News Archives - Insurance Journal

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2 08, 2022

Howden’s Aston Lark Ireland Acquires Sparrow Insurances

By | August 2nd, 2022|Uncategorized|Comments Off on Howden’s Aston Lark Ireland Acquires Sparrow Insurances

Aston Lark Ireland, the insurance broker that recently became part of Howden Broking Group, announced the acquisition of Sparrow Insurances Ltd. Financial details of the transaction were not disclosed. Sparrow Insurances has a history of success and growth across Leinster …

3 08, 2022

Truck Driver Reaches Agreement in Maine Fatal Accident Caused by Dislodged Tire

By | August 3rd, 2022|Uncategorized|Comments Off on Truck Driver Reaches Agreement in Maine Fatal Accident Caused by Dislodged Tire

A truck driver is expected to accept responsibility for causing the death of a state police detective who was struck by a dislodged tire as he was assisting a driver alongside Interstate 95. Scott Willett, 55, of Patten, reached a …

2 08, 2022

Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re

By | August 2nd, 2022|Uncategorized|Comments Off on Floods, Storms Drive Global Insured Catastrophe Losses of US$38B in H1 2022: Swiss Re

A series of winter storms in Europe, record floods in Australia and South Africa as well as a high number of thunderstorms in the U.S. and Europe resulted in US$35 billion of insured losses from natural catastrophes in the first …

3 08, 2022

West Virginia Cities, Counties Reach $400M Settlement with Drug Firms

By | August 3rd, 2022|Uncategorized|Comments Off on West Virginia Cities, Counties Reach $400M Settlement with Drug Firms

West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic. The companies …

2 08, 2022

Markets/Coverages: Sayata Adds CFC to Platform; Cowbell Cyber Partners With Amwins

By | August 2nd, 2022|Uncategorized|Comments Off on Markets/Coverages: Sayata Adds CFC to Platform; Cowbell Cyber Partners With Amwins

Boston-based Sayata said it has added CFC to the Sayata platform, offering brokers full access to CFC’s award-winning cyber insurance offering for small and medium businesses (SMBs). CFC’s cyber insurance solution offers proactive threat intelligence to help customers identify and …

3 08, 2022

U.S. Crypto Company Nomad Hit by $190 Million Theft

By | August 3rd, 2022|Uncategorized|Comments Off on U.S. Crypto Company Nomad Hit by $190 Million Theft

U.S. crypto firm Nomad has been hit by a $190 million theft, blockchain researchers said on Tuesday, the latest such heist to hit the digital asset sector this year. Nomad said in a tweet that it was “aware of the …

2 08, 2022

Maryland’s Wage Law Can Cover Travel Required by Employer, Court Finds

By | August 2nd, 2022|Uncategorized|Comments Off on Maryland’s Wage Law Can Cover Travel Required by Employer, Court Finds

Maryland’s wage and hour law may extend beyond the time an employee spends at a prescribed workspace to include time spent getting to the work site using transportation required by the employer, Maryland’s highest court has decided. In a 7-0 …

3 08, 2022

French Insurer AXA Posts 3% Rise in H1 Net Profit

By | August 3rd, 2022|Uncategorized|Comments Off on French Insurer AXA Posts 3% Rise in H1 Net Profit

French insurer AXA announced a new share buyback program as it posted a 3% rise in first-half net profit, thanks to higher revenues from areas such as health insurance which outweighed the financial impact of the war in Ukraine. AXA, …

2 08, 2022

Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons

By | August 2nd, 2022|Uncategorized|Comments Off on Boy Scouts Ruling Threatens $250 Million Abuse Deal With Mormons

The Boy Scouts of America may be forced to cut $250 million from its proposal to set up a trust fund for sex abuse victims after a judge rejected a key provision of a deal the youth group signed with …

3 08, 2022

G7 Nations Mull Options to Deprive Moscow of Bumper Oil Profits

By | August 3rd, 2022|Uncategorized|Comments Off on G7 Nations Mull Options to Deprive Moscow of Bumper Oil Profits

The Group of Seven (G7) wealthy nations is looking at blocking the transportation of Russian oil among other options to deprive Moscow of bumper revenues amid its invasion of Ukraine, unless it heeds a price cap. In a statement released …