News Archives - Insurance Journal

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29 07, 2022

Hidden Menace: Massive Methane Leaks Speed Up Climate Change

By | July 29th, 2022|Uncategorized|Comments Off on Hidden Menace: Massive Methane Leaks Speed Up Climate Change

To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas operations scattered throughout the oil-rich Permian Basin. What’s not visible through the chain-link …

29 07, 2022

Record Floods in Kentucky Take 15 Lives, Hundreds of Homes

By | July 29th, 2022|Uncategorized|Comments Off on Record Floods in Kentucky Take 15 Lives, Hundreds of Homes

Record flooding in parts of Appalachia have left at least 15 dead, hundreds of homes destroyed and entire communities wiped out. Search and rescue teams backed by the National Guard searched Friday for missing people in parts of eastern Kentucky, …

29 07, 2022

Barclays Hit With Race Discrimination Claims in London

By | July 29th, 2022|Uncategorized|Comments Off on Barclays Hit With Race Discrimination Claims in London

Barclays Plc was hit with three discrimination claims in London from Black bankers who accused the lender and colleagues of treating them unfairly because of their race, after they raised concerns about internal business issues. The cases are being heard …

29 07, 2022

New York Attorney Sentenced in Multi-Million Dollar Litigation Financing Scheme

By | July 29th, 2022|Uncategorized|Comments Off on New York Attorney Sentenced in Multi-Million Dollar Litigation Financing Scheme

A disbarred New York lawyer was sentenced yesterday to 36 months in prison for defrauding investors in his now bankrupt litigation finance firm called Cash4Cases. According to Damian Williams, the U.S. Attorney for the Southern District of New York, Birnbaum …

29 07, 2022

Howden Begins French Expansion With Acquisition of C.R.F. Conseils

By | July 29th, 2022|Uncategorized|Comments Off on Howden Begins French Expansion With Acquisition of C.R.F. Conseils

Howden, the London-based international insurance broker, announced it had agreed to acquire C.R.F. Conseils (CRF), an independent broker that specializes in financial lines. Financial details of the deal were not disclosed. This is Howden’s first acquisition in France since appointing …

29 07, 2022

People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire

By | July 29th, 2022|Uncategorized|Comments Off on People Moves: AXA XL New Heads of E&S Property, Middle-Market; Aon Chief Innovation Hire

AXA XL promotes Chris Lee to Head of E&S property; Mathew Waters to Lead Middle Market AXA XL has promoted Christopher Lee to lead its excess & surplus property insurance business. Based in New York, he reports to Michele Sansone, …

29 07, 2022

Pipeline Company to Pay Nearly $1M for California Oil Spill

By | July 29th, 2022|Uncategorized|Comments Off on Pipeline Company to Pay Nearly $1M for California Oil Spill

The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern California last year will pay nearly $1 million in cleanup costs. The Orange County Board of Supervisors on Tuesday agreed to …

29 07, 2022

People Moves: Hilb Namef CEO at Choice Financial; Crum & Forster Appoints Kovalsky to Credit Team; Cross Insurance Welcomes Randlett as Counsel

By | July 29th, 2022|Uncategorized|Comments Off on People Moves: Hilb Namef CEO at Choice Financial; Crum & Forster Appoints Kovalsky to Credit Team; Cross Insurance Welcomes Randlett as Counsel

Hilb Group Founder Takes Helm at Choice Financial Virginia insurance agency Choice Financial Group has appointed insurance veteran Robert J. Hilb as chief executive officer following the retirement of J. Richard Braun, founder and president of Choice. Prior to his …

29 07, 2022

Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

By | July 29th, 2022|Uncategorized|Comments Off on Texas Claims Adjuster Ordered to Cease Business in Louisiana for Allegedly Withholding Payments

Investigators from the Office of Insurance Fraud and Enforcement at the Louisiana Department of Insurance on July 22 issued non-resident public adjuster Kade Austen Mitchell and his agency a cease-and-desist order and notice of suspension for improperly withholding, misappropriating, or …

29 07, 2022

Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

By | July 29th, 2022|Uncategorized|Comments Off on Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17, and Musk must reveal by the end of Friday any legal claims he has against …