023|Uncategorized|Comments Off on American Coastal, Once Affiliated with UPC, Has Buyer for Interboro in NY

American Coastal Insurance Corp., formerly affiliated with Florida-based United Property & Casualty Insurance, announced it has a cash buyer for Interboro Insurance Co. in New York. According to the agreement, the unnamed buyer will acquire 100% of the issued and …

14 11, 2023

Small Plane Overshoots Runway in Texas, Collides with Car During Emergency Landing

By | November 14th, 2023|Uncategorized|Comments Off on Small Plane Overshoots Runway in Texas, Collides with Car During Emergency Landing

MCKINNEY, Texas (AP) – A small plane overshot the runway while landing at a Texas airport over the weekend and struck a car driving along a nearby road, injuring one person, authorities said. Video shows the propeller plane smash through …