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Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises
Insurance Journal | October 1, 2024
Judge Dismisses Shareholder Lawsuit Against Tesla, Musk Over Self-Driving Promises
Tesla and its CEO Elon Musk on Monday won the dismissal of a lawsuit accusing them of defrauding shareholders by overstating the effectiveness and safety of the automaker’s self-driving technology in order to boost its stock price. U.S. District Judge …
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Insurance Journal | October 1, 2024
Miller Completes Acquisition of Spanish Specialty Re/Insurance Broker Bruzon
Miller, the London-based specialist re/insurance broker, announce it has completed the acquisition of Madrid-based commercial insurance broker Bruzon Correduría de Seguros y Reaseguros. The transaction, which first was announced in May, closed on Sept. 30 following the receipt of all …
People Moves: Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA, Succeeding O’Neill; Pen’s Trafalgar Marine Trades Taps Geo’s Colbourn as Senior UK U/W
Insurance Journal | October 1, 2024
People Moves: Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA, Succeeding O’Neill; Pen’s Trafalgar Marine Trades Taps Geo’s Colbourn as Senior UK U/W
This edition of International People Moves details appointments at Liberty Specialty Markets, the MGA Pen Underwriting, and Lloyd’s syndicate, AEGIS London. A summary of these new hires follows here. Liberty Specialty Markets Promotes Nelson to CUO, UK & MENA Regions, …
Europe Set for Colder Winter Than Last Year as La Niña Arrives
Insurance Journal | October 1, 2024
Europe Set for Colder Winter Than Last Year as La Niña Arrives
Europe’s winter is forecast to be colder than last year — Germany’s third-mildest on record — as a weakened La Niña finally arrives, but it will still be warmer than longer-term averages. France, the UK and Scandinavia will be the …
Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal
Insurance Journal | October 1, 2024
Markets/Coverages: MGA Verve Launches Captive Insurance Product and Broker Portal
Verve Risk Services, the London-based managing general agent, announced the launch of a captive insurance product and its “Verve Aura” broker portal, designed to meet evolving customer needs. Formed in 2016 and supported by OneAdvent, the specialist MGA services platform, …
Investigation Started into Plane Crash That Killed Several People in North Carolina
Insurance Journal | October 1, 2024
Investigation Started into Plane Crash That Killed Several People in North Carolina
MANTEO, N.C. (AP) — Federal authorities were investigating this week after multiple people died when a single-engine plane crashed Saturday afternoon in a wooded area at Wright Brothers National Memorial’s First Flight Airport, the National Park Service said. The crash …
Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters
Insurance Journal | October 1, 2024
Florida’s Heritage Stock Price Drops After ’60 Minutes’ Report on Adjusters
Just as Florida property insurers face another round of storm claims, CBS News has raised questions about alleged insurer fraud stemming from claims incurred in the last major storm – Hurricane Ian, which hit much of southwest Florida two years …
Jury Awards $300M to 3 Women Over Alleged Sex Abuse by Virginia Doctor
Insurance Journal | October 1, 2024
Jury Awards $300M to 3 Women Over Alleged Sex Abuse by Virginia Doctor
A jury has ruled in favor of three women who alleged they were sexually abused while patients at a Virginia children’s hospital, awarding them a total of $300 million in damages. The jury in Richmond Circuit Court on Friday awarded …
Cruise Gets More Oversight After California Robotaxi Dragging Incident
Insurance Journal | October 1, 2024
Cruise Gets More Oversight After California Robotaxi Dragging Incident
General Motors Co.’s robotaxi company will undergo tougher oversight and pay a fine to settle claims by US auto safety regulators that it failed to properly disclose information about a crash involving one of its cars that struck and dragged …
Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
Insurance Journal | September 30, 2024
Sanctioned Tanker With LNG Cargo Passes via Suez Canal, Data Shows
The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday. The source of the LNG and Palau-flagged Pioneer’s …