News Archives - Insurance Journal

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27 03, 2023

Officials: Crews Failed to De-Ice Road Before Massive Texas cCash

By | March 27th, 2023|Uncategorized|Comments Off on Officials: Crews Failed to De-Ice Road Before Massive Texas cCash

DALLAS (AP) – The company responsible for maintaining a Texas interstate where 130 vehicles crashed in icy conditions two years ago, killing six and injuring dozens, failed to address the deteriorating road conditions, federal officials said last Thursday. That portion …

27 03, 2023

People Moves: Acrisure Re Hires Ed Broking’s D’Arcy for Fac Team; MS Amlin Names Carpenter’s Turner to Lead Risk Analytics; Tysers Taps Primassure’s Moore for Energy

By | March 27th, 2023|Uncategorized|Comments Off on People Moves: Acrisure Re Hires Ed Broking’s D’Arcy for Fac Team; MS Amlin Names Carpenter’s Turner to Lead Risk Analytics; Tysers Taps Primassure’s Moore for Energy

This edition of International People Moves details appointments at Acrisure Re, MS Amlin and Tysers Broking. A summary of these new hires follows here. Acrisure Re Hires Ed Broking’s D’Arcy for Facultative Team Acrisure Re, the re/insurance division of top-10 …

27 03, 2023

Minnesota Nuclear Plant Shuts Down For Leak

By | March 27th, 2023|Uncategorized|Comments Off on Minnesota Nuclear Plant Shuts Down For Leak

MONTICELLO, Minn. (AP) – A Minnesota utility began shutting down a nuclear power plant near Minneapolis on Friday after discovering water containing a low level of radioactive material was leaking from a pipe for the second time. While the utility …

27 03, 2023

New York Surgeon Gets 36 Months in Jail for Role in $30M Trip-and-Fall Scam

By | March 27th, 2023|Uncategorized|Comments Off on New York Surgeon Gets 36 Months in Jail for Role in $30M Trip-and-Fall Scam

A New York-licensed pain management doctor has been sentenced to 36 months in prison for his participation in a scheme to obtain fraudulent insurance reimbursements and other compensation from fraudulent trip-and-fall accidents. Damian Williams, U.S. Attorney for the Southern District …

27 03, 2023

Wisconsin Farm Reaches $215K Pollution Settlement

By | March 27th, 2023|Uncategorized|Comments Off on Wisconsin Farm Reaches $215K Pollution Settlement

MADISON, Wis. (AP) – A factory farm has agreed to pay the Wisconsin Department of Justice $215,000 to settle pollution allegations. The Legislature’s finance committee is slated to approve the deal during a meeting last Tuesday. According to an analysis …

27 03, 2023

Hackers Breached UK Pension Protection Fund, Stole Employee Data

By | March 27th, 2023|Uncategorized|Comments Off on Hackers Breached UK Pension Protection Fund, Stole Employee Data

Hackers obtained data on some employees of the UK’s Pension Protection Fund after exploiting a third-party data transfer service, according to a fund spokesperson. The Pension Protection Fund manages £39 billion of assets for its 295,000 members, according to its …

27 03, 2023

ConocoPhillips Details Gas Leak Cause, Remedies at Alaska Hearing

By | March 27th, 2023|Uncategorized|Comments Off on ConocoPhillips Details Gas Leak Cause, Remedies at Alaska Hearing

ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last year. Officials with …

27 03, 2023

Markets/Coverages: CFC Launches Admitted Offerings for Professional Liability, Tech E&O

By | March 27th, 2023|Uncategorized|Comments Off on Markets/Coverages: CFC Launches Admitted Offerings for Professional Liability, Tech E&O

CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, recently announced the expansion of its admitted product suite with the addition of professional liability and technology E&O. The company has been trading its admitted solution …

27 03, 2023

Supreme Court Lets Chevron Foe Donziger’s Contempt Conviction Stand

By | March 27th, 2023|Uncategorized|Comments Off on Supreme Court Lets Chevron Foe Donziger’s Contempt Conviction Stand

The U.S. Supreme Court on Monday declined to hear a disbarred environmental lawyer’s challenge to his criminal contempt conviction after he earlier won but was unable to collect a $9.5 billion judgment against Chevron Corp. over oil pollution in Ecuadorian …

27 03, 2023

Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar

By | March 27th, 2023|Uncategorized|Comments Off on Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar

Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked securities that cover the bank against perils such as falling victim to fraud and accounting errors, should remain unaffected by …