18 10, 2024

UK Working to Challenge Russian Shadow Oil Tanker Insurance

By | October 18th, 2024|Uncategorized|Comments Off on UK Working to Challenge Russian Shadow Oil Tanker Insurance

The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and Development Office didn’t specify how such interventions would occur, …

18 10, 2024

Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

By | October 18th, 2024|Uncategorized|Comments Off on Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber attackers. The cyber insurer’s new UK “clawback” service …

18 10, 2024

People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Announces Appointment of Collin Yap as CEO of APAC

By | October 18th, 2024|Uncategorized|Comments Off on People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Announces Appointment of Collin Yap as CEO of APAC

This edition of International People Moves details appointments at AXA XL Reinsurance and Specialist Risk Group. A summary of these new hires follows here. AXA XL Re Taps Swiss Re’s Schiffer as CEO, North America, Reinsurance AXA XL Reinsurance announced …

18 10, 2024

Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

By | October 18th, 2024|Uncategorized|Comments Off on Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said. …

18 10, 2024

Four Charged In $10 Million Dollar No-Fault Insurance Fraud Scheme

By | October 18th, 2024|Uncategorized|Comments Off on Four Charged In $10 Million Dollar No-Fault Insurance Fraud Scheme

Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and for allegedly laundering the proceeds of that fraud through a network of illicit check cashers. …

18 10, 2024

Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality

By | October 18th, 2024|Uncategorized|Comments Off on Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality

The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality. The National Highway Traffic Safety Administration said Friday it will …

18 10, 2024

Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases

By | October 18th, 2024|Uncategorized|Comments Off on Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases

Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes. Under the proposal from a court-appointed mediator, Canadian subsidiaries of Philip …

18 10, 2024

3 Workers Dead, 4 Hurt in Collapse of Bridge Being Demolished in Mississippi

By | October 18th, 2024|Uncategorized|Comments Off on 3 Workers Dead, 4 Hurt in Collapse of Bridge Being Demolished in Mississippi

MENDENHALL, Miss. (AP) — Three people were killed and four were seriously injured Wednesday when a bridge in Mississippi that was closed nearly a month ago collapsed while a work crew was prepping it for demolition, authorities said. The bridge …

18 10, 2024

J&J Talc Settlement Holdouts Accuse Company of Buying Votes

By | October 18th, 2024|Uncategorized|Comments Off on J&J Talc Settlement Holdouts Accuse Company of Buying Votes

People who voted to settle their baby power-related health claims against Johnson & Johnson should have their ballots thrown out because the consumer products giant rigged the tally, according to lawyers for holdout claimants. The company organized a vote of …

18 10, 2024

Oakbridge Adds Alabama’s Hull & Associates to the Lineup

By | October 18th, 2024|Uncategorized|Comments Off on Oakbridge Adds Alabama’s Hull & Associates to the Lineup

Oakbridge Insurance Agency is expanding again, this time with the addition of Tuscaloosa, Alabama-based Hull & Associates, an agency that has specialized in finding coverage for student housing in and around the home of the University of Alabama. Richard Hull …