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Category: Insurance Journal

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 …
Data on California Private Self-Insureds’ 2022 Workers’ Comp Claim Experience
Insurance Journal | June 20, 2023
Data on California Private Self-Insureds’ 2022 Workers’ Comp Claim Experience
California workers’ compensation private self-insured claim frequency rose 6% last year as both medical-only and indemnity claim volume increased, but a new report suggests that many of the claims may have been low-cost COVID-19 cases. A California Workers’ Compensation Institute …
Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects
Insurance Journal | June 20, 2023
Construction Owners Accused of Submitting Fraudulent Bonds for New York Storm Projects
Federal officials report they have charged two construction company owners with submitting fraudulent bonds in connection with storm recovery and reconstruction projects in New York. Rawinder Dhillon and Amninder Singh allegedly defrauded the New York State Governor’s Office of Storm …
Gulf of Mexico ‘Dead Zone’ Forecasted to be Smaller Than Average
Insurance Journal | June 9, 2023
Gulf of Mexico ‘Dead Zone’ Forecasted to be Smaller Than Average
EW ORLEANS (AP) – The oxygen-depleted “dead zone” that forms each year in the Gulf of Mexico off Louisiana and Texas is forecast to cover about 4,155 square miles (10,761 square kilometers) this year. That’s about 1,200 square miles (3,107 …
People Moves: VIAA Names Von Ruden Personal Foundation Coach; Holmes Murphy Names Tanny Property Casualty VP
Insurance Journal | June 9, 2023
People Moves: VIAA Names Von Ruden Personal Foundation Coach; Holmes Murphy Names Tanny Property Casualty VP
Valley Insurance Agency Alliance Hires Von Ruden as Personal Foundation Coach Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, Missouri, recently hired Trish Von Ruden as personal foundation coach. Von Ruden will coach new and existing team members on …