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Archive: December 2023

Delivery Driver Sues FedEx, This Time in State Court, After Shooting Incident
Insurance Journal | December 1, 2023
Delivery Driver Sues FedEx, This Time in State Court, After Shooting Incident
JACKSON, Miss. (AP) — A Black former delivery driver in Mississippi who says two white men shot into his work van and then pursued him in a high-speed chase last year has filed a new lawsuit against the men and …
Nigeria’s Worst Flood in Decade Caused Billions in Economic Damage
Insurance Journal | December 1, 2023
Nigeria’s Worst Flood in Decade Caused Billions in Economic Damage
Nigerian floods last year that claimed hundreds of lives also caused up to $9 billion in damage, according to a report from the National Bureau of Statistics. The assessment, conducted in collaboration with the World Bank, placed the cost of …
People Moves: MS Amlin Promotes Forsyth to Head of Marine, Succeeding Humberstone; Generali GC&C Names Mediterranean, LatAm Managers as Part of Business Reorg
Insurance Journal | December 1, 2023
People Moves: MS Amlin Promotes Forsyth to Head of Marine, Succeeding Humberstone; Generali GC&C Names Mediterranean, LatAm Managers as Part of Business Reorg
This edition of International People Moves details appointments at MS Amlin and Generali Global Corporate & Commercial (GC&C). A summary of these new hires follows here. MS Amlin Promotes Forsyth as Head of Marine, Succeeding Humberstone Who Is Retiring MS …
U.S. Senate Committee Wants Investigation into Florida Citizens’ Loss Reserves
Insurance Journal | December 1, 2023
U.S. Senate Committee Wants Investigation into Florida Citizens’ Loss Reserves
The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses from extreme weather events in coming years. The Budget Committee is …
Business Execs Report Growing Employer, ESG Risk Concerns: Beazley
Insurance Journal | December 1, 2023
Business Execs Report Growing Employer, ESG Risk Concerns: Beazley
According to Beazley’s Spotlight on Business Risks report, 22% of global executives reported employer risk as the top business risk challenge they face in 2023—a notable share that has doubled in just two years. Meanwhile, 27% of surveyed leaders said …
Brexit Backer and Inventor James Dyson Loses Libel Lawsuit Against UK Newspaper
Insurance Journal | December 1, 2023
Brexit Backer and Inventor James Dyson Loses Libel Lawsuit Against UK Newspaper
James Dyson, the billionaire inventor of the bagless vacuum cleaner, lost a libel lawsuit on Friday against a British newspaper publisher over a column that branded him a hypocrite who had “screwed” Britain. Dyson sued Mirror Group Newspapers (MGN), publisher …
People Moves: Markel Says President, COO Cox to Leave Company; Siry Joins Cover Whale as COO and CTO; Glazer Named AIG General Counsel
Insurance Journal | December 1, 2023
People Moves: Markel Says President, COO Cox to Leave Company; Siry Joins Cover Whale as COO and CTO; Glazer Named AIG General Counsel
Markel, the insurance operations within Markel Group Inc., said Bob Cox, president and chief operating officer, Global Insurance Operations, will be leaving his role December 31, after five years . “Bob joined us five years ago bringing his more than …
Cybersecurity Agency Warns Water Utilities About Hackers After Pennsylvania Attack
Insurance Journal | December 1, 2023
Cybersecurity Agency Warns Water Utilities About Hackers After Pennsylvania Attack
Hackers are targeting industrial control systems widely used by water and sewage-treatment utilities, potentially threatening water supplies, the top U.S. cyberdefense agency said after a Pennsylvania water authority was hacked. The U.S. Cybersecurity and Infrastructure Security Agency issued the warning …
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
Insurance Journal | December 1, 2023
UN Report Warns of ‘Silent’ Threat of Drought as Planet Warms
While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over seasons or even years can be easier to overlook. Yet a new UN report shows droughts are just as deadly, …
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
Insurance Journal | December 1, 2023
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees
For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …