Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia. The EU has not imposed a …
At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffet’s Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court for the Southern District of New York, shareholder …
This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and MGA CFC Underwriting. A summary of these new hires follows here. QBE Re Names Barber Head of U.S. Treaty, Succeeding …
AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice President and Chief Risk Officer, effective immediately. He replaces Sabra Purtill, who was named Executive Vice President and Chief Investment …
A plaintiff is not required to present an affidavit of merit when bringing a vicarious liability claim against a licensed entity for the alleged negligence of an unlicensed employee, the New Jersey Supreme Court has ruled. According to the court, …
Officials in a North Carolina city have settled a federal discrimination lawsuit with a former female firefighter who said she had endured a hostile work environment in which the fire chief and others inflicted emotional distress. John Hunter, the attorney …
Severe storms that moved across South Carolina earlier this week caused at least 13 tornadoes and hail the size of baseballs, emergency officials said. Fourteen homes were destroyed by the tornadoes as they moved through Tuesday in Allendale, Bamberg, Clarendon …
Vape seller JUUL must pay $22.5 million to resolve Washington Attorney General Bob Ferguson’s lawsuit, which asserts that JUUL violated the law when it designed and marketed its products to appeal to underage consumers and deceived consumers about the addictiveness …
Credit Agricole SA intends to bid for Banco BPM SpA’s insurance businesses after having bought a minority stake in Italy’s third-largest bank, according to people with knowledge of the matter. The French bank is ready to compete with AXA SA …
SAN Group Names Fornari as Regional Vice President for Massachusetts Satellite Agency Network (SAN) Group, the alliance of independent insurance agencies in the Northeast, welcomed its recent hire Andrew Fornari, who has joined as regional vice president for Massachusetts. In …