News Archives - Insurance Journal

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8 07, 2022

U.S.-Based 3M Faces More Costs After $581M Chemical Cleanup Pact in Belgium

By | July 8th, 2022|Uncategorized|Comments Off on U.S.-Based 3M Faces More Costs After $581M Chemical Cleanup Pact in Belgium

3M Co. still faces the prospect of additional costs to resolve contamination liabilities in Belgium after reaching an agreement to clean up and remediate PFAS, the so-called forever chemicals used in many consumer goods, a government official said. The St. …

8 07, 2022

People Moves: IMA Select in Colorado Names Harvath President; IOA Adds Armstrong

By | July 8th, 2022|Uncategorized|Comments Off on People Moves: IMA Select in Colorado Names Harvath President; IOA Adds Armstrong

IMA Select in Colorado named Sandy Harvath president. Harvath has been with IMA Financial Group since 2003, most recently serving as the president of its Colorado market. She began her career at IMA as construction account manager and progressed to …

8 07, 2022

Woman Sentenced to 8 Years in California Medical Fraud Insurance Billing Scheme

By | July 8th, 2022|Uncategorized|Comments Off on Woman Sentenced to 8 Years in California Medical Fraud Insurance Billing Scheme

A former Southern California woman who, along with her doctor husband, billed insurers $44 million for unnecessary cosmetic surgeries was sentenced to eight years in federal prison. Linda Morrow, 70, also was ordered to pay $14 million in restitution. She …

8 07, 2022

Bayer, BASF Win New Trial on $60 Million Damage Award in Weedkiller Lawsuit

By | July 8th, 2022|Uncategorized|Comments Off on Bayer, BASF Win New Trial on $60 Million Damage Award in Weedkiller Lawsuit

Bayer and BASF have won a new trial on $60 million in punitive damages they were ordered to pay a Missouri peach farmer who said dicamba, a herbicide they produced, drifted onto his orchard and harmed his crops. The 8th …

8 07, 2022

Georgia Insurance Office to Hold Hearing on Agency, Fire Safety Rule Changes

By | July 8th, 2022|Uncategorized|Comments Off on Georgia Insurance Office to Hold Hearing on Agency, Fire Safety Rule Changes

The Georgia Commissioner of Insurance will hold a hearing in August on a slew of proposed rule changes, affecting everything from fire safety at self-serve gas pumps and group homes to insurance agency license renewals. The hearing will be Aug. …

7 07, 2022

Lloyd’s Insurer Probitas Starts Underwriting Cyber

By | July 7th, 2022|Uncategorized|Comments Off on Lloyd’s Insurer Probitas Starts Underwriting Cyber

Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the book of business on complex small-and-medium-sized enterprises (SME), up to large single risks. “We have spent the past couple of …

7 07, 2022

Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads

By | July 7th, 2022|Uncategorized|Comments Off on Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads

Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth …

7 07, 2022

Massachusetts High Court Rules Attorney’s Fees Are Not Part of Insured Damages

By | July 7th, 2022|Uncategorized|Comments Off on Massachusetts High Court Rules Attorney’s Fees Are Not Part of Insured Damages

The Massachusetts Supreme Judicial Court has ruled that attorney’s fees from a consumer protection lawsuit are not covered as part of bodily injury damages under a business liability policy, reversing a lower court that had found they were covered. Attorney’s …

7 07, 2022

The Next Frontier for Drones: Letting Them Fly Out of Sight

By | July 7th, 2022|Uncategorized|Comments Off on The Next Frontier for Drones: Letting Them Fly Out of Sight

For years, there’s been a cardinal rule for flying civilian drones: Keep them within your line of sight. Not just because it’s a good idea – it’s also the law. But some drones have recently gotten permission to soar out …

7 07, 2022

People Moves: Chubb Global Markets Promotes Kirk to Head of Marine; WTW Hires PwC’s Tahir Thomson for Risk & Capital Mgmt.; BMS Names 4 Senior Leaders in Asia

By | July 7th, 2022|Uncategorized|Comments Off on People Moves: Chubb Global Markets Promotes Kirk to Head of Marine; WTW Hires PwC’s Tahir Thomson for Risk & Capital Mgmt.; BMS Names 4 Senior Leaders in Asia

This edition of International People Moves details appointments at Chubb Global Markets and two brokers, Willis Towers Watson (WTW) and BMS. A summary of the new hires follows here. Chubb Global Markets Promotes Kirk to Head of Marine Chubb announced …