News Archives - Insurance Journal

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17 11, 2023

Georgia Fires Kill 3, Destroy Historic Home in Stone Mountain Park

By | November 17th, 2023|Uncategorized|Comments Off on Georgia Fires Kill 3, Destroy Historic Home in Stone Mountain Park

A house fire in northeast Georgia that killed three people last week was found to be accidental in nature, linked to a clothes dryer that was running overnight. And a blaze that burned a 180-year-old, historic home in Stone Mountain …

17 11, 2023

New York Governor Hochul Proposes Limousine Safety Bill

By | November 17th, 2023|Uncategorized|Comments Off on New York Governor Hochul Proposes Limousine Safety Bill

New York Governor Kathy Hochul announced a legislative proposal to improve safety within the limousine industry. The bill includes provisions requiring that stretch limousines be equipped with enhanced safety features and prohibiting the operation of a stretch limousine that is …

17 11, 2023

Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks

By | November 17th, 2023|Uncategorized|Comments Off on Markets/Coverages: Arch Insurance Int’l Launches Intangible Assets Team for IP Risks

Arch Insurance International has launched an intangible assets team, which joins from Aon following an agreement to acquire certain assets of its intellectual property (IP) liability MGA business. Led by Ian Lewis as head of Intangible Assets, the five-person underwriting …

17 11, 2023

Amwins Completes $1 Billion Recapitalization Transaction

By | November 17th, 2023|Uncategorized|Comments Off on Amwins Completes $1 Billion Recapitalization Transaction

Wholesale broker Amwins Group, Inc. said it completed a $1 billion recapitalization transaction with its existing shareholder group. Dragoneer Investment Group, Genstar Capital, SkyKnight Capital, and employee shareholders purchased $1 billion in equity from more than 375 Amwins employee shareholders …

17 11, 2023

Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price

By | November 17th, 2023|Uncategorized|Comments Off on Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price

Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers Edge Inc. at a price that would crystallize near-total losses for any longer-term holders of the stock. Fairfax’s takeover bid of 25 …

17 11, 2023

FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward

By | November 17th, 2023|Uncategorized|Comments Off on FBI Warns on Scattered Spider Hackers, Urges Victims to Come Forward

The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The FBI alert follows a Reuters report this week that said …

17 11, 2023

People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering

By | November 17th, 2023|Uncategorized|Comments Off on People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering

This edition of International People Moves details appointments at Howden and Argenta Syndicate Management. A summary of these new hires follows here. Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber Howden, the London-based global insurance group, …

17 11, 2023

Toxic Chemicals Found in Wells Near Michigan Shoe Manufacturer’s Headquarters

By | November 17th, 2023|Uncategorized|Comments Off on Toxic Chemicals Found in Wells Near Michigan Shoe Manufacturer’s Headquarters

ROCKFORD, Mich. (AP) – Tests show toxic chemicals in wells near the headquarters of a western Michigan shoe manufacturer, years after the company dredged and transferred river sediment from a leather-processing tannery. There is no dispute Wolverine Worldwide used a …

17 11, 2023

Study: Medical Payments to Treat Injured Workers in Texas Stable Over Five-Year Period

By | November 17th, 2023|Uncategorized|Comments Off on Study: Medical Payments to Treat Injured Workers in Texas Stable Over Five-Year Period

Medical payments to treat injured workers in Texas were stable from 2016 to 2021, according to a new study from the Workers’ Compensation Research Institute (WCRI). The study, CompScope Medical Benchmarks for Texas, 24th Edition, found that stability in medical …

17 11, 2023

Federal Appeals Court Strikes Down Air Pollution Permit for Texas LNG Terminal

By | November 17th, 2023|Uncategorized|Comments Off on Federal Appeals Court Strikes Down Air Pollution Permit for Texas LNG Terminal

A federal appeals court on Monday struck down a major air pollution permit issued by Texas’s environmental regulator, arguing that the state allowed improperly high emissions limits for Port Arthur LNG, a gas liquefaction and export terminal currently under construction …