News Center
News – Insurance Journal
Duke to Lead Expanded Actuarial, Analytics Practice at Xceedance
insurance consulting and technology firm Xceedance announced the expansion of its global actuarial and analytics services practice, led by Matthew Duke, senior vice president and chief actuary. Duke brings 15 years of experience in actuarial and analytics disciplines. Prior to …
POSTED DECEMBER 01, 2020 4:31 PM |
BHSI Hires Macfarlane to Lead Downstream Energy Property in Europe
Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding its capabilities in Europe to underwrite downstream energy property insurance and has named Tom Macfarlane to lead this business segment. “This is a significant step in continued build-out of our overall …
POSTED DECEMBER 01, 2020 4:20 PM |
Nasdaq to Require Increased Board Diversity Disclosure by Listed Companies
Exchange operator Nasdaq has proposed new rules for listed companies around board diversity and disclosure. According to a filing with the Securities and Exchange Commission (SEC), the new listing rules, approved by Nasdaq directors on Nov. 5, would require all …
POSTED DECEMBER 01, 2020 4:15 PM |
AmWINS to Acquire Bermuda-Based International Specialty Brokers Ltd.
AmWINS Group Inc., a global distributor of specialty insurance products and services, announced it has signed a definitive agreement to acquire International Specialty Brokers Ltd. (ISBL), a Bermuda-based P&C wholesale insurance and reinsurance broker. Terms of the transaction were not …
POSTED DECEMBER 01, 2020 3:50 PM |
Washington Man Shot in Leg During Raid Gets $1.25M Settlement
The Pierce County Sheriff’s Office in Washington has agreed to pay $1.25 million to a man who was shot in the knee by a deputy during a SWAT team raid at a residence in Bonney Lake. Jerad Wooten, 37, suffered …
POSTED DECEMBER 01, 2020 3:33 PM |
Virus Outbreak Reported Among Animals and Staff at Oregon Mink Farm
An Oregon mink farm has reported an outbreak of COVID-19 among animals and staff. The Statesman Journal reports the farm has been placed under quarantine, meaning no animals or animal products can leave the farm. The state has not said …
POSTED DECEMBER 01, 2020 3:28 PM |
Human Nature Thwarts Widespread Use of Apps Tracking Coronavirus Exposure
The app builders had planned for pranksters, ensuring that only people with verified COVID-19 cases could trigger an alert. They’d planned for heavy criticism about privacy, in many cases making the features as bare-bones as possible. But, as more states …
POSTED DECEMBER 01, 2020 2:25 PM |
Judge Rejects Bayer’s $648 Million PCB Contamination Proposal
A federal judge has rejected Bayer AG’s proposed $648 million settlement of class-action litigation by cities and other claimants over contamination from polychlorinated biphenyls, or PCBs, made by the former Monsanto Co. In a Nov. 25 decision, U.S. District Judge …
POSTED DECEMBER 01, 2020 1:20 PM |
Private Equity Firm Cinven and Canada’s BCI to Buy Legacy Specialist Compre
Cinven, an international private equity firm, and British Columbia Investment Management Corp. (BCI), one of Canada’s largest institutional investors, announced they have reached an agreement to acquire Compre, a specialist global consolidator of closed books of non-life insurance policies, from …
POSTED DECEMBER 01, 2020 1:19 PM |
Bank Wins Suit Against Anbang Insurance After Ending Hotel Deal Due to Pandemic
South Korean investment bank Mirae Asset Daewoo Co. Ltd. and affiliates won a U.S. court case against Anbang Insurance Group, a court document showed, after Mirae scrapped a $5.8 billion deal after the start of the pandemic to buy 15 …
POSTED DECEMBER 01, 2020 1:15 PM |
News – Claims Journal
New Zealand Files 13 Safety Charges After Volcano Killed 22
WELLINGTON, New Zealand — New Zealand authorities filed safety violation charges on Monday against 10 organizations and three individuals after a volcanic eruption at White Island last year killed 22 people. The island had been a popular tourist destination before …
POSTED DECEMBER 01, 2020 5:08 PM |
Gm Rethinks Planned Stake in Electric Vehicle Maker Nikola
NEW YORK — General Motors will not be taking a stake in the electric vehicle company Nikola, and the company said Monday that it was scuttling one of its marquee vehicles, an electric and hydrogen-powered pickup, after GM pulled technological …
POSTED DECEMBER 01, 2020 4:44 PM |
Mother Who Sued Doctor For Child’s Brain Injuries Gets $2.6M
BRANDON, Miss. — A jury in Mississippi has returned a $2.6 million verdict to a woman who sued a doctor saying his inaction caused her child to have brain injuries. Court records show that a Rankin County Circuit Court jury …
POSTED DECEMBER 01, 2020 4:37 PM |
Lawsuit Alleging Faulty Work by Restoration Contractor May Proceed
An Indiana automotive parts manufacturer may proceed with a lawsuit that alleges its factory suffered additional damages after a fire because its insurer failed to quickly protect the facility from the elements and hired a restoration contractor who damaged equipment …
POSTED DECEMBER 01, 2020 6:00 AM |
Insurers Win Most — But Not All — Covid Business-Loss Lawsuits
In the multibillion-dollar fight over insurance coverage for pandemic-related business losses, a Florida gynecologist succeeded where more than a dozen professional baseball teams and an iconic Hollywood restaurant failed. Since Covid-19 sparked government-ordered shutdowns in March, judges have dismissed more …
POSTED NOVEMBER 30, 2020 5:56 PM |
Tornado Causes Damage, Injuries In Dallas Suburb
ARLINGTON, Texas — A tornado swept through parts of the Dallas-area city of Arlington, damaging several apartment complexes and other buildings, displacing 75 families and causing minor injuries to three people, officials said Wednesday. The Arlington Fire Department said the …
POSTED NOVEMBER 30, 2020 5:45 PM |
Thousands Comment on Proposed Mississippi Pump Project
VICKSBURG, Miss. (AP) _ The Army Corps of Engineers says thousands of people have sent comments about a proposal for huge pumps to drain floodwaters from parts of the rural Mississippi Delta. They represent a wide range of viewpoints, Vicksburg …
POSTED NOVEMBER 30, 2020 5:26 PM |
Hyundai, Kia Fined for Delaying U.S. Engine Failure Recalls
Hyundai and Kia must pay $137 million in fines and safety improvements because they moved too slowly to recall over 1 million vehicles with engines that can fail. The National Highway Traffic Safety Administration announced the penalties on Friday. They …
POSTED NOVEMBER 30, 2020 5:20 PM |
Nevada Wildfire Victims Share Varied Stories
RENO, Nev. — With a wind-whipped wildfire roaring through a Reno neighborhood, David Howton sprang into action with a garden hose and was lucky to save his home. About a mile away, Scott and Mimi O’Brien weren’t so lucky. The …
POSTED NOVEMBER 30, 2020 5:13 PM |
Plan Released to Reduce Massive Wildfires in US West
BOISE, Idaho — U.S. officials on Friday released an overarching plan for removing or changing vegetation over a huge swath of the U.S. West to stop devastating wildfires on land used for cattle ranching, recreation and habitat for imperiled sage …
POSTED NOVEMBER 30, 2020 4:55 PM |
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