Tag: insurance-journal

EU to Propose More Flexible Climate Goal, Sources Say
Insurance Journal | May 30, 2025
EU to Propose More Flexible Climate Goal, Sources Say
The European Commission will propose a new EU climate target in July that includes flexibilities for how countries meet it, as Brussels attempts to fend off mounting criticism of Europe’s environmental aims, EU diplomats told Reuters. The European Union’s climate …
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
Insurance Journal | May 30, 2025
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province amid hot, dry weather, bringing flames …
People Moves: Markel Taps Former RSA Exec Mooney to Succeed Galjaard; AXA XL Reinsurance Names Ivanova as Head of Property, International Reinsurance
Insurance Journal | May 30, 2025
People Moves: Markel Taps Former RSA Exec Mooney to Succeed Galjaard; AXA XL Reinsurance Names Ivanova as Head of Property, International Reinsurance
This edition of International People Moves details executive appointments at Markel and AXA XL Reinsurance. A summary of these new hires follows here. Markel Taps Former RSA Exec Mooney to Succeed Galjaard Who Will Step Down Markel, the insurance operations …
Farmers Press Trump for Biofuels Boost to Counter Tariff Losses
Insurance Journal | May 30, 2025
Farmers Press Trump for Biofuels Boost to Counter Tariff Losses
After losing their biggest export market due to Donald Trump’s trade wars, US farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage. The administration is set to soon unveil …
CVS and Express Scripts Sue to Block Arkansas Law Restricting Pharmacy Benefit Managers
Insurance Journal | May 30, 2025
CVS and Express Scripts Sue to Block Arkansas Law Restricting Pharmacy Benefit Managers
CVS and Express Scripts asked a federal judge on Thursday to block a law prohibiting pharmacy benefit managers from owning or operating pharmacies in Arkansas, challenging the first such restriction enacted by a state. The lawsuits come a little over …
Lawsuit Says Zealous Honolulu PD Arresting Drivers for DUI Even When Sober
Insurance Journal | May 30, 2025
Lawsuit Says Zealous Honolulu PD Arresting Drivers for DUI Even When Sober
The Honolulu Police Department said it will review all impaired driving arrests after the American Civil Liberties Union of Hawaii filed a lawsuit alleging officers are arresting sober drivers in an overzealous focus on making drunk-driving arrests. In recent years …
Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
Insurance Journal | May 30, 2025
Lloyd’s Insurer Beazley Gains New Bull to Bolster Unique Status
The only stock in the FTSE 100 with buy recommendations from every analyst that covers it just gained another bull. Beazley Plc was named a ‘top pick’ by Berenberg, which gave the Lloyd’s of London insurer a 1,150 pence price …
SEC Dismisses Lawsuit Against Binance Crypto Exchange
Insurance Journal | May 30, 2025
SEC Dismisses Lawsuit Against Binance Crypto Exchange
The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world’s largest cryptocurrency exchange, extending the regulator’s new approach to cryptocurrencies since President Donald Trump reentered the White House. A joint stipulation of dismissal …
Ex-WWE Executive Turns, Agrees to Team With Sex Abuse Accuser Against McMahon
Insurance Journal | May 30, 2025
Ex-WWE Executive Turns, Agrees to Team With Sex Abuse Accuser Against McMahon
A former WWE executive who had been fighting sexual abuse allegations in a lawsuit by an ex-employee has agreed to a confidential settlement and will now help the accuser as she continues suing the company and former leader Vince McMahon, …
Industry Vets Bonneau and Bredahl Form Novel Financial, Acquire Forza Insurance
Insurance Journal | May 30, 2025
Industry Vets Bonneau and Bredahl Form Novel Financial, Acquire Forza Insurance
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as “an independent holding company that oversees carriers supporting managing general underwriters. Novel Financial Holdings LLC (“Novel”) …