News Archives - Insurance Journal

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27 05, 2022

Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board

By | May 27th, 2022|Uncategorized|Comments Off on Generali’s 2nd Largest Investor, Who Sought to Oust CEO, Quits Board

Francesco Gaetano Caltagirone, the second largest shareholder in Assicurazioni Generali, has quit its board, the Italian insurer said on Friday, opening a new chapter in a long-standing shareholder row. Caltagirone holds a 9.95% stake in Generali, having beefed up his …

27 05, 2022

NFL to Appeal Ruling in Gruden Lawsuit Over Leaked Emails

By | May 27th, 2022|Uncategorized|Comments Off on NFL to Appeal Ruling in Gruden Lawsuit Over Leaked Emails

The NFL said Wednesday it will appeal a ruling denying a request to move former Las Vegas Raiders coach Jon Gruden’s lawsuit against the league from a public courtroom into closed-door arbitration. Gruden’s lawsuit accuses the NFL of leaking his …

27 05, 2022

1, 2, 3 FedEx Trucks Crash Into Each Other on Maine Road

By | May 27th, 2022|Uncategorized|Comments Off on 1, 2, 3 FedEx Trucks Crash Into Each Other on Maine Road

ALFRED, Maine —Three FedEx delivery vehicles traveling single file crashed into each other, sending one driver to the hospital and tying up traffic, officials said. The delivery vehicles collided with each other when traffic slowed in front of them late …

27 05, 2022

U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources

By | May 27th, 2022|Uncategorized|Comments Off on U.S. Seizes Iranian Oil Cargo From Russian-Operated Ship Near Greece: Sources

The United States has confiscated Iranian oil held on a Russian-operated ship near Greece and will send the cargo to the United States aboard another vessel, three sources familiar with the matter said. It was unclear whether the cargo was …

27 05, 2022

People Moves: MEMIC Names White Underwriter for Pennsylvania; World Insurance Hires Robb as General Counsel

By | May 27th, 2022|Uncategorized|Comments Off on People Moves: MEMIC Names White Underwriter for Pennsylvania; World Insurance Hires Robb as General Counsel

MEMIC Hires White as Senior Underwriter in Pennsylvania Workers’ compensation insurer MEMIC Group has hired Curtis White as senior production underwriter, responsible for renewals and new business in Pennsylvania. White’s career in the workers’ compensation industry spans 14 years and …

27 05, 2022

Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey

By | May 27th, 2022|Uncategorized|Comments Off on Cyber-Hygiene Confidence Low but Insurance Is Making an Impact: Survey

Nearly three quarters of global cyber-risk decision markers recently surveyed said their company experienced at least one cyberattack in the past year and while these attacks have spurred more investment in cyber-risk mitigation efforts, just 3% rated their company’s cyber …

27 05, 2022

FDA Chief Struggles to Explain Slow Response on Baby Formula

By | May 27th, 2022|Uncategorized|Comments Off on FDA Chief Struggles to Explain Slow Response on Baby Formula

The head of the Food and Drug Administration faced bipartisan fury from House lawmakers May 25 over months of delays investigating problems at the nation’s largest baby formula plant that prompted an ongoing shortage. FDA Commissioner Robert Califf laid out …

27 05, 2022

New Mexico Wildfire Nears 50% Containment

By | May 27th, 2022|Uncategorized|Comments Off on New Mexico Wildfire Nears 50% Containment

Crews in northern New Mexico have cleared and cut containment lines around nearly half of the perimeter of the nation’s largest active wildfire while bracing for a return of weather conditions that might fan flames and send embers aloft, officials …

27 05, 2022

Blaze Burns 3 Large Buildings in Alaska Village

By | May 27th, 2022|Uncategorized|Comments Off on Blaze Burns 3 Large Buildings in Alaska Village

Firefighters have contained a blaze in the southwest Alaska village of Kasigluk that burned three buildings, including a school building, according to the Alaska Division of Forestry. Air tankers and smokejumpers responded to the fire, which the division said Thursday …

27 05, 2022

U.S. Consumer Spending Beats Expectations in April; Inflation Likely Peaked

By | May 27th, 2022|Uncategorized|Comments Off on U.S. Consumer Spending Beats Expectations in April; Inflation Likely Peaked

U.S. consumer spending rose more than expected in April, while annual inflation appeared to have peaked, which could help to underpin economic growth in the second quarter amid rising fears of a recession. Consumer spending, which accounts for more than …