News Archives - Insurance Journal

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5 01, 2023

Tory Peer-Linked Firm Supplied Unsafe Gowns During Covid, Health Department Alleges

By | January 5th, 2023|Uncategorized|Comments Off on Tory Peer-Linked Firm Supplied Unsafe Gowns During Covid, Health Department Alleges

The controversial firm linked to a Tory peer supplied 25 million protective gowns that were unusable and failed safety tests during the pandemic in 2020, the UK’s health department alleged in a lawsuit seeking to recover £133 million ($160 million). …

5 01, 2023

Thailand Mandates Covid Insurance for Visitors From Some Nations

By | January 5th, 2023|Uncategorized|Comments Off on Thailand Mandates Covid Insurance for Visitors From Some Nations

Thailand is mandating Covid insurance for foreign visitors from countries that require negative RT-PCR test results before returning home, reinstating the entry rule ahead of the likely arrival of Chinese tourists in large numbers. The insurance rule will ensure that …

5 01, 2023

CIBC Ordered to Pay $848M in Damages to Cerberus; Plans Appeal

By | January 5th, 2023|Uncategorized|Comments Off on CIBC Ordered to Pay $848M in Damages to Cerberus; Plans Appeal

Canadian Imperial Bank of Commerce CM.TO plans to appeal a New York judge’s order that it pay about $848 million in damages to private equity firm Cerberus Capital Management, in a contract dispute tied to the 2008 global financial crisis. …

5 01, 2023

Peloton to Pay $19M Fine Over Treadmill Hazard

By | January 5th, 2023|Uncategorized|Comments Off on Peloton to Pay $19M Fine Over Treadmill Hazard

Peloton Interactive Inc. has agreed to pay a $19 million fine for failing to promptly report a defect with its Tread+ treadmill that could cause serious injury, U.S. regulators said on Thursday. The Consumer Product Safety Commission (CPSC), in a …

5 01, 2023

Storms Spark At Least 6 Illinois Tornadoes

By | January 5th, 2023|Uncategorized|Comments Off on Storms Spark At Least 6 Illinois Tornadoes

CHICAGO (AP) – Severe weather that swept Illinois on Tuesday produced at least six tornadoes, the largest number of rare January tornadoes recorded in the state since 1989, the National Weather Service said. Five of the tornadoes occurred in central …

5 01, 2023

All 4 Bodies Found in Helicopter Crash Off Gulf of Mexico

By | January 5th, 2023|Uncategorized|Comments Off on All 4 Bodies Found in Helicopter Crash Off Gulf of Mexico

BATON ROUGE, La. (AP) – The bodies of all four people who were aboard a helicopter that crashed into the Gulf of Mexico while departing an oil platform last week have been recovered. The U.S. Coast Guard recovered the bodies …

5 01, 2023

Indiana Arsonist Sentenced to House Arrest

By | January 5th, 2023|Uncategorized|Comments Off on Indiana Arsonist Sentenced to House Arrest

ELKHART, Ind. (AP) – A woman who pleaded guilty to arson for allegedly helping her boyfriend set fire to several barns in northern Indiana was sentenced Tuesday to eight years on house arrest. An Elkhart County judge gave Sherry Thomas …

5 01, 2023

Missouri Polyurethane Facility to Settle Clean Air Act Case

By | January 5th, 2023|Uncategorized|Comments Off on Missouri Polyurethane Facility to Settle Clean Air Act Case

The U.S. Environmental Protection Agency (EPA) announced a settlement with Earth City, Missouri, polyurethane manufacturer Foam Supplies Inc. to resolve alleged violations of the federal Clean Air Act’s Risk Management Plan Rule. The settlement requires the company to pay a …

5 01, 2023

Skyward Specialty Announces Launch of IPO

By | January 5th, 2023|Uncategorized|Comments Off on Skyward Specialty Announces Launch of IPO

Skyward Specialty Insurance Group, Inc. (“Skyward Specialty” or the “Company”) announced Jan. 4 the launch of its initial public offering of its common stock. The offering consists of 4,750,000 shares of common stock offered by Skyward Specialty and 3,750,000 shares …

5 01, 2023

People Moves: Graham-Rogers Promotes Bishop, Makes New Hires

By | January 5th, 2023|Uncategorized|Comments Off on People Moves: Graham-Rogers Promotes Bishop, Makes New Hires

Graham-Rogers Insurance Promotes Bishop and Makes New Hires Jim Bishop has been promoted to division leader at Standard Lines Services, a division of Graham-Rogers Insurance, which is headquartered in Bartlesville, Oklahoma. Bishop has extensive experience in commercial and personal lines …