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Category: Insurance Journal

Multiple Tornadoes in Mississippi Kill One, Leave Severe Damage
Insurance Journal | June 20, 2023
Multiple Tornadoes in Mississippi Kill One, Leave Severe Damage
Multiple tornadoes swept through Mississippi over the weekend, killing one and injuring nearly two dozen, officials said. State emergency workers were still working with counties Monday morning to assess the damage from storms in which high temperatures and hail in …
Verdict in Oregon Wildfires Case Highlights Risks Utilities Face Amid Climate Change
Insurance Journal | June 20, 2023
Verdict in Oregon Wildfires Case Highlights Risks Utilities Face Amid Climate Change
A jury verdict that found an Oregon power company liable for devastating wildfires – and potentially billions of dollars in damages – is highlighting the legal and financial risks utilities take if they fail to take proper precautions in a …
US Slips in Supply-Chain Ranks After Child-Labor Violations
Insurance Journal | June 20, 2023
US Slips in Supply-Chain Ranks After Child-Labor Violations
The US has joined a list of mostly emerging-market countries where ESG supply-chain risks are “high,” after the world’s richest economy failed to provide adequate protections for vulnerable populations including migrant children, according to a fresh study. The US saw …
Gannett Sues Google, Alleges Online Ad Monopoly
Insurance Journal | June 20, 2023
Gannett Sues Google, Alleges Online Ad Monopoly
Gannett Co Inc, the largest U.S. newspaper chain, on Tuesday sued Google, accusing the social media company of violating federal antitrust law by trying to monopolize the market for online advertising. The publisher of USA Today and more than 200 …
People Moves: Liberty Specialty Mkts Taps AXA XL’s Prato as London President; Carpenter Appoints Howden’s Cacia as Italy CEO; 2 Key Broking, Analytics Roles Also Hired
Insurance Journal | June 20, 2023
People Moves: Liberty Specialty Mkts Taps AXA XL’s Prato as London President; Carpenter Appoints Howden’s Cacia as Italy CEO; 2 Key Broking, Analytics Roles Also Hired
This edition of International People Moves details appointments at Liberty Specialty Markets and Guy Carpenter. A summary of these new hires follows here. Liberty Specialty Markets Names AXA XL’s Prato as London President Liberty Specialty Markets (LSM), part of Liberty …
Former Chair Ghosn Sues Nissan for $1B in Lebanon
Insurance Journal | June 20, 2023
Former Chair Ghosn Sues Nissan for $1B in Lebanon
Former Nissan chairman Carlos Ghosn has sued the company for more than $1 billion in a lawsuit filed to Lebanon’s public prosecutor last month, according to a copy of the lawsuit seen by Reuters. The lawsuit filed on May 18 …
WHO Says Toxic Syrup Risk ‘Ongoing’, More Countries Hit
Insurance Journal | June 20, 2023
WHO Says Toxic Syrup Risk ‘Ongoing’, More Countries Hit
There is an ongoing global threat posed by toxic cough syrups, the World Health Organization (WHO) told Reuters, saying it was now working with six more countries than previously revealed to track the potentially deadly children’s medicines. The U.N. agency …
Probe Opened Into Hyundai Ioniq 5 EVs Over Power Loss Reports
Insurance Journal | June 20, 2023
Probe Opened Into Hyundai Ioniq 5 EVs Over Power Loss Reports
U.S. auto safety regulators are investigating nearly 40,000 Hyundai Ioniq 5 electric vehicles over reports of power loss while driving tied to a battery charging issue. The National Highway Traffic Safety Administration’s preliminary investigation covers 2022 model-year vehicles after it …
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway
Insurance Journal | June 20, 2023
Sublimit Left Out of Policy, But Liberty Mutual Firm Avoids Huge Payout Anyway
What happens when an insurance carrier, its underwriter, a broker and the insured all forget to make sure a sublimit endorsement on wind-driven rain losses is included in a multi-million dollar property policy? In the case of a Liberty Mutual …
World Insurance Acquires Assets of Bryant Agency in Upstate New York
Insurance Journal | June 20, 2023
World Insurance Acquires Assets of Bryant Agency in Upstate New York
Insurance broker World Insurance Associates LLC announced that it acquired substantially all the insurance assets of Bryant Asset Protection, Inc. of Slingerlands, Terms of the transaction were not disclosed. BAP was founded in 1951 by Charles Bryant, and today serves …