News Archives - Insurance Journal

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28 06, 2024

Here Are the Legal Battle Lines in Ireland’s Multi-Billion Euro Russian Jet Trial

By | June 28th, 2024|Uncategorized|Comments Off on Here Are the Legal Battle Lines in Ireland’s Multi-Billion Euro Russian Jet Trial

The opening salvos have been fired in a 2.5 billion euro ($2.7 billion), Irish court battle between some of the world’s largest aircraft lessors and their insurers over around 80 jets stranded in Russia. Dublin’s High Court earlier this month …

28 06, 2024

Supreme Court Blocks EPA’s ‘Good Neighbor’ Air Pollution Plan

By | June 28th, 2024|Uncategorized|Comments Off on Supreme Court Blocks EPA’s ‘Good Neighbor’ Air Pollution Plan

The U.S. Supreme Court blocked an Environmental Protection Agency regulation aimed at reducing ozone emissions that may worsen air pollution in neighboring states, handing a victory on Thursday to three Republican-led states and the steel and fossil-fuel industries that had …

28 06, 2024

Guidance and Insurance Implications for the CDK Global Cyberattack

By | June 28th, 2024|Uncategorized|Comments Off on Guidance and Insurance Implications for the CDK Global Cyberattack

On June 18 and 19, 2024, CDK Global (CDK), a leading provider of cloud-based software to auto dealerships in North America, fell victim to a two-tiered cyberattack. 15,000 dealerships are potentially impacted, with multiple departments affected, including sales, financing and …

28 06, 2024

BMS Australia Launches Agriculture Business

By | June 28th, 2024|Uncategorized|Comments Off on BMS Australia Launches Agriculture Business

BMS Australia, the London-based specialist insurance and reinsurance broker, announced the launch of its Agriculture business with Ceri Martin appointed to lead the division. The establishment of this new business is part of BMS’ global strategy to deepen its expertise …

28 06, 2024

Claimants for Deadly Mariana Dam Collapse File Injunction Against BHP, Vale

By | June 28th, 2024|Uncategorized|Comments Off on Claimants for Deadly Mariana Dam Collapse File Injunction Against BHP, Vale

Lawyers representing claimants taking legal action over Brazil’s worst environmental disaster filed an injunction this week against miners BHP and Vale for “trying to derail” a potential 36 billion-pound ($46 billion) London lawsuit. More than 720,000 Brazilians, including 46 local …

28 06, 2024

People Moves: Gallagher Re Appoints Rudden as Head of Green Solutions; Markel Taps BHSI’s Gebran as Head of Casualty in MENA Region

By | June 28th, 2024|Uncategorized|Comments Off on People Moves: Gallagher Re Appoints Rudden as Head of Green Solutions; Markel Taps BHSI’s Gebran as Head of Casualty in MENA Region

This edition of International People Moves details appointments at Gallagher Re and Markel. A summary of these new hires follows here. Gallagher Re Appoints Rudden as Head of Green Solutions Gallagher Re announced the appointment of Richard Rudden as head …

28 06, 2024

Australia Approves ANZ’s $3.3B Buyout of Suncorp; Deal Will Help With Insurance Focus

By | June 28th, 2024|Uncategorized|Comments Off on Australia Approves ANZ’s $3.3B Buyout of Suncorp; Deal Will Help With Insurance Focus

Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of Suncorp’s banking business, clearing the deal to proceed after almost two years of scrutiny by financial regulators and treasury. Treasurer Jim Chalmers said the deal …

28 06, 2024

Fisker to Recall Over 12,000 Ocean Vehicles

By | June 28th, 2024|Uncategorized|Comments Off on Fisker to Recall Over 12,000 Ocean Vehicles

Electric-vehicle firm Fisker is recalling more than 12,000 Ocean vehicles to fix an issue where exterior door handles can stick and fail to open, the company said on Friday, marking its third recall this month. The U.S. National Highway Traffic …

28 06, 2024

Vertafore Report Highlights Agency Recruitment, Hard Market Challenges

By | June 28th, 2024|Uncategorized|Comments Off on Vertafore Report Highlights Agency Recruitment, Hard Market Challenges

Independent insurance agencies are struggling to find qualified job candidates, and nearly a third of agents surveyed for a recent Vertafore report said they’re finding that “young people just aren’t that interested in insurance.” Vertafore’s annual insurance workforce survey report …

28 06, 2024

California Workers’ Comp Med-Legal Costs up Sharply Under New Fee Schedule

By | June 28th, 2024|Uncategorized|Comments Off on California Workers’ Comp Med-Legal Costs up Sharply Under New Fee Schedule

Payments for medical-legal evaluations and reports used to resolve medical disputes in California worker injury claims rose more than expected since a new Med-Legal Fee Schedule (MLFS) took effect in 2021, according to a new study. The study by the …