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Tag: insurance-journal

Kentucky Sheriff Charged With Shooting of Judge Inside Courthouse
Insurance Journal | September 20, 2024
Kentucky Sheriff Charged With Shooting of Judge Inside Courthouse
A Kentucky judge is dead and the county sheriff is in jail, charged with shooting the judge multiple times Thursday inside the courthouse. Local and national News outlets reported that Letcher County Sheriff Mickey Stines was arrested at the courthouse …
Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe
Insurance Journal | September 20, 2024
Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe
Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading. Since late last year, US, European Union …
People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US
Insurance Journal | September 20, 2024
People Moves: HDI Global Taps SCOR’s Ahn as HK Branch CEO; Amwins Global Risks Promotes Abraham as CEO, Succeeding Mathis, Who Returns to US
This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. A summary of these new hires follows here. HDI Global Taps SCOR’s Ahn as HK Branch CEO, Lau Named Director APAC Network HDI Global announced …
Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law
Insurance Journal | September 20, 2024
Pennsylvania AG Launches Website for Reporting Data Breaches as Required by Law
Pennsylvania Attorney General Michelle Henry announced the launch of an online portal for companies and other entities reporting data breaches. The site is for reporting breaches impacting more than 500 Pennsylvania residents — which is required under Pennsylvania law beginning …
Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack
Insurance Journal | September 20, 2024
Hackers Demand $6M for Files Stolen From Seattle Airport Operator in Cyberattack
Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said. The Port of Seattle, …
Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight
Insurance Journal | September 20, 2024
Wefox Appoints Former Allianz Executive Mueller as CEO to End Shareholder Fight
Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …
GM to Recall Over 449,000 Pickup Trucks, SUVs
Insurance Journal | September 20, 2024
GM to Recall Over 449,000 Pickup Trucks, SUVs
General Motors is recalling 449,671 pickup trucks and SUVs in the U.S. due to inoperative low brake fluid warning, the U.S. National Highway Traffic Safety Administration said on Friday. The recall includes some 2023 Chevrolet Silverado 1500, GMC Sierra 1500, …
E&S Vet Miller and Team Launch MGA Pivix
Insurance Journal | September 20, 2024
E&S Vet Miller and Team Launch MGA Pivix
Former Scottsdale Insurance President Mike Miller will now serve as president and CEO of excess & surplus managing general agency Pivix Specialty Insurance Services. Based in Scottsdale, Arizona, Pivix is an E&S platform offering property/casualty coverages for targeted segments. Products …
Insurers End ‘Cats’ Fight
Insurance Journal | September 20, 2024
Insurers End ‘Cats’ Fight
Two insurers have settled their dispute over coverage for an employee of the touring company for the musical “Cats” who was seriously injured on the set at a Providence theater in 2019. The Providence Performing Arts Center (PPAC) employee was …
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
Insurance Journal | September 20, 2024
Mutual Insurers Chase Rate Adequacy, Financial Strength Remains Strong: AM Best
The U.S. property/casualty mutual segment has leaned on investment income to maintain strong overall financial performance and grow surplus in the face of underwriting volatility and severe weather-related activity, according to an AM Best report. To combat underwriting losses and …