News Archives - Insurance Journal

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9 11, 2023

Nearly 1M Chickens Will be Killed on a Minnesota Farm Due to Bird Flu

By | November 9th, 2023|Uncategorized|Comments Off on Nearly 1M Chickens Will be Killed on a Minnesota Farm Due to Bird Flu

Nearly 1 million chickens on a Minnesota egg farm will be slaughtered to help limit the spread of the highly contagious bird flu after it was confirmed there, officials said Monday. The U.S. Department of Agriculture announced that the virus …

9 11, 2023

People Moves: Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver Re’s Head of Retro; Aon Merges UK and EMEA, Naming Page as CEO

By | November 9th, 2023|Uncategorized|Comments Off on People Moves: Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver Re’s Head of Retro; Aon Merges UK and EMEA, Naming Page as CEO

This edition of International People Moves details appointments at brokers Ardonagh Specialty (and its reinsurance unit Inver Re) and Aon. A summary of these new hires follows here. Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver …

13 11, 2023

EU Watchdog Cautions Against One-Size-Fits-All Rules for Non-Bank Financial Sector

By | November 13th, 2023|Uncategorized|Comments Off on EU Watchdog Cautions Against One-Size-Fits-All Rules for Non-Bank Financial Sector

Regulators should keep on open mind when writing rules for the world’s $239 trillion “non-bank” financial sector to avoid one-size fits all approaches, the EU’s top securities watchdog said. Non-banks, a sector which includes hedge funds, real estate funds, insurers …

13 11, 2023

Markets/Coverage: QBE Launches Marine Offering for European Customers

By | November 13th, 2023|Uncategorized|Comments Off on Markets/Coverage: QBE Launches Marine Offering for European Customers

Australian insurer QBE has launched a marine offer that will insure international trade for European customers who want to be serviced locally. As an international insurer with local presence in 28 countries, QBE said it wants to seize the opportunity …

9 11, 2023

Democrats Preserve Majority With Win in Pennsylvania Supreme Court Race

By | November 9th, 2023|Uncategorized|Comments Off on Democrats Preserve Majority With Win in Pennsylvania Supreme Court Race

Democrat Dan McCaffery won an open seat on Pennsylvania’s Supreme Court in Tuesday’s general election, preserving a strong Democratic majority on a panel that has produced several critical election-related rulings in the presidential battleground state. The seven-member bench, which will …

9 11, 2023

FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit

By | November 9th, 2023|Uncategorized|Comments Off on FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit

Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly before his trial began in early October, …

13 11, 2023

West Virginia Taps $4 Million in Insurance to Pay Settlement With Inmates

By | November 13th, 2023|Uncategorized|Comments Off on West Virginia Taps $4 Million in Insurance to Pay Settlement With Inmates

The state of West Virginia has agreed to pay $4 million to settle a class-action lawsuit filed by inmates who described conditions at a jail as inhumane, an attorney for the plaintiffs said. Attorney Stephen New disclosed the figure Thursday …

9 11, 2023

Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Production Vessel

By | November 9th, 2023|Uncategorized|Comments Off on Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Production Vessel

Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel in transit at sea this year, according to Greenpeace and a document seen by Reuters. The British oil and gas …

13 11, 2023

People Moves: Marsh Names Kowell Marine, Cargo and Logistics Practice Leader, US and Canada; WTW Appoints Messinger Lead of FI&PS

By | November 13th, 2023|Uncategorized|Comments Off on People Moves: Marsh Names Kowell Marine, Cargo and Logistics Practice Leader, US and Canada; WTW Appoints Messinger Lead of FI&PS

Marsh, a business of Marsh McLennan, headquartered in New York, N.Y., named Janice Kowell marine, cargo and logistics practice leader, U.S. and Canada. Kowell will remain based in Portland, Ore. Kowell succeeds Michael Pellegrini, who has been named regional head …

9 11, 2023

Reporter Arrested During Protest Will Receive $700K From Los Angeles County

By | November 9th, 2023|Uncategorized|Comments Off on Reporter Arrested During Protest Will Receive $700K From Los Angeles County

A radio reporter taken into custody while covering a demonstration the night two sheriff’s deputies were shot three years ago reached a $700,000 settlement with Los Angeles County. The Los Angeles County Board of Supervisors approved the payout to Josie …