12 08, 2022

J&J to End Global Sales of Talc-Based Baby Powder

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Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended U.S. sales of a product that drew thousands of consumer safety lawsuits. “As part of a …

17 08, 2022

Run-off Specialist Premia Completes Loss Portfolio Transfer With Hiscox

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Premia Holdings Ltd., the Bermuda-based run-off specialist, announced that Premia Syndicate 1884 has entered into a loss portfolio transfer agreement with Hiscox Syndicate 33. The portfolio consists of a diverse mix of business underwritten by Syndicate 33 during years of …

12 08, 2022

Partial Settlement in 2018 Killing of Maryland Teen Targets Police and Justice Reforms

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Family members of Anton Black and the Coalition for Justice for Anton Black announced they have resolved part of their federal court litigation charging police and municipal officials in three Maryland communities with the unconstitutional killing of the Black teenager …

17 08, 2022

Beazley’s Smart Tracker Syndicate 5623 Gets Lloyd’s ‘In Principle’ Approval

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Beazley has been granted “in principle” approval from Lloyd’s to transition its Smart Tracker Special Purpose Arrangement (SPA) 5623 to a full syndicate with effect from the Jan. 1, 2023, subject to Lloyd’s agreement of the syndicate business plan and …

12 08, 2022

Wildfires Burn, Farmers Struggle as Another Heatwave Bakes Western Europe

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European nations sent firefighting teams to help France tackle a “monster” wildfire on Thursday, while forest blazes also raged in Spain and Portugal and the head of the European Space Agency urged immediate action to combat climate change. More than …

17 08, 2022

Bankruptcy Judge Clears Way for Defamation Case in Connecticut Against Alex Jones

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A federal bankruptcy judge on Monday cleared the way for a defamation lawsuit in Connecticut to proceed against Infowars host and conspiracy theorist Alex Jones. The case was filed by relatives of some victims of the 2012 massacre at Sandy …

12 08, 2022

People Moves: MEMIC Welcomes Safety National’s Hoff; Delaware to Name New Captive Chief; Arthur Hall Names Mackarevic Partner

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MEMIC Names Hoff Vice President of Loss Control and Safety The MEMIC Group has named Maryann Hoff, a 17-year insurance industry veteran, its new vice president of loss control and safety. Hoff comes to MEMIC from Safety National Casualty Corp., …

17 08, 2022

Carolina Panthers Owner Proposes $82M to Creditors Over Failed Practice Facility

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Carolina Panthers owner David Tepper’s real estate company has proposed to pay more than $82 million to creditors over an abandoned practice facility project in Rock Hill under a new plan proposed Thursday. The plan would require approval from courts …

12 08, 2022

Hub Buys Delaware’s KT&D

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Insurance broker Hub International Limited has acquired KT&D, Inc. in Wilmington, Delaware. Terms of the transaction were not disclosed. KT&D provides multi-line insurance services, including medical malpractice, commercial and personal, and employee benefits coverage. Scott Yerkes, CEO, and Kelly McGovern, …

17 08, 2022

Kentucky Governor Plans to Call Special Session on Flood Relief

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Kentucky Gov. Andy Beshear said Monday he hopes to call a special session of the state legislature in the next few weeks to work on flood relief. “Everybody is committed to it,” Beshear said at a Monday news conference. “We …