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Category: Insurance Journal

Hawaii Volcano Eruption Has Some on Alert, Draws Onlookers
Insurance Journal | December 1, 2022
Hawaii Volcano Eruption Has Some on Alert, Draws Onlookers
The first eruption in 38 years of the world’s largest active volcano is attracting onlookers to a national park for “spectacular” views of the event, and it’s also dredging up bad memories among some Hawaii residents who have been through …
Vet’s California Lawsuit Blaming Antimalarial Drug For Psychosis Tossed
Insurance Journal | December 1, 2022
Vet’s California Lawsuit Blaming Antimalarial Drug For Psychosis Tossed
– A federal judge threw out a lawsuit against the maker of an anti-malarial drug blamed for causing psychotic behavior and neurological damage to U.S. servicemembers, ruling that the case had no right to be filed in California. The proposed …
Harvard to Appeal Missed Insurance Claim Deadline Ruling That Cost It $15M
Insurance Journal | December 1, 2022
Harvard to Appeal Missed Insurance Claim Deadline Ruling That Cost It $15M
Harvard University has signaled its intention to appeal last month’s federal court ruling that cost it as much as $15 million for failing to notify its insurer of its claim by the policy deadline. The law firm Anderson Kill on …
K2 Insurance Services Announces New Private Equity Partner
Insurance Journal | December 1, 2022
K2 Insurance Services Announces New Private Equity Partner
K2 Insurance Services, an independent specialty insurance program manager, announced that Warburg Pincus, a global growth investor, has agreed to acquire the company from Lee Equity Partners LLC, a middle market private equity firm. According to K2, the investment will …
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Insurance Journal | December 1, 2022
UK ‘Just Getting Started’ on Post-Brexit Boost to London’s Competitiveness: Minister
Britain is just at the beginning of post-Brexit efforts to keep London a top global financial center, but deregulation will be selective to ensure high standards are kept, financial services minister Andrew Griffith said on Thursday. Finance represents one in …
People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt
Insurance Journal | December 1, 2022
People Moves: Convex Re Bermuda Names AXA XL’s Simons Deputy CEO, Promotes Slater to CUO; AGCS Promotes Zschech to Head of Industry Solutions & Client Mgmt
This edition of International People Moves details appointments at Convex Re Bermuda and Allianz Global Corporate & Specialty (AGCS). A summary of these new hires follows here. Convex Group Ltd., the London-based international specialty re/insurer, announced that Convex Re Bermuda …
Google Sued in UK by 130,000 Alleged Victims of Its Online Advertising Dominance
Insurance Journal | December 1, 2022
Google Sued in UK by 130,000 Alleged Victims of Its Online Advertising Dominance
Google and its parent Alphabet Inc. were sued in a UK court over alleged antitrust abuses in a group claim by 130,000 businesses that argues the tech giant’s approach to advertising that may have cost companies billions of pounds in …
Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
Insurance Journal | December 1, 2022
Howden Acquires Australian Specialty Broker AlphaXO Risk Partners
Howden, the London-based insurance broker, announced it has increased its shareholding to 100% in AlphaXO Risk Partners, an Australian specialty insurance broker. Financial details of the deal were not disclosed. AlphaXO’s leadership team remains unchanged, with Andrew Glover continuing his …
Dutch Court Denies RWE and Uniper Compensation for Closure of Coal-Fired Plants
Insurance Journal | December 1, 2022
Dutch Court Denies RWE and Uniper Compensation for Closure of Coal-Fired Plants
The Dutch state does not have to compensate German energy suppliers RWE and Uniper for the decision to close coal-fired energy plants in the Netherlands by 2030, a Dutch court ruled on Wednesday. RWE owns two of the current four …
Yale Discriminates Against Students With Mental Health Issues, Lawsuit Claims
Insurance Journal | December 1, 2022
Yale Discriminates Against Students With Mental Health Issues, Lawsuit Claims
Yale University was sued for allegedly violating the Americans with Disabilities Act by unfairly penalizing students who are dealing with mental-health issues. For decades, Yale has “treated unequally and failed to accommodate students with mental health disabilities, including by modifying …