June 16, 2021
Wed, 16 Jun 2021 07:43:08 +0000
Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda office Lockton Re (Bermuda) Ltd., which will be led by Jonathan (Jonty) Davies as CEO. Davies joins from Aon Re...
Wed, 16 Jun 2021 07:19:47 +0000
Accounting firm PwC said on Tuesday it would invest $12 billion over five years to create 100,000 new jobs aimed at helping its clients grapple with climate and diversity reporting and also in artificial intelligence, as part of its new …
Wed, 16 Jun 2021 05:42:24 +0000
MJ Insurance MJ Insurance has hired Jacob Simon as risk transfer specialist and Ryan Miller as employee benefits consultant in the company’s Indianapolis headquarters. Simon comes to MJ from a local industry competitor, bringing a wealth of knowledge a...
Wed, 16 Jun 2021 05:40:59 +0000
Platinum Specialty Underwriters Platinum Specialty Underwriters, an XPT company, has added transportation expert Malcolm Gilreath as vice president of Underwriting. He is based in Platinum’s Plano, Texas office. Gilreath will lead the underwriting team...
Wed, 16 Jun 2021 05:30:31 +0000
Britain’s finance ministry called on the European Union to open talks on financial services, after the London Stock Exchange on Tuesday urged the bloc to avoid protectionism. Britain left the EU in December, largely cutting off the City of London’s …
Wed, 16 Jun 2021 05:00:42 +0000
LIBERTY, Miss. — On June 2, Tom Lewis left his office at Liberty Insurance Agency to serve as guide for a group of bear hunters. In this case, the “hunters” were researchers from Mississippi State University involved in a regional …
Wed, 16 Jun 2021 05:00:35 +0000
An Alabama woman who was cleared of theft charges after a former employer accused her of stealing from his wedding venue business is now suing her one-time boss for $4 million. Gayla White, a former member of the city planning …
Wed, 16 Jun 2021 05:00:20 +0000
GREENVILLE, S.C. — The family of a South Carolina man who was shot and killed by police who forced their way into his home after he was the victim in a robbery and assault call has received a $75,000 wrongful …
Tue, 15 Jun 2021 21:34:31 +0000
The parents of a man fatally shot five years ago by a Mesa police officer at an Arizona hotel has agreed to settle their legal claims against the city over their son’s death. The Arizona Republic reported that the city …
Tue, 15 Jun 2021 17:14:13 +0000
New Mexico’s Attorney General has moved to intervene in a lawsuit in which the California Insurance Co.’s is fighting actions by the California Department of Insurance to block CIC’s redomestication to New Mexico. New Mexico Attorney General Hector Bal...
Tue, 15 Jun 2021 16:40:13 +0000
An explosion at a chemical plant in northern Illinois sparked massive fires that sent flames and huge plumes of thick black smoke high into the air Monday morning, prompting evacuations. Emergency crews rushed to the scene of the 7:30 a.m. …
Tue, 15 Jun 2021 16:38:19 +0000
An internet-based auto parts seller in Madison, Wisconsin, violated federal law when it failed to hire a qualified job applicant because of his age, a jury has found. The U.S. Equal Employment Opportunity Commission (EEOC) said the jury found RockAuto …
Tue, 15 Jun 2021 16:35:55 +0000
Severe weather trends and an increase in claims are impacting the price of homeowners insurance in Missouri, regulators say. A recent report issued by the Missouri Department of Commerce and Insurance shows that homeowners insurance claims have increas...
Tue, 15 Jun 2021 16:30:13 +0000
Eight people were injured when a vehicle crashed through a guardrail and plowed into a crowd at a mud racing event in Texas. The crash happened at about 6:30 p.m. on June 13 at a racetrack in Fabens, Texas, about …
Tue, 15 Jun 2021 16:15:29 +0000
Waco, Texas-based Insurors Indemnity has signed a definitive agreement to purchase insurance carrier Colonial Lloyds, headquartered in Fort Worth, pending regulatory approval. Colonial Lloyds has been serving the Texas homeowners insurance market since...
Tue, 15 Jun 2021 15:10:00 +0000
New York City’s law department was been hit with a cyber attack that forced officials to take the 1,000-lawyer agency offline, but Mayor Bill de Blasio said he believes no data was compromised in the hack. “To this hour we …
Tue, 15 Jun 2021 14:45:48 +0000
The City of Forks has paid $333,000 to settle a civil-rights lawsuit filed by relatives of a man who was shot and killed by police in 2016 after an officer allegedly escalated a welfare check into a deadly confrontation. The …
Tue, 15 Jun 2021 14:42:50 +0000
The widow of a New Mexico State Police officer fatally shot in the line of duty in February has filed a wrongful death lawsuit, asserting the agency failed to equip her husband. The Albuquerque Journal reported that Gabriella Jarrott filed …
Tue, 15 Jun 2021 14:40:40 +0000
A jury has awarded nearly $15 million to five people who lost eggs or embryos when a cryogenic storage tank failed at a fertility clinic. A federal jury made the award in a lawsuit filed over the 2018 tank failure …
Tue, 15 Jun 2021 14:30:24 +0000
The owner of a Revere, Massachusetts, construction company was sentenced on June 10, 2021, on charges of engaging in an under-the-table payroll fraud scheme that defrauded the government of more than $500,000 and insurance carriers of approximately $93...
Tue, 15 Jun 2021 14:24:58 +0000
A former Massachusetts middle school gym teacher, accused in a lawsuit of raping a student years ago, has filed a counterclaim against the parents who sued him. John Blake, a former Duxbury Middle School teacher, in his counterclaim alleges that …
Tue, 15 Jun 2021 14:05:03 +0000
With abortion and guns already on the agenda, the conservative-dominated Supreme Court is considering adding a third blockbuster issue — whether to ban consideration of race in college admissions. The justices could say as soon as Monday whether they...
Tue, 15 Jun 2021 13:40:52 +0000
The increased use of ridesharing apps appears to be associated with a decrease in motor vehicle collisions and impaired driving convictions,. That’s according to research by The University of Texas Health Science Center at Houston (UTHealth). The findi...
Tue, 15 Jun 2021 13:00:57 +0000
A Georgia jury has awarded $500,000 to a woman who sued her former pastor, alleging that he had sexually abused her for years, starting when she was 15 years old. Jurors in Columbus found that Lewis Clemons, who led the …
Tue, 15 Jun 2021 12:41:49 +0000
This wrap-up of international People Moves details recent appointments at reinsurance brokers Guy Carpenter & Co. and Lockton Re and insurer Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Guy Carpenter & Co., ...
Tue, 15 Jun 2021 12:33:16 +0000
The number of noticeable earthquakes has been increasing year after year since 2017 in the key oil producing regions of the U.S., according to an analysis by an independent energy research firm. The analysis of seismic activity by Rystad Energy …
Tue, 15 Jun 2021 11:54:11 +0000
A heatwave already punishing parts of the U.S. Southwest on Monday was expected to move into California this week, prompting the forecasters to warn of health and fire dangers. A high-pressure ridge that built over southwestern deserts over the past …
Tue, 15 Jun 2021 11:20:36 +0000
Verlingue, the Adelaïde Group’s insurance brokerage subsidiary, is consolidating its brand in Switzerland and Portugal. After the successful launch of the brand in the United Kingdom in December 2019, the broker’s Swiss and Portuguese subsidiaries now...
Tue, 15 Jun 2021 10:23:13 +0000
The French utility that partly owns a nuclear power plant near Hong Kong is seeking more information on a gas buildup in a reactor, even as its Chinese partner insists the facility is operating safely. Electricite de France SA, which …
Tue, 15 Jun 2021 08:17:35 +0000
The world’s biggest developer of offshore wind farms has come up with a unique solution to a potentially expensive problem. Denmark’s Orsted A/S is working on a plan to send divers to the sea floor to place a cover over …