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Archive: April 2024

People Moves: SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay; Consilium Appoints Moore From Aon for Delegated Risk Solutions Team
Insurance Journal | April 30, 2024
People Moves: SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay; Consilium Appoints Moore From Aon for Delegated Risk Solutions Team
This edition of International People Moves details appointments at SCOR Business Solutions and the re/insurance broker Consilium. A summary of these new hires follows here. SCOR Business Solutions Taps HDI’s McDonald as CEO, Succeeding Launay Reinsurer SCOR has named Claire …
Minivan Crashes Into Baseball Dugout Wall in Illinois, Injuring 3 Children
Insurance Journal | April 30, 2024
Minivan Crashes Into Baseball Dugout Wall in Illinois, Injuring 3 Children
WOODSTOCK, Ill. (AP) — Three children were hurt when the minivan they were in rolled down a hill Saturday morning into a concrete baseball dugout in northern Illinois’ Woodstock. The children, ages 12 and 13, were hospitalized with mild to …
Oklahoma Insurance Commissioner Provides Resources for Storm Victims
Insurance Journal | April 30, 2024
Oklahoma Insurance Commissioner Provides Resources for Storm Victims
Oklahoma Insurance Commissioner Glen Mulready notified residents of where to seek help and report damage in response to severe storms that killed four and left more than 20,000 people without power. “Our hearts go out to the communities impacted by …
Tornadoes Kill 4 in Oklahoma, Leaving Trail of Destruction
Insurance Journal | April 30, 2024
Tornadoes Kill 4 in Oklahoma, Leaving Trail of Destruction
SULPHUR, Okla. (AP) — Tornadoes killed four people in Oklahoma, including an infant, and left thousands without power Sunday after a destructive outbreak of severe weather flattened buildings in the heart of one rural town and injured at least 100 …
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
Insurance Journal | April 30, 2024
Q1 Global Insured Natural Disaster Losses Driven by Severe Convective Storms: Aon
Global natural catastrophes cost insurers $17 billion during the first quarter of 2024 with economic losses rising above $45 billion, according to Aon’s Q1 Global Catastrophe Recap – April 2024. Q1 natural disaster losses were driven by severe convective and …
Two Montgomery Workers Charged with Insurance Fraud in Alabama
Insurance Journal | April 30, 2024
Two Montgomery Workers Charged with Insurance Fraud in Alabama
Montgomery, Alabama, authorities have charged two workers – a contract employee and a firefighter – with insurance fraud in unrelated alleged scams. Local news outlet reported that Michael Granger Hicks, who worked for a third-party vendor for the city, was …
Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer
Insurance Journal | April 30, 2024
Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer
When a cyberattack on Change Healthcare paralyzed much of the US health-care system, some lawmakers saw it as proof its parent company, UnitedHealth Group Inc., was too big. UnitedHealth Chief Executive Andrew Witty saw it differently. He has said that …
Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Insurance Journal | April 30, 2024
Investors Are Increasingly Interested in a Novel Type of Weather Insurance
Interest in startups trying to shake up the insurance industry is on the rise as weather catastrophes worsen. The latest sign: New York-based Arbol has raised $60 million in a Series B funding round. Founded in 2018, Arbol specializes in …
Billionaire Ellison Is Moving Oracle to Nashville From Texas
Insurance Journal | April 30, 2024
Billionaire Ellison Is Moving Oracle to Nashville From Texas
Larry Ellison plans to make Nashville the world headquarters for Oracle Corp., only a few years after relocating the tech giant from Silicon Valley to Austin. Ellison said Oracle is developing a campus in the Tennessee city, moving it closer …
Sister of Mississippi Man Who Died After Police Stop Rejects Settlement
Insurance Journal | April 30, 2024
Sister of Mississippi Man Who Died After Police Stop Rejects Settlement
JACKSON, Miss. (AP) — A woman who sued Mississippi’s capital city over the death of her brother has decided to reject a settlement after officials publicly disclosed how much the city would pay his survivors, her attorney said Wednesday. George …