News Archives - Insurance Journal

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23 02, 2022

U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights

By | February 23rd, 2022|Uncategorized|Comments Off on U.S. Supreme Court Takes Up Clash Between Religion and LGBT Rights

The U.S. Supreme Court on Tuesday took up a major new legal fight pitting religious beliefs against LGBT rights, agreeing to hear an evangelical Christian web designer’s free speech claim that she cannot be forced under a Colorado anti-discrimination law …

23 02, 2022

High Street Acquires Michigan’s The Craft Agency

By | February 23rd, 2022|Uncategorized|Comments Off on High Street Acquires Michigan’s The Craft Agency

High Street Insurance Partners has acquired The Craft Agency in Jackson, Michigan. The Craft Agency has been serving their clients for 100 years and provides comprehensive personal lines, commercial and life insurance across Michigan. Robert Craft is president of The …

23 02, 2022

Fire on Burning Car Transport Ship Continues After One Week

By | February 23rd, 2022|Uncategorized|Comments Off on Fire on Burning Car Transport Ship Continues After One Week

The operator of Felicity Ace, the ship transporting thousands of Porsches, Lamborghinis and other Volkswagen AG vehicles, said Tuesday it assumes the car carrier is still on fire almost a full week after the crew abandoned ship. Two large tugboats …

23 02, 2022

Dakota Access Pipeline Loses Supreme Court Appeal, Leaving Its Future Unclear

By | February 23rd, 2022|Uncategorized|Comments Off on Dakota Access Pipeline Loses Supreme Court Appeal, Leaving Its Future Unclear

The U.S. Supreme Court rejected an appeal by Energy Transfer LP’s Dakota Access Pipeline, letting stand a ruling that required a new federal environmental analysis and left the pipeline vulnerable to being shut down. Making no comment, the justices refused …

14 02, 2022

German Fuel Storage Firm Mabanaft Still Unable to Restore Operations After Cyber Attack

By | February 14th, 2022|Uncategorized|Comments Off on German Fuel Storage Firm Mabanaft Still Unable to Restore Operations After Cyber Attack

Germany’s Mabanaft GmbH & Co. KG, the fuel storage and distribution company that suffered a cyber attack at the end of January, said its first tests to restore operations weren’t successful, according to a letter sent to customers seen by …

23 02, 2022

Chicago Brewery Destroyed by Fire Started in Apartment Building

By | February 23rd, 2022|Uncategorized|Comments Off on Chicago Brewery Destroyed by Fire Started in Apartment Building

A Chicago brewery was destroyed by a dramatic blaze early Feb. 21 that fire officials believe started in a nearby apartment building. The Twisted Hippo partially collapsed due to the fire which started about 3:30 a.m. in the Albany Park …

14 02, 2022

Drought in Spain and Portugal Empties Reservoirs, Ruins Crops

By | February 14th, 2022|Uncategorized|Comments Off on Drought in Spain and Portugal Empties Reservoirs, Ruins Crops

Roofs peeking out of the water have become a common sight every summer at the Lindoso reservoir in northwestern Spain. In especially dry years, parts would appear of the old village of Aceredo, submerged three decades ago when a hydropower …

23 02, 2022

Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.

By | February 23rd, 2022|Uncategorized|Comments Off on Nexus Underwriting Management Ltd. to Be Renamed Kentro Capital Ltd.

Nexus Underwriting Management Ltd. (NUML), the London-based independent specialty managing general agent, announced it will be renamed Kentro Capital Ltd. Nexus Underwriting (Nexus), the specialty managing general agent, and Xenia Broking (Xenia), the leading credit insurance and surety distribution specialist, …

14 02, 2022

People Moves: Fairfax Financial Promotes Clarke to President; AXA XL Names Lee as Head of Claims, Canada; Zurich’s Price Joins SiriusPoint as Head of Travel A&H

By | February 14th, 2022|Uncategorized|Comments Off on People Moves: Fairfax Financial Promotes Clarke to President; AXA XL Names Lee as Head of Claims, Canada; Zurich’s Price Joins SiriusPoint as Head of Travel A&H

This edition of International People Moves details appointments at Fairfax Financial Holdings, AXA XL and SiriusPoint Ltd. A summary of these new hires follows here. Fairfax Financial Holdings Promotes Clarke to President Fairfax Financial Holdings Ltd. has appointed Peter Clarke …

14 02, 2022

UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments

By | February 14th, 2022|Uncategorized|Comments Off on UK Fintech Vitesse Raises $26M With Participation From Hannover Digital Investments

Vitesse PSP, the London-based fintech that specializes in digital solutions for global payments and counts numerous insurers among its customers, announced it has raised $26 million in Series B funding. The Series B funding, which was led by Prime Ventures, …