News Archives - Insurance Journal

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15 02, 2023

Officials Urge Lead Tests for Kids of Minnesota Ammo Plant Workers

By | February 15th, 2023|Uncategorized|Comments Off on Officials Urge Lead Tests for Kids of Minnesota Ammo Plant Workers

ST. PAUL, Minn. (AP) – Minnesota health officials have urged workers at the Federal Ammunition company plant in Anoka to get their children tested for lead exposure after four kids with family members who work there were found to have …

14 02, 2023

Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates

By | February 14th, 2023|Uncategorized|Comments Off on Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates

Economic losses for the Feb. 6, 2023 earthquakes in Turkey will likely exceed US$20 billion, while insured losses will likely be more than US$1 billion, according to Extreme Event Solutions at Verisk (formerly AIR Worldwide). These estimates are based on …

14 02, 2023

J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected

By | February 14th, 2023|Uncategorized|Comments Off on J&J Talc Unit Faces Bankruptcy Judge After Tactic Rejected

Johnson & Johnson’s subsidiary shouldering talc-related lawsuits goes before a bankruptcy judge on Tuesday for the first time since a U.S. appeals court last month nixed the company’s attempt to offload the litigation into Chapter 11 proceedings. A three-judge panel …

14 02, 2023

People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk

By | February 14th, 2023|Uncategorized|Comments Off on People Moves: AGCS Creates Delegated Authority, Portfolio & Facilities Team; WTW Bolsters Exposure Mgmt, Climate Analytics Unit; IQUW Hires Jiang for Political Risk

This edition of International People Moves details appointments at Allianz Global Corporate & Specialty (AGCS), Willis Towers Watson (WTW), and Lloyd’s insurer IQUW. A summary of these new hire follows here. AGCS Creates Delegated Authority, Portfolio & Facilities Team, Led …

14 02, 2023

Ohio Train Derailment Prompts West Virginia Utility to Take Water Safety Steps

By | February 14th, 2023|Uncategorized|Comments Off on Ohio Train Derailment Prompts West Virginia Utility to Take Water Safety Steps

A West Virginia water utility is enhancing its water treatment process as a precaution following the derailment of a train hauling chemicals that later sent up a toxic plume in Ohio. West Virginia American Water said Sunday that it’s also …

14 02, 2023

WV House Approves $105M for Gates-backed Green Energy Battery Plant

By | February 14th, 2023|Uncategorized|Comments Off on WV House Approves $105M for Gates-backed Green Energy Battery Plant

Lawmakers in West Virginia’s House of Delegates on Friday greenlit an investment of $105 million in taxpayer dollars to support a Bill Gates-backed company that is building a renewable energy battery plant in the state’s Northern Panhandle. The bill now …

14 02, 2023

BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist

By | February 14th, 2023|Uncategorized|Comments Off on BMS Acquires Spanish Broker Viafina, a Surety Insurance Specialist

BMS, the London-based independent specialty re/insurance broker, announced that BMS Iberia has signed a deal to acquire Seguros Viafina (Viafina), the Spanish specialty insurance and reinsurance broker. The acquisition is set to complete in February 2023, with BMS acquiring Viafina …

14 02, 2023

Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With Moonrock

By | February 14th, 2023|Uncategorized|Comments Off on Markets/Coverages: Apollo Launches Drone Insurance Facility in Partnership With Moonrock

Apollo, the London-based independent specialist insurer and reinsurer, is providing capacity to Moonrock Drone Insurance, designed to provide coverage for larger commercial drone operations, meeting an increased demand in the market. Moonrock was founded in 2016 by Simon Ritterband, who …

14 02, 2023

Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth

By | February 14th, 2023|Uncategorized|Comments Off on Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth

OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC, which led the seed round together with Pitango …

14 02, 2023

Jury Awards Former Philadelphia Eagles Player $43.5M in Medical Malpractice Case

By | February 14th, 2023|Uncategorized|Comments Off on Jury Awards Former Philadelphia Eagles Player $43.5M in Medical Malpractice Case

A Philadelphia jury yesterday awarded former Philadelphia Eagles team captain Christopher Maragos $43.5 million in damages in a case of medical malpractice over a knee injury that ended his National Football League career in 2019. The civil case revolved around …