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Missouri Fire Official Dies When Boat He Was in Capsizes During Water Rescue
Insurance Journal | July 10, 2024
Missouri Fire Official Dies When Boat He Was in Capsizes During Water Rescue
COLUMBIA, Mo. (AP) — An assistant fire chief in central Missouri died early Monday when the boat he was in capsized during a water rescue in a flash flood. The Boone County Fire Protection District said Matthew Tobben and another …
NC Can Switch Health Benefits Provider for State Workers, Judge Rules
Insurance Journal | July 10, 2024
NC Can Switch Health Benefits Provider for State Workers, Judge Rules
RALEIGH, N.C. (AP) — In a legal fight involving two health insurance companies seeking to manage North Carolina’s public employee benefits plan, a judge ruled Monday that the plan’s board acted properly when it switched to Aetna and dropped longtime …
Maine Has No Medical Cannabis Testing Requirement. Health Advocates Urge Change.
Insurance Journal | July 10, 2024
Maine Has No Medical Cannabis Testing Requirement. Health Advocates Urge Change.
Keri-Jon Wilson started as a hobbyist, making medical marijuana edibles on a small scale for patients suffering from chronic pain and cancer. But in 2015 she expanded her business, Portland-based Pot + Pan Manufacturing, and began to standardize her products. …
Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling
Insurance Journal | July 10, 2024
Purdue Pharma Secures Litigation Ceasefire After Supreme Court Ruling
Purdue Pharma on Tuesday received U.S. court approval for a 60-day freeze on lawsuits against its owners, members of the wealthy Sackler family, in its first court appearance since a landmark Supreme Court ruling upended its bankruptcy settlement. U.S. Bankruptcy …
PwC Starts Mass China Layoffs After Losing Dozens of Clients
Insurance Journal | July 10, 2024
PwC Starts Mass China Layoffs After Losing Dozens of Clients
PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of corporate clients diminished the accounting firm’s revenue prospects in the country. At least 100 staffers from different teams at PwC …
Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane
Insurance Journal | July 10, 2024
Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane
Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify to the maximum Category 5 level, after it left a trail of destruction on Jamaica and islands of the eastern …
UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure
Insurance Journal | July 10, 2024
UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure
Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his only functioning kidney failed in 2016. He wakes up at 6 a.m. three times a week to plug himself into …
People Moves: Incline P&C Group appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Urban as Chief Development Officer
Insurance Journal | July 10, 2024
People Moves: Incline P&C Group appoints Galiardo as Chief Actuary/Chief Underwriting Officer and Urban as Chief Development Officer
Incline P&C Group, headquartered in Austin, Texas, appointed Scott Galiardo as chief actuary and chief underwriting officer for commercial and specialty lines and Tony Urban as the chief development officer. In this newly created role, Galiardo will develop Incline P&C …
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group
Insurance Journal | July 10, 2024
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group
Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a time when climate change is driving up risks for the industry, according to a report by a shareholder advocacy group. …
Insurance Broker TWFG Aims to Raise Up to $176M in IPO
Insurance Journal | July 10, 2024
Insurance Broker TWFG Aims to Raise Up to $176M in IPO
Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million in its initial public offering in the United States. TWFG is offering 11 million shares at a price range of …