News Archives - Insurance Journal

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7 07, 2023

Maryland Man Wrongly Imprisoned for 32 Years Gets $2.9M

By | July 7th, 2023|Uncategorized|Comments Off on Maryland Man Wrongly Imprisoned for 32 Years Gets $2.9M

A Maryland board approved $2.9 million in compensation Wednesday for a man who was wrongly imprisoned for 32 years, including a decade on death row, for two murders he did not commit. John Huffington was pardoned by former Gov. Larry …

7 07, 2023

Massachusetts High Court Affirms Limit on Wrongful Death Suits in Tobacco Cases

By | July 7th, 2023|Uncategorized|Comments Off on Massachusetts High Court Affirms Limit on Wrongful Death Suits in Tobacco Cases

If a person’s right to bring a personal injury lawsuit has expired by the time of his or her death, the person’s estate is barred from bringing a wrongful death suit in Massachusetts for the benefit of the beneficiaries. The …

7 07, 2023

SC DOI Ups Grant Size for Wind Mitigation Program

By | July 7th, 2023|Uncategorized|Comments Off on SC DOI Ups Grant Size for Wind Mitigation Program

The South Carolina Safe Home wind mitigation program has been revised to allow higher grant awards. The South Carolina Department of Insurance said in a bulletin this week that the program, which helps homeowners fortify their homes to better resist …

7 07, 2023

CSU: Above Average Atlantic Hurricane Season Now Expected

By | July 7th, 2023|Uncategorized|Comments Off on CSU: Above Average Atlantic Hurricane Season Now Expected

Colorado State University (CSU) hurricane researchers have upped their hurricane season forecast. An above average Atlantic hurricane season is now expected for 2023, though there is a greater level of uncertainty than normal. The CSU team now predicts 18 named …

7 07, 2023

Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

By | July 7th, 2023|Uncategorized|Comments Off on Republican Attorneys General Urge Biden to Drop EPA Emissions Plan

A group of 25 Republican state attorneys general Thursday urged the Biden administration to abandon its proposal to sharply cut vehicle tailpipe emissions, which would require dramatically more electric vehicles, saying it would harm the economy and burden the electrical …

3 07, 2023

SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

By | July 3rd, 2023|Uncategorized|Comments Off on SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre

SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily reinsurance business with the legacy acquisition specialist Compre. This is the second LPT the companies have partnered on. Compre assumed …

3 07, 2023

People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.

By | July 3rd, 2023|Uncategorized|Comments Off on People Moves: Liberty Mutual Promotes Johnson From Ironshore; Federer Named CEO Fusion Specialty N.A.

Liberty Mutual Names Johnson President of Field Operations & Marketing, Global Risk Solutions North America Liberty Mutual Insurance, based in Boston, Mass., appointed Ben Johnson as president of field operations & marketing, Global Risk Solutions (GRS) North America, effective July …

3 07, 2023

Guy Carpenter Completes Acquisition of Re Solutions in Israel

By | July 3rd, 2023|Uncategorized|Comments Off on Guy Carpenter Completes Acquisition of Re Solutions in Israel

Guy Carpenter, the reinsurance business of Marsh McLennan, announced it had completed its previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction were not disclosed. With immediate effect Re Solutions has become …

3 07, 2023

Fox Corp Settles Lawsuit With fired Former Producer for $12M

By | July 3rd, 2023|Uncategorized|Comments Off on Fox Corp Settles Lawsuit With fired Former Producer for $12M

Fox Corp settled for $12 million a lawsuit by former Fox News producer Abby Grossberg, who had claimed gender discrimination and accused the network’s lawyers of pressuring her to make misleading statements in the Dominion Voting Systems case, her lawyer …

3 07, 2023

Parkland Deputy’s Acquittal Shows Florida Has No ‘Cowardice Under Fire’ Law

By | July 3rd, 2023|Uncategorized|Comments Off on Parkland Deputy’s Acquittal Shows Florida Has No ‘Cowardice Under Fire’ Law

When Florida prosecutors charged former Deputy Scot Peterson for his alleged inaction during the 2018 Parkland school massacre, they faced a major hurdle: no law precisely fit. So it was not a surprise to legal observers that Peterson was acquitted …