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Category: Insurance Journal

Feds Grant $132M to Improve California to ve Roads and Tackle Traffic Fatalities
Insurance Journal | February 1, 2023
Feds Grant $132M to Improve California to ve Roads and Tackle Traffic Fatalities
U.S. Transportation Secretary Pete Buttigieg announced $800 million in grant awards through the new Safe Streets and Roads for All Grant Program includes 50 grants for communities in California. The competitive grant program, established by President Joe Biden’s infrastructure law, …
$32M Settlement in California Child Welfare Lawsuit
Insurance Journal | February 1, 2023
$32M Settlement in California Child Welfare Lawsuit
Central California’s Tulare County will pay $32 million to settle a lawsuit alleging its child welfare agency failed to respond to reports of abuse involving an infant boy who was hospitalized for malnutrition and suffered brain damage, plaintiffs’ attorneys said …
MPL Insurers Curi and Constellation Agree to Merge
Insurance Journal | February 1, 2023
MPL Insurers Curi and Constellation Agree to Merge
Curi Holdings, Inc. and Constellation, Inc., two of the nation’s leading providers of medical professional liability (MPL) insurance, have signed an agreement to merge. Curi CEO Jason Sandner will remain CEO of Curi Holdings, Inc. Constellation President & CEO Ryan …
Estimated 100,000 Hens Die in Blaze at Connecticut’s Hillendale Farms
Insurance Journal | February 1, 2023
Estimated 100,000 Hens Die in Blaze at Connecticut’s Hillendale Farms
BOZRAH, Conn. (AP) — An estimated 100,000 hens died in a weekend fire at a Connecticut farm owned by one of the country’s largest egg producers, Connecticut officials confirmed Monday. It’s one of several such fires that have killed millions …
Man Charged With Killing Mom at Sea Seeks Grand Jury Transcripts
Insurance Journal | February 1, 2023
Man Charged With Killing Mom at Sea Seeks Grand Jury Transcripts
The man charged with killing his mother at sea during a 2016 fishing trip off the coast of New England is asking for minutes from the grand jury proceeding that led to his indictment, seeking to learn what was disclosed …
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce
Insurance Journal | February 1, 2023
Shopping Safely: Managing Cybersecurity, Insurance in E-Commerce
Online retailers will need to remain as resilient as possible to combat increasing cyber crime in the wake of a pandemic surge in online shopping, according to David Emm, senior security researcher at cybersecurity provider Kaspersky, on this episode of …
People Moves: Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe; AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s
Insurance Journal | February 1, 2023
People Moves: Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe; AXA XL Appoints Cerquenich as Senior Risk Consultant, Marine, UK & Lloyd’s
Danish Insurer Tryg Names Brammer as CEO, Succeeding Hübbe The Supervisory Boards of Tryg A/S and Tryg Forsikring A/S announced that Group Chief Executive Officer (CEO) Morten Hübbe has decided to step down. Hübbe (51) will be succeeded by Chief …
Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups
Insurance Journal | February 1, 2023
Denmark Raises Cyber Security Alert Level After Attacks From Russian Hacker Groups
Denmark on Tuesday raised its cyber security alert level from “medium” to “high” after several attacks by pro-Russian hacker groups in recent weeks, the country’s Centre for Cyber Security said. “The risk level is being raised on the back of …
Everest Insurance Continues Global Expansion, Launching Branch in Spain
Insurance Journal | February 1, 2023
Everest Insurance Continues Global Expansion, Launching Branch in Spain
Everest Insurance, the insurance division of Everest Re Group Ltd., announced its expansion into the Spanish market following regulatory approval from the relevant authorities to operate in Spain — trading as Everest Insurance (Ireland) DAC, Sucursal en España. The Spain …
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges
Insurance Journal | February 1, 2023
Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges
The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company. Gregoire Tournant claims in a Monday …